CMR insurance: what is it and how does it benefit the customer?
Car transport in Europe is covered by CMR insurance. CMR insurance is necessary when the car is transported by international roads. This measure protects both carriers and customers from financial losses due to cargo loss, damage or other transportation-related incidents. By understanding the importance of CMR insurance, you will be able to avoid unplanned expenses and ensure the safe transportation of goods.
What is CMR insurance?
CMR insurance is liability insurance for freight carriers (including car haulage companies) who transport goods under the CMR Convention (Contract for the International Carriage of Goods by Road). This insurance covers the carrier’s liability for cargo loss, damage or delay while transporting goods on European and international routes.
What are the benefits of CMR insurance for the client?
Financial protection. CMR insurance protects against significant financial losses if cargo is damaged or lost during transit. Even when the value of the car is high, the insurance will cover the liability of the carrier, ensuring that the customer does not lose the value of the cargo.
Legal security. The CMR insurance is international in accordance with the CMR Convention, so the customer can be sure that the insurance is valid in different countries and legal jurisdictions. This is important when goods are transported through several countries, as it prevents possible misunderstandings between different legal systems.
Reliability and peace of mind. Car carriers with CMR insurance are protected against unexpected financial losses and their customers can be sure that their cargo is protected during the entire transport. This gives you peace of mind and allows you to focus on other business processes, as you don’t have to worry about potential losses.
CMR insurance is necessary in all cases where car transportation is carried out on international roads. This is important both for business entities that export cars and for companies that import cars from other countries. Insurance covers not only the transportation of the car, but also protection against unforeseen situations that may occur during transportation.
Who needs additional CMR insurance?
If you need sports, luxury, new, vintage, retro and high value cars transportation service, additional extended CMR insurance is also possible, which insures the cargo for an additional amount.
In conclusion, CMR insurance is a necessary protection for both carriers whose main activity is the transport of machinery in Europe and for shippers, ensuring financial and legal security in international freight transport. By choosing a carrier that has the right CMR insurance, you can be sure that your cargo will be protected against various risks and possible losses will be minimal.