What is the limit for filing cargo loss claims according to insurance policies?

The correct response identifies a common standard in insurance policies regarding the filing of cargo loss claims. Generally, many insurance policies stipulate a timeframe of one year from the date of loss or delivery within which a claim must be submitted. This timeframe allows for an adequate period to assess and compile necessary documentation to support the claim, ensuring that the policyholder has the opportunity to address any discrepancies or losses in a timely manner.

If a policyholder misses this one-year window, they may forfeit their right to claim compensation for their losses, as the insurance policy might impose strict deadlines to encourage prompt reporting and investigation of claims. Timeliness in claims submission is crucial not only for protecting the insurer's interests but also for the efficient resolution of claims.

Other possible answers do not align with this typical industry standard. For example, a six-month limit may be too short, and neither two nor three years aligns with the standard practice for cargo loss claims. Such extended timeframes could unnecessarily complicate the claims process and make it more difficult for insurers to validate and investigate claims effectively.