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Insurance Costs 1 replies,743 views

#1
I am puzzled about the insurance cost per item some companies are charging for their products.  I was in the market for MLB fitted caps and found them at a cheap price but the company wanted to charge insurance at $7.50 per hat.  Is this standard. 



#2
Re: Insurance Costs
Insurance cost vary due to nature of cargo, duration of transit, from / to places and many other risk involved.
Normally it is charged certain percentage on the value of goods. (Example: 0.1% of Invoice value).

We normally pay 0.05 to 0.1% premium for insurance for agri-commodities. Not sure about premium of your product.

You can do this way:
If you find cheap insurance at your place; buy at CNF instead of CIF and take insurance cover your self.

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