Cargo Insurance - Sum Insured 110%

stebre

New Member
1
Good morning,

I'm pretty new to insurance and some things are still not completely clear to me. Maybe one (or more) of you could help out with the following:

Cargo insurance's sum insured is usually 110% of the good's value. What are the additional 10% for? What is covered by these 10%?

I would really appreciate your inputs...

Thanks & regards,
Stefan
 
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