Cargo Insurance Solutions
Protect your valuable shipments with comprehensive insurance coverage at competitive rates.
Why Insure Your Cargo?
Even with the most careful handling, shipments face various risks during transit. Our insurance solutions provide peace of mind and financial protection.
Insurance Coverage Options
Choose the coverage level that best suits your shipment needs
Basic Coverage
Essential protection for your shipments at an affordable rate. Covers major risks including total loss, theft, and damage due to accidents.
- Coverage for total loss of cargo
- Protection against major accidents
- Theft and pilferage coverage
Simple Claims Process
We make filing and processing claims quick and hassle-free
Notify us of any damage or loss within 7 days of delivery. Submit the claim form through your account dashboard or contact our claims department.
Submit supporting documents including photos of damage, commercial invoice, packing list, and bill of lading. Our team will guide you through the required documentation.
Once your claim is approved, payment is processed within 14 business days. For Premium coverage, expedited payment is available within 7 business days.
Frequently Asked Questions
Common questions about our cargo insurance services
Why do I need cargo insurance if the carrier is liable for my goods?
Carrier liability is often limited by international conventions and typically covers only a fraction of your cargo's value. Additionally, carriers are not liable for many common causes of loss such as natural disasters or general average. Cargo insurance provides comprehensive protection beyond carrier liability.
How is the insurance premium calculated?
Insurance premiums are calculated as a percentage of the cargo's declared value (typically invoice value plus freight costs). The percentage varies based on the coverage level, cargo type, and route. Our rates start from 0.5% for basic coverage.
What's not covered by cargo insurance?
General exclusions include improper packing, inherent vice (natural deterioration), delay (except in Premium coverage), war and strikes (unless specifically added), and willful misconduct. Certain high-value or restricted items may require special coverage arrangements.
How quickly are claims processed?
Standard claims are typically processed within 30 days of receiving all required documentation. Premium coverage includes expedited claims processing with resolution within 14 days. We strive to make the claims process as smooth and efficient as possible.
Can I purchase insurance for shipments not booked through Lest?
Yes, we offer standalone cargo insurance for shipments not booked through our platform. Contact our insurance specialists for a custom quote based on your specific shipping details.
Ready to simplify your shipping?
Join thousands of businesses that trust Lest for their LCL shipping needs between China and ASEAN.