What is the lowest type of coverage typically available from marine cargo insurers?

The lowest type of coverage typically available from marine cargo insurers is referred to as "Free of Particular Average" (F.P.A.). This type of insurance is designed to provide limited coverage, meaning it protects against losses due to specified risks rather than covering all potential risks. Unlike more comprehensive policies, F.P.A. generally does not cover partial losses unless there is a total loss of the entire shipment.

This type of coverage is often chosen for shipments that are not highly valuable or where the cargo is considered to have a low risk of loss or damage. The policyholder is still responsible for certain risks, which makes it a cost-effective option for those who wish to insure against larger, more significant losses while accepting the risk of minor damages or losses.

In contrast, full coverage or all risk coverage provides a much broader range of protection, including damage or loss due to most causes, making them higher-tier options compared to F.P.A. Similarly, sender's liability is more focused on the responsibilities and obligations of the sender rather than the cargo itself, and does not imply a type of coverage directly comparable to marine cargo insurance types.