Warehouse
insurance
Complement the protection of your cargo while in bonded warehouse or customs warehouse.
There are multiple risks for the cargo to while in customs or bonded warehouses. Be aware and avoid financial losses that may impact your operation.
At JAH INSURANCE BROKERS, we understand that risks are always present, even in storage. Our Warehouse Insurance is designed to cover goods while in permanence in bonded or customs warehouses.
Coverage
Total Loss coverage refers to total loss of the cargo:
- Total loss by theft with violence.
- Total loss due to damage and the following events:
- Fire and/or lightning, explosion or action to extinguish fire originated by such causes.
- VMM. (Vandalism and Malicious Mischief), (Include acts by Guerrilla and Terrorism)
- Riot, mutiny, civil or popular commotion and strike.
- Acts of God such as earthquakes, tremor, volcanic eruption, high winds, hurricane, tornado, landslides, floods, avalanches.
- Water damage caused by the interior or exterior of the building containing the insured property.
- Impact of vehicles, aircraft or part thereof.
FULL COVER IN WAREHOUSE
Refers to total + partial losses:
- Partial loss by theft with violence.
- Partial loss due to damage and the following events:
- Fire and/or lightning, explosion or action to extinguish fire originated by such causes.
- VMM. (Vandalism and Malicious Mischief), (Include acts by Guerrilla and Terrorism).
- Riot, mutiny, civil or popular commotion and strike.
- Acts of God such as earthquakes, tremor, volcanic eruption, strong winds, hurricane, tornado, landslides, floods, avalanches.
- Water damage caused inside or outside the building containing the insured property.
- Impact of vehicles, aircraft or part of them.
- Loading, unloading and accommodation operations inside the warehouse.
Benefits
- Complements the protection of your cargo in transit during long permanence in bonded warehouses.
- Protects finished products and products in process.
- Provides coverage for raw materials, machinery, equipment, spare and replacement parts, as well as other goods related and inherent to the insured’s activity.
- Backed by a recognized company in the market.
