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Universal Logistics Inc.
125 Commerce Valley Dr. W., Suite 750
Thornhill, Ontario L3T 7W4
Telephone: (905) 882-4880
Fax: (905) 882-2250
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Tip #14 – Don't just insure the value of the goods
When insuring your freight, you are fully entitled to value your goods at a price above the base cost. Valuation of goods may include all freight charges, related costs, plus 10% (or more) to cover the administrative burden of processing a claim and to cover the insured's profit. Since duty is still payable on damaged goods, make sure you insure the amount of duty as well.
