insurance

Marine insurance and transit insurance both protect goods during transportation, but their coverage can differ depending on the policy wording, mode of transport, route, and risks insured. Businesses should not assume that every cargo policy automatically covers all losses from warehouse to final destination. Before purchasing cover, it is important to check inland and overseas transit, loading and unloading, storage, theft, accidental damage, exclusions, valuation, and the exact start and end points of coverage to avoid costly claim disputes.