Land Insurance

Customer-managed land insurance refers to transport insurance taken out by the seller or buyer for goods during international land transportation in foreign trade. It covers cargo loss or damage caused by natural disasters, accidents, and other perils during road, rail, and inland waterway transport. Use cases include: under trade terms such as FCA, CPT, and CIP, clarifying who is responsible for insurance; or when the customer requests the seller to arrange land insurance on their behalf. Precautions: confirm the insurance period (warehouse to warehouse), deductible, insured markup rate (usually 110%), coverage types (such as Land All Risks, Land Risk), and claim time limit. The difference from marine insurance lies in the applicable mode of transport, and land transport risks may include collision, overturning, tunnel accidents, etc. Combined with 'customer management,' it emphasizes customizing policies, managing premiums, and handling claims according to customer needs. In practice, avoid underinsurance or wrong coverage, and ensure the policy is consistent with the bill of lading and invoice information.