Specific transit marine insurance offers wide coverage to the transported shipment. It offers protection against a wide range of perils which may result in huge financial loss. Importance of specific transit insurance policy, Infographic below, elaborates on the subject.
There are several reasons why you might need a specific transit insurance policy:
- To protect against physical loss/damage during transportation- If you ship goods, there is always a risk that they could sustain damage during transportation. Transit insurance can financially protect your goods in the event of loss, damage, or theft during transit.
- To fulfill your contractual requirement- If you are transporting goods for someone , they may require you to have a transit insurance policy as a condition in the contract.
- To protect you against liability- A transit insurance policy can provide liability cover in the eventuality of you being held responsible for damage to someone else’s property during transportation.
- Provide peace of mind- Having a transit insurance policy gives you peace of mind as it protects your goods during transit.
The below infographic explains the importance of specific transit insurance and why you should consider buying this policy.
Watch an informative video on Importance of Specific Transit Insurance.
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