Yes, Next Flight Out (NFO) shipments can be insured for higher value or critical items. When it comes to transporting high-value goods within tight timeframes, insurance becomes crucial to mitigate the risks involved. Insurance options are available to cover the value of such shipments and provide financial protection in case of theft, damage, loss, or any unforeseen circumstances.
Typically, there are two main insurance options for next flight out shipments:
1. Standard Cargo Insurance: This type of insurance covers the goods based on their declared value. It provides coverage from the moment the goods are handed over to the carrier until they reach their final destination. The coverage amount can be customized based on the value of the goods being transported. However, it is important to note that some high-value goods might require additional disclosure or approval from the insurance provider to ensure appropriate coverage.
2. All-Risk Cargo Insurance: This is a more comprehensive insurance option that covers a broader range of risks. It provides coverage for accidental damage, theft, loss, and other unforeseen events that may occur during the transportation process. All-risk cargo insurance is usually more expensive than standard cargo insurance due to its broader coverage.
It is essential to carefully evaluate the insurance options and choose the most suitable coverage based on the value and criticality of the items being transported. Working closely with an insurance provider or an experienced logistics partner can help ensure adequate protection for high-value goods during NFO shipments.