The deductible is determined by the declared value for coverage. In the event of a damaged/or lost shipment resulting in a claim.
A scalable deductible model will be included on all insured shipments. Rather than basing the deductible on the freight value, it is calculated based on the value of any approved claim. This change provides a more balanced and equitable approach to managing potential losses.
The deductibles have a modest increase from 10% to 12.5% and will only apply should you have a damaged/lost shipment. The deductible will be applied to the amount of any approved claim and may not be the full amount displayed on the purchased certificate.