About the Service
Railway transport insurance protects rolling stock and railway infrastructure against losses arising from the operation of locomotives, railway carriages and track infrastructure.
Purpose of Cover
- Protection of the value of rolling stock against loss or damage
- Coverage of the carrier’s liability to cargo owners and third parties
Insured Events
- Loss of, damage to or theft of rolling stock, including locomotives and railway carriages, resulting from derailment, collision, fire, natural hazards or malicious acts by third parties
- Claims for compensation arising from loss of or damage to cargo, bodily injury, loss of life or damage to third-party property during transportation
Scope of Indemnity
Includes, but is not limited to:- Repair or replacement costs for rolling stock
- The value of lost or damaged cargo
- Compensation payable to affected third parties
- Emergency response and recovery expenses
