pilferage

(shipping/insurance) (a) The loss of part of the contents of a shipping package to petty thievery, rather than the loss of the shipment as a whole. (b) The loss of goods due to steady theft in small amounts.
Many ordinary marine insurance policies do not cover against pilferage. When this coverage is desired, it must be added to the policy.

Was this article helpful?

Related Articles

Need Support?

Can't find the answer you're looking for?
Contact Support