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Policy specifics
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Restricted/Unapproved Commodities and Countries
Commodities listed as unapproved require prior approval from the underwriter prior to attachment for coverage broader than Free of Particular Average (F.P.A.) excluding theft, pilferage, and non-‐delivery.
Restricted Commodities
The following goods are insured subject to limited conditions as per policy (this is a summary of conditions shown; please request the complete policy for specific wording), packed in approved overseas packaging. Summary of Insuring Conditions per Commodities:
Wine, liquors, beers and similar spirits in export packing
All-‐Risk, pilferage and breakage, subject to a 1% deductible (minimum $250)
Automobiles & Motorcycles (less than 10 model years old not to exceed $50,000.00 per vehicle)
All-‐Risk, subject to a pre-‐shipment survey or also excluding claims for scratching, denting, marring, chipping, rust, oxidation, discoloration, subject to a 3% deductible (minimum $250)
Bagged commodities in door-‐to-‐door containers
All-‐Risk, subject to a 3% deductible (minimum $250)
Yachts-‐Watercraft new & used (not more than 3 years of age, not exceeding $50,000.00 per vehicle, nor in excess of 30 ft. in length )
All-‐Risk, subject to a 3% deductible (minimum $250). Warrant professionally packed as determined by mode of transportation. No coverage shall be granted hereunder while the watercraft is being operated under its own power.
Chinaware, Glassware, Marble, Ceramic, Granite, and other similar fragile items
All-‐Risk, subject to a 5% deductible (minimum $250)
Perishable Cargo in Approved Overseas Packing
All-‐Risk, subject to a 24-‐hour breakdown clause
Household goods and personal effects – professionally packed
All-‐Risk, subject to 3% deductible (minimum $250). Itemized valued inventory and professional packing required.
Steel sheets, coils, and similar merchandise
All-‐Risk, excludes marring, scratching, chipping, denting and breakage. Subject to a 3% deductible (minimum $250). Itemized value inventory must accompany shipment. Fragile articles are to represent not more than 10 of the insured value
Steel sheets, coils, and similar merchandise
All-‐Risk, excluding rust, oxidation, discoloration, and crimping
Steel pipe, tubing, rods and similar merchandise
Containerized: All-‐Risk, excluding rust, oxidation, discoloration, and corrosion. Non-‐containerized: All-‐Risk, excluding rust, oxidation, discoloration, corrosion, bending, twisting, and end damage.
Unapproved Commodities
The following goods are insured subject to limited conditions:
• Ocean shipments insured FPA (Free of Particular Average ), excluding theft, pilferage and non-‐delivery at policy FPA rates
• Air shipments insured at rates and conditions to be specified and agreed upon at time of declaration
Aircrafts, parts, engines Animals (live) Antiques Art works, Fine Arts Bank Notes Blood/Blood Products Bulk Commodities Cellular telephones Computer Chips & Boards Computer Software & Games
Containers Contractor’s Equipment (non-‐ containerized) Currency Eggs in the Shell Furs Gems & Precious Stones Gold & Bullion Jewelry (non-‐costume) Laptops/Computers Perfumed Products Plants/Flowers
Plasma TV’s Precious Metals Securities, Monies Silver Items Stamps Tobacco Products/ Cigarettes Used merchandise Value paper Watches
*Computer accessories such as glare screens, wrist rests, monitors, mice, keyboards, printers, etc. are approved
Unapproved Countries
Shipments to or from any of the following countries may only be insured after obtaining the underwriter’s approval:
Afghanistan (Taliban) Algeria Angola (UNITA) Burma (Myanmar) Burundi Congo, Democratic Republic of Congo (formerly Zaire)
Cuba Iran Iraq Lebanon Liberia Somalia Sudan
Libya Nigeria North Korea OFAC restricted countries Sierra Leone
Syria Yemen, People’s Republic of Yemen (North and South Yemen) Zaire (Congo) Zimbabwe
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