Warehouse Insurance and Security Measures

Three things: the limit, the scope and the deductible. The policy limit should cover the highest value of goods that can be in the warehouse at one time; the scope should include flooding, theft, handling damage and earthquake as well as fire; and the per-claim deductible should not render the policy useless for small but frequent losses.

By customs supervision and by physical measures. A bonded warehouse is under the supervision of the customs administration, entries and exits require permission and the area can be sealed; on top of that there is camera recording, lighting, perimeter security and a fire suppression system.

You can; we share the policy together with its limit at the pre-contract meeting. If you tell us the value of your cargo, we will assess together whether the limit is sufficient for you.

The deductible is the amount the insured bears on each claim. A policy with a high deductible never comes into play for small but frequent losses; that is why the deductible should be asked about as much as the limit.

You can; as the owner of the goods you may arrange your own policy. In that case it is worth checking together before signing whether the scope of the two policies overlaps.

It guarantees that the area has not been opened without the administration's permission. In a bonded warehouse entries and exits require permission; the seal is the physical counterpart of that regime.

First ask for the warehouse's certificate for its special fire and protection arrangement. The regulations require flammable and combustible materials to be stored only in warehouses where such an arrangement is in place; without the certificate, the insurance also becomes disputable in the event of damage.

The situation is established in a written report, photographed, and the insurance process is started. Because the condition of the packaging is recorded on entry, when the damage occurred does not remain open to dispute.