WPA (With Particular Average)

With Particular Average (WPA) is one of the basic types of coverage in marine cargo transportation insurance, with a scope of coverage between Free from Particular Average (FPA) and All Risks. Its core meaning is: in addition to covering all the liabilities of FPA, it also covers compensation for particular average caused by natural disasters (such as severe weather, lightning, tsunami, earthquake, flood, etc.). It is commonly used in trade where goods are exposed to a higher risk of seawater intrusion or damage from fresh water and rain, such as steel, paper, and grain. Points to note: WPA does not cover general external risks (such as theft, non-delivery, fresh water rain damage, etc.). If coverage for these risks is required, general additional risks must be insured separately. The difference from FPA is that WPA also compensates for particular average caused by natural disasters, while FPA does not; the difference from All Risks is that WPA does not cover general external risks. Therefore, when insuring, a reasonable choice should be made based on the characteristics of the goods, the risks of the route, and customer requirements.