Goods in Transit Insurance is a crucial type of coverage that protects goods and merchandise while they are being transported from one location to another. Whether by land, sea, or air, this insurance provides financial security against various risks that goods may face during transit. Let’s explore it further:

What Does Goods in Transit Insurance Cover?
Perils Not Covered by Carriers: While carriers have their own insurance policies, these typically cover losses due to their negligence. However, goods in transit insurance steps in to cover perils beyond carrier negligence. These can include fires, storms, piracy, and even damage or theft while in storage.
Full Value Coverage: Unlike carrier policies based on shipment weight, goods in transit insurance covers the full value of the goods being transported, including profits.
Global Coverage: It protects shipments worldwide, including while they are in storage.
Wide Variety of Goods: Whether it’s project cargo, consumer electronics, grains, or perishable items like fresh produce, fish, seafood, meat, and poultry, this insurance can be tailored to cover various types of goods.

Who Benefits from Goods in Transit Insurance?
Any company involved in shipping goods can benefit from this coverage