Are air cargo shipments generally insurable under marine open cargo policies?

Air cargo shipments are generally insurable under marine open cargo policies because these policies are designed to provide comprehensive coverage for goods transported over water and, by extension, other modes of transportation, including air. This flexibility is essential for businesses engaged in international trade, as it allows them to protect their interests when goods are in transit, regardless of the shipping method.

Marine open cargo policies typically cover a wide range of perils that can occur during transportation, such as theft, loss, or damage, which makes them suitable for insuring air cargo. These policies offer broad coverage and are built to accommodate the different risks associated with various shipping methods, which is why almost all air cargo shipments can be insured under such policies.

Understanding the insurability of air cargo under marine open cargo policies is critical for exporters to mitigate risks and ensure their shipments are financially protected during transit.