[Jameelka]

Hi, we have just had the quote through from Pickfords re the insurenace to ship our container over at £1600 pounds Uk to NZ. Any one had similar issues and found cheaper ( or cost effective I should say!!) any where??
Pickfords in next week, so need to organise PDQ!
Thanks

[marcia]

If you do a search for shipping insurance I'm sure there will be a thread about it - but a lot of people seemed to have used a company called Letton Percival.

[zardell]

Yes, I believe Letton Percivals only charge 1.5% - worth looking into.

Another tip that someone gave me was this - don't insure the items that are easily and cheaply replaced i.e kitchen wares (plates/cutlery) etc., some kiddies toys/games and such, as it may cost more to insure them than to replace them.

Now I have to say, I haven't sat down and worked it all out from the itinerary, so I don't know if its viable yet - that my next job !!

Julie

xx

[Milliemoo]

Yes, I believe Letton Percivals only charge 1.5% - worth looking into.

Another tip that someone gave me was this - don't insure the items that are easily and cheaply replaced i.e kitchen wares (plates/cutlery) etc., some kiddies toys/games and such, as it may cost more to insure them than to replace them.

Now I have to say, I haven't sat down and worked it all out from the itinerary, so I don't know if its viable yet - that my next job !!

Julie

xx

Hi,

Be carefull about 'under insuring' your container. It's my understanding that it's not just a case of picking and choosing what items you want to insure.

If for example you had a container full of stuff and it was valued at £50k, but you only insured it to a value of £25k, if you had to make a claim (for a broken fridge freezer or something) you'd only be re-imburssed for 50% of the value.

I guess the insurance company just compare their intinery with that of the shippers and if they don't tally or it looks like it's been under valued, you could be in bother.

Not sure if I've explained that very well :o

Milliemoo

[Jameelka]

Thanks all, looking into the Letton percival option

[zardell]

Hi,

Be carefull about 'under insuring' your container. It's my understanding that it's not just a case of picking and choosing what items you want to insure.

If for example you had a container full of stuff and it was valued at £50k, but you only insured it to a value of £25k, if you had to make a claim (for a broken fridge freezer or something) you'd only be re-imburssed for 50% of the value.

I guess the insurance company just compare their intinery with that of the shippers and if they don't tally or it looks like it's been under valued, you could be in bother.

Not sure if I've explained that very well :o


Milliemoo



Mmmm - Cheers for that Milliemoo.

Much more research needed on my part.

Julie

xx

[Paul & Rach]

Great post - I called Letton Percivals and saved 1.5% on what I intended to do... may be saved £300. !!!!

There is an additional special charge for a plasma TV - an extra £100 to insure that alone.

Thanks for the info guys !!!

[D&L+dog]

We are going through the insurance thing at the moment. Shipping with Crown and decided that the incidentials (cheap crockery, linen etc) weren't worth putting down as if broken easily are cheaply replaced, also a lot of our stuff is rather old. We just listed that which was worth something and if got broken I would want to replace. Also decided on a fair amount for the whole lot at just over £10k (container not full) so if there was full loss we would be happy with that amount to replace the lot. Thought this would be OK, sent off all the paperwork earlier in the week and then had a call from Crown saying that they thought we were underinsured and that if we did have a full loss the insurance would only pay out about 50% as we were under insured. Argued with her about this saying what they don't know is in there they won't know is lost and then she reminded me that Crown do a packing inventory that goes with the insurance docs so there is no getting away with it. Told her if I valued and insured the whole lot it was going to be about £15-20k plus the insurance of £500+ and just getting too pricey. She has come back to me with a few options including increasing the insured amount and dropping the insurance % and also keeping our selective insurance and uping the % by 0.2%. Shows they are flexible. Told them I was going to look into independent insurance and she was ready to jump through hoops for us (they had already dropped their shipping quote by nearly £500 when we told them their competitors price). Will probably go with the second option as only will cost us about £20 more than what we had planned.
Though, I think I will call that independent firm on Monday and see what the story is though - £300 saving is $900 NZ and a lot of cash!
Lynne

[zardell]

Excellent post Lynne - Thanks.

Julie

xx

[mossum]

Hi all

we are shipping with JM in 16 days !!! we are only insuring certain items also - & to the value of £11500 If it happens it happens ! It's costing us £ 346.50 for this & we are happy enough .

If its going to fall off - it will - although I'm assured the full containers go on the bottom & empty ones on the top corners - something about ballast ....


vic x

[Havana]

Some very good points on insurance and it can be a minefield. Each policy is different and you need to check them carefully. The under insuring and selective insuring are very good points and can happen. You need to remember that most policy's will be new for old so in theory you should be insuring what it will cost to replace the item new, not what is worth now and also in your destination currency which can be difficult. If you go for a cheap insurance outside of the removal companies you need to check you are getting the same cover and individual items are covered. It sometimes sounds a lot but I think it is worth paying the extra to cover yourself properly in the event of a claim.

[Ria]

Just had Anglo-Pacific to quote today. He suggested only insuring big items (furniture, electricals) and leaving the rest. Specifically asked him about the 'under-insurance' risk and he said you itemise exactly what you want covered and how much you value it and they will insure just that. Said they'd never lost a whole container yet! (I did ask about those rubber ducks that have been circum-navigating the globe!!! but he assured me it wasn't one of theirs.) This was offered through their insurance and it was 'all risks - start to finish'. He said premium would be 3% of value. Will post next week once get quotes in.