Cargo insurance policies may vary in terms and conditions when it comes to protecting an exporter's cargo from a pirate hijacking. It is always wise for exporters to consult with their insurance agent or broker, the insurance company and legal counsel to insure proper policy terms and conditions.

Cargo aboard a ship that is attacked or hijacked by pirates may be at risk of damage. Most cargo policies will provide insurance for goods that are damaged as a result of the hijacking. Therefore, if containers are opened and sensitive electronics are exposed to moisture during the hijacking, the exporter's cargo insurance policy may provide coverage.

However, it is unlikely that a cargo policy will cover the loss if it is due to a delay and the goods are not damaged. Therefore, seasonal goods that arrive after the fact due to a hijacking could end up being the exporter's headache.