Whatever the mode of transport, goods are exposed to numerous risks (accidents, theft, damage...) during international transportation. These risks can lead to delays in the supply chain and consequent financial losses for companies.
OVRSEA recommends Ad Valorem insurance which offers a full compensation based on the value of your goods along with a quick and easy process!
Ad Valorem insurance is an insurance policy purchased for each transportation, which provides full coverage, as opposed to the limits of the carrier’s liability under law or international conventions.
(*SDR: Special Drawing Right, an international reserve asset based on a pool of international currencies. At the end of 2023, 1 SDR = €1.24)
Unlike the default insurance, which calculates compensation based on the weight of your goods, Ad Valorem insurance offers a compensation up to 110% of the actual value of your items, without any deductible!
Our all-risks insurance ensures automatic and quick compensation without the need for complicated administrative procedures. Furthermore, with Ad Valorem insurance there is no deductible applied, which ensures a comprehensive compensation.
Our Ad Valorem insurance offers a worldwide coverage from pick up to delivery, within the scope of Ovrsea. The insurance offers full compensation for all modes of transportation, including force majeure events (see more details in our FAQ below).
A company exports by sea a container carrying goods worth €200,000, distributed in 25 packages weighing 5400 kg. The container has gone missing at sea.
To find out more about Ad valorem insurance, contact us directly