What is Freight Insurance?

Freight Insurance is a type of insurance that secures the risks of damage, loss, or delay that goods may encounter during the transportation process. The term “Freight” (Navlun) refers to the transportation fee paid to move a good from one place to another. Therefore, Freight Insurance is valid not only for sea transportation but also for road, air, and rail transport. Panacea Insurance supports the sustainability of trade by providing assurance at every stage of transportation.

Scope of Freight Insurance

Today, transportation is carried out through various methods such as road, air, sea, and rail. Each brings different risks. Freight Insurance offers coverage for all of these risks. Physical damages that may occur during the transport of loads, damages resulting from accidents, or losses caused by natural disasters are secured under this policy.

• Accident and overturning incidents occurring during transportation,
• Damages arising from fire, explosion, or natural disasters,
• Damages that may occur during loading, unloading, or transfer,
• Sea, air, road, and rail accidents,
• Total or partial loss of the load.

The Freight Insurance offered by Panacea Insurance covers all modalities of transportation (multimodal). Thus, the goods are under guarantee at every step of the transport process.

Who is it Suitable For?

Freight Insurance is suitable for all businesses engaged in import and export, especially firms operating in the transportation and logistics sector. Manufacturers, distributors, e-commerce companies, and all organizations providing transportation services minimize their operational risks with this policy. Panacea Insurance offers customized policies according to the scale of the businesses and the type of transport.

How Does Freight Insurance Work?

1. After the transportation plan is created, the value of the goods to be transported and the route information are determined.
2. Panacea Insurance issues the appropriate policy based on the risk analysis.
3. Any damage that may occur during the transportation process is under insurance coverage.
4. In the event of damage, the compensation process is initiated quickly.

Thanks to this structure, transportation operations continue uninterrupted, and firms take precautions against potential losses.

Types of Freight Insurance

There are different insurance options depending on the nature of the transported goods, the route, and the type of transport. The main types of Freight Insurance offered by Panacea Insurance are as follows:

• Sea Freight Insurance: Ensures protection of the load against damage and loss in transport carried out by ships.
• Road Freight Insurance: Secures potential accident and overturning risks in truck and lorry transportation.
• Air Freight Insurance: Steps in in case of delay or damage to loads in air transport.
• Rail Freight Insurance: Provides protection against potential accidents or load losses in transport carried out by train.
• Combined (Multimodal) Freight Insurance: Offers holistic guarantee in shipments involving more than one type of transport.

Advantages

• Coverage opportunity valid in all transportation types,
• Fast compensation process in case of damage,
• Full compliance with legal requirements,
• Prevention of financial losses,
• Strong customer support from Panacea Insurance.

Panacea Insurance offers businesses a secure insurance experience in national and international transportation. Regardless of the mode of your transport process, your goods are always safe.

Legal Basis and Standards

All Freight Insurance policies are issued according to the principles determined by the Insurance Association of Türkiye (TSB) and the Insurance and Private Pension Regulation and Supervision Agency (SEDDK). Panacea Insurance ensures full compliance with these standards in all its processes.

Panacea: The Guarantee in All Transportation Types

Regardless of whether it is by road, air, sea, or rail, every transportation process involves certain risks. With Freight Insurance, you can protect your goods against these risks and continue your commercial operations with confidence. Get a quote today with Panacea Insurance and achieve peace of mind in transportation.