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Transit Insurance

Transit Insurance is important to protect shipment of goods from one place to another. It caters to the damage or loss caused to the goods that are sent in transit by the insurer. It is a safe way of covering the risk arising due to the loss. The cost of the premium is based on the goods in transit and the risk the policy bearer is holding during that policy term.

Types of Transit Insurance:

Single Transit

  • Customized Plan
  • Overnight Vehicles Insurance Policy
  • Open Policy
  • Goods-in-transit through third-party carrier cover
  • Goods-in-transit through own carrier cover
  • Cover for multiple vehicles

Benefits of Having a Transit Insurance Policy:

  • Transit insurance offers global standard coverage. It means that internationally recognized clauses are covered.
  • The policy can be issued online immediately.
  • Transit Insurance cover can be issued with limited information
  • The insurance policy offers coverage on a variety of goods-in-transit, the damage or loss that occurs to the goods, death of livestock and the majority of selected perils as per the line of business.