The proportion of insurance costs in the export fees of refrigeration equipment trade is usually relatively small, generally around 0.1% - 0.3%. However, this proportion is not absolute and will be affected by various factors such as the mode of transportation, the value of the goods, the destination, the insurance terms, and the market supply and demand.
If sea transportation is chosen, due to the relatively long transportation time and relatively high risks, the insurance premium rate may be at the higher end of the above range; while air transportation is fast, and the goods are exposed to risks for a shorter time during transportation, so the insurance premium rate may be slightly lower. If the value of the refrigeration equipment is high, the insurance company may appropriately adjust the premium rate when assessing the risks.
The political stability, public security situation of the destination, as well as the frequency of local natural disasters, etc., will also have an impact on the proportion of insurance costs.
In addition, different insurance terms cover different scopes and liabilities. The proportion of insurance costs corresponding to comprehensive insurance terms will be relatively higher. When the supply of the insurance market exceeds the demand, the proportion of insurance costs may decline, and vice versa.
