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If You Value Your Goods, Insure Them With Us!

Let us tell you about the insurance packages that are offered by Seven Seas Worldwide. Even if you choose not to take out insurance, you should have a look at this page just so you know your options. It won’t take long.

 

Total Loss Insurance

 

This is something that Seven Seas Worldwide automatically provides. It costs £100.00 (or equivalent currency in country of origin) for each box, suitcase or any other individually-packed items at a cost of £3.50 (or equivalent currency in country of origin) for each item.

 

This covers total loss of the box, suitcase or other individually-packed items, but it does not cover partial loss of them. Total Loss Insurance cover will incur an additional charge. It is company policy to recommend you take out this cover but if you’ve decided it’s not for you, you can opt out.

 

All Risk Insurance (Exclusions apply – Please refer to the Terms and Conditions)

 

How do I work out the insurance premium?

 

The insurance premium payable for cover is calculated at 5% of the replacement value of the items that have been inventoried in the shipment. The replacement value is the value that it would cost to buy a replacement of the item lost. The value if the items you are insuring should reflect the currency of the country where your belongings are currently based.

 

Below is a table of calculations. Use these as an example. There’s no maximum insurable value for any one box. The sterling pound sign we’ve used in the table is just an example! Remember to use the currency relevant to you.

Shipping insurance


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Take a look below for how to calculate the premium.

 


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There is a single limit of 25% for each category. Taking our example, if a single item of clothing is lost, then the maximum you can claim would be 25% of ‘Box 1’ - the clothes value is £150 which would equal £37.50. Example premium calculation – Take 5% of £385.00 = £19.25 (premium to pay).


Ensure that your personal items are insured for their full replacement value in the destination country. If you underinsure your items, we will automatically apply the term ‘average’. Here’s an example for you: An item is insured for GBP100.00 but the true value of the item is GBP200.00. So this means that the item is 50% underinsured. So the insurance company would only pay out GBP50.00 – 50% of the insured value.

Oh and one more thing: Damage. Damage to contents of a consignment is only covered if the items damaged have been packed by Seven Seas Worldwide, a reputable retailer (from whom the item was purchased) or if they were transported in their original packing.

 

You must make sure that your completed insurance form is sent to Seven Seas Worldwide and that payment has been made for the premium. Amendments to insurance after collection will mean an automatic ‘change insurance details’ charge. In the event of a claim, please contact our team straight away on the local freephone number as shown on our website. Or you can email insurance@sevenseasworldwide.com.

 

Every claim must be submitted within 30 days of receipt of consignment.