Container Transportation Insurance in Quebec

What Affects the Cost of Container Insurance

The cost of shipping container insurance depends on your unique business profile. Due to the recent high claim ratio in Cargo Containers, costs for cargo insurance have gone up. They usually cost 5% more than the general freight transported in Dry Van Trailers.

1. Driver History — Experienced, claim-free drivers reduce risk.
2. Equipment Value — Well-maintained trucks and trailers lower premiums.
3. Type of Cargo — Hazardous or high-value goods increase costs compared to standard freight.
4. Routes and Distances — Cross-border or long-haul trips may require higher limits.
5. Storage and Warehousing — Additional coverage may be required for containers stored at terminals or warehouses.
6. Safety Programs — Strong compliance and safety records can reduce rates.

Documents Required for Settlement

When a claim occurs — whether due to theft, collision, warehouse fire, or container damage during transit — insurers require proper documentation to process claims efficiently. Commonly needed documents include:

• Active insurance policy documents.
• Bill of Lading (BOL): Identifying the cargo in transit.
• Commercial invoice and packing list as proof of cargo value.
• Photos or surveyor reports documenting the damage or loss.
• Police or accident reports in cases of theft or major incidents.
• Warehouse receipts if the damage occurred during storage.
• Driver statements and logbooks to verify details of the trip.

Qubit's claims team provides hands-on guidance to ensure you submit everything correctly, so settlements are processed quickly and fairly

Real Situations Where Container Insurance Helps

• A container truck is involved in a highway collision; cargo insurance covers damages to both the truck and the container contents.
• Containers stored at a warehouse catch fire; your freight insurance in Canada policy covers client cargo.
• A container is stolen at a rest stop; physical damage and cargo coverage pay for the loss.
• A logistics company requires higher liability limits before awarding a contract; Qubit arranges the upgrade quickly, subject to underwriting approval.
• A train derailment damages containers in transit; cargo liability ensures compensation for the destroyed goods.
• Severe flooding at a port damages multiple shipping containers; extended coverage pays for losses so your clients are not left unprotected.

These examples show why standard fleet coverage is not enough and why tailored shipping container insurance is essential.