EXW value—
Freight and other costs—
Insurance premium—
Goods and freight—
Uplift 10% — expected profit—
Insured value—
Rating factors
Base rate (—)—
Region—
Cargo—
Transport unit—
Packing—
Condition—
Incoterm—
Estimated premium
—
Fill in the values to see the rate
What the premium is charged on
You do not insure boxes, you insure euros. The underwriter takes on an amount
of money and charges a percentage of it. How many packages there are only
matters on the day some of them break and the loss has to be apportioned.
Three containers instead of one does not raise the premium — three times
the declared value does. Quantity belongs to the claim; value belongs to
the rate.
Training simulator. This estimate mirrors the TTCircle underwriting
model used in the Port Virtual Lab. The binding figure is the one on the quotation
email you receive after submitting.