Insurance
SI-Logistics offers Land, Air, and Marine insurance for your domestic or international shipments. We strongly suggest that you insure your goods for the replacement value of your goods and the cost of shipping your freight. Please advise one of our shipping specialists about the value that you would like to insure your goods for.
All Risk Insurance
All Risk Insurance is available for all customers that have all or some of their goods packed professionally. This insurance covers the individual loss or damage of your professionally packed items. To qualify for All Risk Insurance, we will need inventory list from the packers or a commercial invoice with a description of the goods. We will also provide you with an insurance form where you will assign a specific value for all professionally packed items. If shipping a vehicle, we would need the value of your vehicle and we will complete a vehicle inspection report at the time of the pickup or drop-off.
All risk insurance will also automatically include Total Loss coverage for the entire shipment for the total amount insured. The standard cost for All Risk Insurance is 3.5% of the insured value of the cargo. The deductible is $500 for goods and $1,000 for vehicles.
Total Loss Insurance
Total Loss Insurance is available for all ocean, air, and land shipments. Total loss insurance covers you if the entire shipment is lost or damaged, but it will not insure you for partial loss or damage. To ensure for total loss insurance, you will need to assign a lump sum value for your goods on the insurance form. The standard cost of Total Loss insurance is 3% of the insured value of the cargo. No deductible.