What does freight insurance mean?

freight insurance: return (in-sale) freight insurance is a kind of freight insurance, which can be divided into two categories: return freight insurance (buyer) and return freight insurance (seller). After a successful transaction, the freight insurance will automatically expire. Generally, the freight insurance is between 1 yuan and 25 yuan, and it is calculated according to the distance and the weight of the goods.

In the era of online shopping, postage has become a major bottleneck in the development of e-commerce, which restricts the cost of online merchants. In online shopping, there have always been disputes or concerns about who will bear the freight when returning goods. In the current refund transaction disputes, 42% are caused by the disagreement between buyers and sellers on the postage for returning goods, which adds a lot of unnecessary troubles to the after-sales problem. After six months of investigation and analysis, Huatai Insurance launched a special insurance product for online transactions: return freight insurance. On November 9, 21, it officially landed on Taobao for sale.