PAF Insurance Rates: Exposed

Most people when they go online and compare, they really have no concept of what they are comparing when it comes to shipping insurance. Take PAF Insurance for example. They list rates based of basic coverage. There is no such thing in the insurance industry which is the first marker on their scam. Here are the real rates US shipments. You decide if this is really worth the extra money versus a  insurance search engine

Minimum Charges:

TOTAL LOSS Coverage BASIC Coverage ALL RISK Coverage
There is a $45.00 Minimum charge for a Total Loss policy. There is a $50.00 Minimum charge for a basic risk policy. There is a $90.00 minimum charge for an All Risk policy.

 

COMMODITY CATEGORY LAND OCEAN AIR
General Merchandise $1.35 $1.40 $1.40
New or Used Machinery $1.35 $1.40 $1.40
Household Goods $2.50 $2.83 $2.83
Fragile Goods $3.74 $3.30 $3.30
Computers/Electronics $2.05 $2.30 $2.30
Fine Arts $2.50 $2.83 $2.83
Motorcycles & Autos $1.60 $1.80 $1.80
Precision Instruments $2.05 $2.30 $2.30
Chemicals/Hazardous Mat. $1.45 $1.60 $1.60
Steel Sheets, Coils & Bars $1.93 $2.30 $2.30
Branded Goods $1.40 $1.50 $1.50
Non Perishable Food $1.35 $1.30 $1.30
Bottled Beverages $1.40 $1.50 $1.50
Bottled Products/non beverage $1.35 $1.30 $1.30
Frozen Foods (excluding meat) $2.10 $2.40 $2.40
Frozen Meats $2.20 $2.50 $2.50
Yachts $1.75 $1.95 $1.95
Jewelry (all types) 5.00 for all risk $3.80 $3.80 $3.80