Glossary
What is Insured value?
The amount a cargo insurance policy agrees to pay out on, commonly the shipment's invoice value plus a margin such as 10% to cover freight, duty and lost profit, though the exact basis is set by the policy itself.
This term in other languages
| Arabic | القيمة المؤمَّن عليها |
|---|---|
| French | Valeur assurée |
| Turkish | Sigortalı değer |
Learn it in the lesson
What cargo insurance covers and why FOB and CIF shift who buys it
Related terms from the same lesson
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