When you’re transporting goods, it’s essential to protect yourself against the risks associated with this process. Insurance Ad Valorem is an option that guarantees full compensation in the event of damage, loss or breakage during transport.
Here’s a complete guide to understanding this insurance, its benefits and how it works.
What is Ad Valorem insurance? 🤔
Insurance Ad Valorem Ad Valorem insurance is specific coverage that applies to the declared value of goods. Unlike conventional insurance policies, which pay compensation on a flat-rate basis according to the weight of the goods, Ad Valorem insurance covers the value of the goods. actual value of the goods carried, as declared in the contract.
In concrete terms, it allows you to :
- Protect the contents of your shipments, whether finished products, raw materials or important documents.
- Ensure full compensation in the event of loss or damage, according to the declared value.
When is it needed? 📦🔒
Ad Valorem insurance is recommended when :
- Your goods have a high value for example, electronic equipment, works of art, industrial machinery.
- You transport fragile products such as glassware, precision instruments or medicines.
- Transport involves high risks when shipping to remote geographical areas, where infrastructures are less reliable.
- Standard transport contracts do not offer sufficient coverage for example, when the compensation per kilogram does not correspond to the real value of your goods.
What are the advantages of Ad Valorem insurance? ✅
There are several major advantages to taking out Ad Valorem insurance:
- Full coverage The value declared before transport is used as the basis for calculating compensation. So you’re 100% protected.
- Serenity You’re insured against various risks (theft, breakage, loss), so you can transport your goods with greater peace of mind.
- Flexibility This insurance applies to both domestic and international shipments.
- Contractual protection: you are protected against frequent disputes between carriers and customers, in the event of non-compliance with transport conditions.
The amount of compensation with and without Ad Valorem insurance 💸
Without Ad Valorem insurance 🚫
If you don’t take out this insurance, compensation will be calculated according to transport agreements, often based on the weight of the goods. This can mean little compensation if your goods are light but valuable.
- National road transport (France) approx. 20 to 30 €/kg.
- International road transport (CMR Convention) Approx. 8.33 SDR/kg
With Ad Valorem insurance 🛡️
Compensation will be based on the declared value of your goods, with no weight limit. For example, for goods declared at €50,000, you will be indemnified for 50 000 € in the event of total loss or damage.
Practical information 🛠️
How do I take out Ad Valorem insurance?
Ad Valorem insurance can be activated on Goëvia Onlineyour carrier’s transport reservation platform. You’ll be able to activate it with a single click, and find out the amount instantly. And the benefits don’t stop there. save time booking transportation, benefit from real-time tracking, or find all your documents at the click of a button.
Compensation payment deadlines ⏳
Compensation periods vary according to the type of transport and the agreements in force:
- Road transport (France) 2 to 3 months after complete claim.
- International road transport (CMR Convention) up to 60 days.
- Sea and air transport : delays can be up to 6 months depending on the agreement.
Who pays compensation? 🏦
Compensation is generally paid by :
- The carrierif he is responsible for the damage.
- L’insurerif Ad Valorem insurance has been taken out.
How do I make a claim? 📝
- Send a claim to the carrier or insurer.
- Provide the necessary delivery note, invoices, consignment note, etc.
- Follow the legal deadlines to obtain payment.
Taking out Ad Valorem insurance for the transportation of goods guarantees you optimum optimal protection in the event of a problem. Whether for national or international transport, this cover ensures that you are compensated for the value of your goods, providing you with peace of mind and security throughout the entire process.
Think about it : depending on the value of your goods and the risks involved, this insurance could prove essential to safeguard your interests and avoid unpleasant surprises. 😌
