Why Open Policy?

In most instances, importers and exporters will benefit by taking
control of their own insurance coverage. You can tailor make
your insurance cover, negotiate the best rates, get full, automatic
coverage for every shipment and received prompt service through
your broker whenever a new shipment incurs, a claim is filed
or a question of coverage arises.
Consider
the benefits you could enjoy by effecting an Open Cargo Policy
through APRC with
the panel of world class underwriters: Thai Yasuda, CGU and
AIG.
1. A
policy tailored to your needs
With
an Open Policy the insuring terms and conditions are specifically
suited to your individual organization's requirements rather
than to the wide diversity of commodities and trades which
concern your suppliers or freight forwarders.
2. Potential
savings
You
may benefit from lower rates of insurance because of the fact
that all shipments are to be insured with the same underwriters.
As time passes by, should your experience be better than average,
you can expect reduction in insurance rates. The rates in
your Open Policy reflect the known hazards and experience
on your commodity as well as the experience you have in trading.
3. Automatic,
Comprehensive Coverage
As
long as your shipments fall within the pre-defined parameters
shown in the Open Policy, you will be fully protected. You
will be automatically covered by your Open Policy on each
and every shipment where you have an insurable interest. The
coverage starts the same time your risk commences.
Should
the insured omit to declare a shipment, the insurance protection
is still provided. This is dependent upon you rectifying such
omission as soon as it comes to your knowledge.
4.
Advance information
If
you take an Open Policy, your insurance costs are known from
the start. You know which rates apply to your shipments. This
means that you can make forward projections and budget more
accurately.
For more information, please
contact: Khun Wasana Sombuthom
Tel. 01-825-7528 E-mail Wasana@aprc-consultants.com
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