What Are the Key Differences Between AIG and Chubb Cargo and Transit Insurance?
Transit and Storage Scope
AIG names importers, exporters, manufacturers, wholesalers, and distributors and lists containerized, bulk, and project cargo. Chubb describes international ocean and air transit, domestic U.S. and Canadian movements, foreign inland legs, and domestic or foreign warehousing. Chubb also names barge and connecting-conveyance movement. For a shipment with multiple stops, compare the exact route and storage schedule against each proposed policy. [1] [4]
Risk Engineering and Claims Support
AIG lists route, conveyance, packaging, and security consultations and claims support. Chubb says nearly 400 risk engineers work globally on cargo exposures and provides a Risk Engineering Center for loss-prevention education. Ask which service is available to your account and who receives notice of a loss; the service descriptions do not themselves establish how a claim will be adjusted. [1] [4]
What Should You Confirm in AIG and Chubb Cargo and Transit Insurance Quotes?
- Ask Chubb to map each domestic and foreign transit and warehouse leg; ask AIG which category covers the same movements. [1] [4]
- Request Chubb’s applicable war and strikes terms and AIG’s policy wording for the specific route. [1] [4]
- Confirm risk-engineering access, claims contacts, deductibles, and limits for the proposed shipment. [1] [4]