Container insurance against total loss and damage

Our container insurance aims at increasing trust when doing business on xChange and has global coverage for total loss, constructive total loss, and mysterious disappearance. Container insurance can be added by the container user to any deal as and is billed monthly.

Total Loss InsuranceContainer Damage Insurance
What is insured?The empty containers on a global one-way move (no insolvency cases, no loss of profit).
What is covered?Total loss

  • Constructive total loss
  • General Average
  • Mysterious disappearance (deductible of 25%)
Total loss

  • Constructive total loss
  • General Average
  • Mysterious disappearance (deductible of 25%)

+ Any repairs between the deductible of 100 USD and the DRV value

How much does it cost?From 2,50 USD up to 4,10 USD per container for 60 days, depending on container type
  • From 12 USD to 140 USD per container for first 60 days, depending on container type
  • 60+ days on a daily rate between 0,21 USD up to 3 USD *Depending on container type
How long are my containers insured?
  • 60 days from pick up date
  • Gets automatically renewed by 60 days if equipment is not returned within insurance term (60 days)
  • 60 days from pick up date
  • Gets automatically renewed on a daily rate if the equipment is not returned within the insurance term (60 days)
What replacement values are covered by the insurance?From 2.150 USD up to 23.250 USD per containerFrom 2.150 USD up to 23.250 USD per container
Who pays the insurance fee?The container user always pays the container insurance fee.
What are the insurance billing terms?The costs will be billed monthly.

Claiming a total loss happens within the particular request or by reaching out to service@container-xchange.com, a surveyor will then be tasked with assessing the damage and accepting the claim. The users and his agents have to search for the missing container for 2 months. After 2 months, our appointed surveyor has to search for the missing container for 1 month. After this period a container is considered as lost and has to be paid by underwriters after deduction of a 25% deductible any container for Mysterious Disappearance.

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