It is important to secure one’s valuables and transit insurance proves to be useful for both individual and commercial use cases.
Transit insurance is a secured way of covering the risk arising due to loss or damage to the valuables while they are being transported. Transit insurance provides a policy that includes compensation against common perils that might damage the items that are being transported. It caters to both damages and losses caused to goods while they are in transit from one place to another.
The cost of the premium is determined based on the goods that are being transported and the risk the policyholder is bearing during the policy term. There are a wide range of policy available for customers to buy such as single transit, overnight vehicles insurance policy, third party carrier cover etc.