Container Insurance

Container Insurance is a special form of cargo transport insurance that specifically covers the container itself against loss or damage during transportation, loading/unloading, and storage caused by natural disasters, accidents (such as collision, overturning, fire), or external causes (such as theft, non-delivery). It differs from ordinary Cargo Insurance, which covers the goods inside the container, whereas Container Insurance covers the value of the container as transport equipment. It is commonly used by container leasing companies, shipping companies, or cargo owners with their own containers for cross-border transport. Notes: The insured amount (usually based on the container's replacement value), coverage scope (whether war and strike risks are included), deductible, and insurance period (often 'warehouse to warehouse' but may be limited to the container's period of use) must be clearly defined. The difference from 'Container Cargo Insurance' is that the former insures the container body, while the latter insures the cargo inside; if both are damaged, separate insurance is required. Additionally, Container Insurance may not cover normal wear and tear or inherent defects.