Main contents:

 Considerations in the Choice of Insurance Coverage

 When to choose All Risks

 Flexible Use of Basic Cover and Additional Cover

 Risk Prevention is Important

10.4.1 Five Considerations in the Choice of Insurance Coverage

(1) The type, nature and characteristics of the goods;

(2) The packing of goods;

(3) The transportation (including mode, tool and route of transportation);

(4) The loss and damage happening at the port or in the course of stevedoring.

(5) The political situation in place of destination.

 出口商投保时,通常要对以下几个因素进行综合考虑：

（1）货物的种类、性质和特点；

（2）货物的包装情况；

（3）货物的运输情况（包括运输方式、运输工具、运输路线）；

（4）发生在港口和装卸过程中的损耗情况等；

（5）目的地的政治局势。

10.4.2 When to choose All Risks

 All Risks is the most widely used and the most convenient coverage. 

 However, All Risks costs more for its convenience, the premium of which is twice that of WPA and three times that of FPA.

 Consider the material of the goods. 

10.4.3 Flexible Use of Basic Cover and Additional Cover

 When settling a claim, insurance company will identify cause of the loss in the first place and make indemnity only if the loss is covered in the insurance. 

 Therefore, when applying for additional cover, the applicant should consider the risks more likely to happen. 

10.4.4 Risk Prevention is Important

 Though the loss caused could be compensated by the insurer, it is costly for the cargo owner to file a claim both financially and mentally. 

 Therefore, the consciousness and method of risk prevention is important.