Our container insurance aims at reducing risk and liability when doing one-ways on xChange and offers comprehensive coverage for (actual) total loss, constructive total loss, general average and mysterious disappearance. Container insurance can be added to any deal and will be billed monthly in the users’ xChange wallet.
|Total Loss Insurance||Container Damage Insurance|
|What is insured?||Comprehensive coverage for container equipment on a global one-way move. Note that exclusions apply (including but not limited to e.g., insolvency of the lessee).|
|What is covered?||Total loss
+ new impact damages starting from a deductible of USD 50. Total Loss is declared if the repairs are equal or higher than the DRV.
|How much does it cost?||From 2,50 USD up to 4,10 USD per container for 60 days, depending on container type||
|How long are my containers insured?||
|What replacement values are covered by the insurance?||From 2.150 USD up to 23.250 USD per container||From 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 email@example.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.