Shipping Insurance Policy

1. Coverage Overview:

  • This shipping insurance policy provides coverage for loss or damage to goods during transit from the point of origin to the final destination. If shipping/insurance is declined during the checkout process 1429128 B.C. Ltd dba “Mammoth Gold Nuggets” is not liable for any items or orders lost during the shipping process.

2. Coverage Period:

  • Coverage begins from the moment the goods are in the custody of the carrier and continues until delivery is completed.

3. Covered Events:

  • Loss or damage caused by accidents, theft, vandalism, fire, natural disasters, or any unforeseen circumstances beyond the control of the insured party.

4. Exclusions:

  • Loss or damage due to inherent product defects or inherent vice.
  • Losses arising from war, riots, strikes, or civil disturbances.
  • Consequential losses such as loss of profits or business interruption.

5. Coverage Limits:

  • ¬† ¬†Coverage limits are determined based on the declared value of the goods at the time of shipping. Rates are based on $2.50 CAD per $100 CAD of an order.

6. Claim Procedure:

  • In the event of loss or damage, the insured party must notify the insurer within 7 days of delivery.
  • A detailed description of the loss or damage, along with supporting documentation such as invoices, receipts, and photographs, must be provided to initiate the claims process.
  • Insurer reserves the right to inspect the damaged goods and may require additional information to process the claim.

7. Premiums and Payment:

  • Premiums are calculated based on the value of the goods being shipped and the level of coverage required.
  • Payment of premiums is due at the time of purchasing the insurance policy.

8. Termination of Coverage:

  • Coverage ceases upon delivery of the goods to the consignee in good condition.

9. Amendments:

  • This policy may be amended or modified in writing by mutual consent of both parties.

10. Contact Information:

11. Acknowledgment:

  • By purchasing this shipping insurance policy, the insured party acknowledges that they have read, understood, and agreed to the terms and conditions outlined herein.

This policy is effective as of March 2024 and shall remain in force until terminated in accordance with its terms.