Ad Valorem Insurance
Benefit from compensation up to the real value of your goods, automatically and regardless of the cause of the damage suffered.
Ad Valorem Insurance
Whatever the mode of transport, goods are exposed to numerous risks (accidents, thefts, damage...) in the context of international transport. These risks can lead to supply chain delays and significant financial losses for businesses.
OVRSEA recommends Ad Valorem insurance which offers total compensation taking into account the value of your goods thus simple and fast procedure!
OVRSEA recommends Ad Valorem insurance which offers total compensation taking into account the value of your goods thus simple and fast procedure!
What is insurance Ad Valorem?
Ad Valorem insurance is insurance taken out for each transport that offers complete coverage, contrary to the limits of carrier liability provided for by law and international conventions.
Limits of carrier liability provided for by law or international conventions, according to their mode of transport
International route
8.33 SDR* per kilogram of gross weight of missing or damaged goods.
Aerial
22 SDR per kilogram of gross weight of missing or damaged goods (in addition to the damage/loss compensation).
Maritime
666.67 SDR per package/unit or 2 SDR per kilogram of gross weight of missing or damaged goods (whichever is greater).
Rail
17 SDRs per kilogram of gross weight of missing or damaged goods.
(*SDR: Special Drawing Right, international reserve asset based on a basket of international currencies. End of 2023, 1 SDR = 1.24€)
Benefits of insurance Ad Valorem
Ensure the real value of your goods
Unlike default insurance, which calculates compensation in the event of a claim based on the weight of your goods, Ad Valorem insurance offers compensation up to 110% of the real value of your goods, without applying a franchise!
A fast & easy service
Ad Valorem insurance guarantees automatic and rapid compensation, without requiring complex administrative procedures.
In addition, no deductible is applied, which guarantees full compensation.
In addition, no deductible is applied, which guarantees full compensation.
An all-risk insurance
Our Ad Valorem insurance offers comprehensive global coverage from collection to delivery, as part of Ovrsea's services.
Ad valorem insurance offers comprehensive compensation for all modes of transport, including in the event of force majeure events (see more details in our FAQ below).
Ad valorem insurance offers comprehensive compensation for all modes of transport, including in the event of force majeure events (see more details in our FAQ below).
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What is insurance Ad Valorem?
Example : A company exports by sea a container carrying goods worth €200,000, distributed in 25 packages weighing 5400 kg. The container has gone missing at sea.
(*SDR: Special Drawing Right, international reserve asset based on a basket of international currencies. End of 2023, 1 SDR = 1.24€)
To find out more about Ad Valorem insurance:
Contact us
 Shipping without insurance Ad Valorem |  Shipping with insurance Ad Valorem | |
|---|---|---|
| Compensation calculation | around €20,667 (25 × 666.67 × 1.24*) * 1 SDR = €1.24 Application of the carrier's liability limits provided for by law or international conventions | 110% × 200,000 = €220,000 |
| Franchise | €2,000 | 0€ |
| Final amount of compensation | approximately €18,666.7 (20,666.7 - 2,000) | 220,000€ |
FAQS
What is not covered by Ad Valorem insurance?
What is the cost of Ad Valorem insurance?
How do I take out Ad Valorem insurance?
Another question?
Contact us
What do our customers say
Read what our customers have to say about their successful shipping experiences.
In the stressful environment we found ourselves in, OVRSEA helped us to overcome our difficulties with ease. Their proactive team and platform really made the difference for us.
Melissa Süslü
Transport Manager at Le Coq Sportif
I love OVRSEA’s platform: it’s easy to find quotes, check prices, book the shipments and contact the team. It’s one of my favorite tools
Noreen Nezaj
VP Sales & Operations @WanderBeauty
The OVRSEA teams are very responsive and their information is always reliable.
Fanny M.
International Sales Manager
OVRSEA is a revolution in international freight transport.
Michel T.
Export Transport Manager
The OVRSEA method is the most efficient. This digitization gives us completeness of information, visibility into our business, responsiveness and a speed of action that was previously unknown.
Philippe Pessina
Global Supply Chain Director @ Seqens EDS
I've never been more in control of my exports than I have since working with OVRSEA.
Lorenza
L. Purchasing and Customer Service Manager, SMAC
"The support and reactivity of the OVRSEA teams are particularly appreciable: rapid communication on events that may occur, but also dedicated support and a team that listens."
Victoria Terentev
Sea Freight Coordinator, OROA GROUP
Nuxe and OVRSEA share the importance of quality customer service. We are working in the same direction and share these values.
Coralie Lecomte
Export Sales Administration Manager
Our American and Brazilian subsidiaries can follow the progress of goods in real time at the same time as we do at the headquarters. It's a real time saver and everything is more transparent.
Céline Saliot
Transportation and Warehouse Manager @ Grosfillex
The OVRSEA team is always reactive and adapts to our constraints to offer us the best solutions, even during period crisis. They are a reliable partner.
Benjamin Gasparini
Transport Coordinator @ Novasep
OVRSEA has had an immense impact on traceability and direct access to quality information.
Flore B.
Import Export Coordinator
OVRSEA has enabled us to gain greater precision and visibility in the management of our carbon footprint and transport operations. Thanks to the vision stock function, we have been able to increase forecast accuracy, which has led to an overall improvement.
Lucas Gaurichon
Procurement and Data Manager
Just like the platform which is ideal, reassuring and easy to access.
Mélanie Vinson
Product Manager
Everything is simple with OVRSEA, whether it's the quote request, validation, exchanges, even the billing and the quality of service is outstanding.
Damien Deligny
Demand and Supply Manager
With our previous commission agent, we felt a little left out as an SME. With OVRSEA, the attention, the reactivity and the quality of the interface are very considerable.
Cindy Laurent
Customer Service Manager Hong Kong & Middle East @ Cristalleries Saint-Louis
I am happy with this integration. When I think back to what it was like before, I realise that my mental load has lightened. Before I had to make sure everything was done properly, that nothing was forgotten... now it's less stressful and more instantaneous.
Felix Fabich
Senior Supply Chain Engineer at Cowboy
Avec OVRSEA, nos demandes de cotation et lancements de transports sont 2 à 3 fois plus rapides, c’est un gain de temps considérable pour nos équipes.
Vincent de Gaultier de Laguionie
P Manufacturing
OVRSEA offers a real advantage. The platform is easy to access and facilitates exchanges. The teams are always available for follow-up and advice, and are always available to find the best solutions.
Aliénor Crépin
International Transport & Logistics Manager
OVRSEA is a real partner who supports us on daily basis to ensure the goods in transit, thanks to its platform and team. We can count on them even during times of crisis.
David Monteiro
Logistics Coordinator
We were struggling to get visibility on our ETAs, ETDs that were constantly changing... We were missing the ability to communicate reliable information to our warehouses and OVRSEA was the pioneer that allowed us to work differently.
Lydie Mallet
Supply Chain and Operations Manager @Babymoov
OVRSEA is really the right tool for a company like CD Sud that needs to always be ahead of schedule.
Christelle Fuentes
Assistant Supply Manager @CD Sud
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