What are the cargo insurance claims?

Cargo insurance claims refer to requests made by shippers or cargo owners for compensation due to loss, damage, or theft of goods during transit. When an insured event occurs, such as a shipping accident or natural disaster, the policyholder can file a claim with the insurance provider to recover financial losses. The claims process typically involves providing documentation, such as shipping records and damage assessments, to support the request. Successfully processed claims help mitigate the financial impact of cargo-related incidents on businesses.