Secure your goods with Transit Insurance @ SecureNow

Transit Insurance Online

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Premium Starts @ 350

(Excluding Taxes)

Premium Starts @ 350 excluding Taxes

Benefits

Covers cargo while in transit via sea, rail, road, or air

Provides cover for physical loss or damage to cargo

Customization is available based on goods, sending limits etc

The Risk Cover Note is issued online immediately

Most Trusted Insurers

SecureNow Assistance

Online policy copy

Instant risk confirmation

Renewal reminders

Single point interface for claims

Digital proposal form and payment

Cost-effective Insurance

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Transit Insurance Online

Contact Details>>Transit Details>>Quotes

Company Name

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Get quote if you agree to our Terms of Use and Privacy Policy

> SecureNow Assistance
> Quick Guide to Transit Insurance Online
> Frequently Asked Questions
> Insuropedia

SecureNow Assistance

Online policy copy

Policy copy will be emailed. This can also be accessed via securenow.app login

Instant risk confirmation

Risk coverage gets started immediately on proposal form submission, if no claim has been reported.

Digital proposal form and payment

Buying process is completely digitized including supporting documents. No need to submit hard copies.

Cost-effective Insurance

Works with all the leading insurers to discover the best price for most comprehensive features.

Single point interface for claims

Dedicated liability claims expert coordinates claims

Timely renewal reminders

Automated reminders and sent 3 weeks before renewal. Premium can be easily paid online

Quick Guide to Transit Insurance Online

What does a Goods Transit Insurance encompass?

Goods transit insurance covers loss or damage of goods. It applies during transportation between different locations and encompass losses from accidents, theft, fire, and natural disasters. Such events are typically beyond the insured party's control.

Goods transit insurance provides coverage for transporting goods from one location to another. Businesses and individuals often use this insurance when transporting goods as part of their operations or personal activities. Here is a closer look at goods transit insurance and its benefits.

The coverage provided by goods insurance can vary depending on the policy and the insurance provider. Most policies cover the goods' value and shipping costs during transportation, either fully or partially. Buyers need to be cautious not to undervalue their possessions. Marine transit insurance, whether for household goods or other items, does not automatically raise their perceived value.

Goods in transit insurance offers vital financial protection to businesses and individuals during transportation. It covers losses such as loss, damage, or theft, reducing the financial impact on the insured party. This ensures peace of mind during transit operations.

In addition, goods in transit insurance can help businesses and individuals maintain their reputation and customer satisfaction. Loss, damage, or theft of goods during transportation can result in delays, cancellations, and dissatisfied customers. With goods transit insurance, businesses and individuals secure their ability to meet customer obligations. This insurance assures fulfilment even during unexpected events, providing reliability and peace of mind.

Various goods transit insurance types include Inland, Air, and Marine cargo insurance, along with Multimodal transit insurance. In summary, goods transit insurance financially protects those transporting goods, reducing the financial impact of loss or damage. Given the array of coverage options, selecting a policy tailored to the insured's specific needs is essential.

About Transport Insurance Policy

A transport insurance policy provides coverage for goods transported from one location to another. Several types of transport insurance policies are available. These include road transport insurance, car transport insurance, and goods carrying vehicle insurance.

Road transport insurance covers vehicles used for road transportation. This type of policy covers risks such as accidents, theft, and damage to the vehicle. Road transport insurance premium depends on vehicle type, age, and driver experience in its calculation.

Car transport insurance is a specialized form of road transport insurance that covers multiple vehicles during transportation between locations. This type of policy covers risks such as damage, theft, and accidents during transportation. Car transport insurance cost depends on factors such as the car's value and the distance it will travel. It also considers the mode of transportation, such as open or enclosed carriers.

Goods carrying vehicle insurance covers commercial vehicles used for transporting goods. This type of policy covers risks such as theft, damage, and accidents during transportation. Factors like the type of vehicle and the transported goods determine the premium for goods carrying vehicle insurance. It also considers the distance of transportation.

Transportation insurance cost depends on factors such as goods' value, distance, and risk level. For example, car transport insurance premiums can vary from a few thousand to tens of thousands of rupees. This depends on the mentioned factors.

In addition to these types of goods transport insurance policies, specialized policies are available. They cater to specific goods like perishables or hazardous materials. These policies offer extra coverage and protection for the transported goods.

In conclusion, transportation insurance is vital in the industry. It safeguards against unforeseen events causing loss or damage to goods in transit.

Domestic Transit Insurance in India

Domestic transit insurance is a type of insurance policy that provides coverage for goods transported within India. Its purpose is to safeguard the goods owner from potential losses or damages during transportation. The policy covers various risks, including theft, loss, and damage from natural disasters or accidents.

In India, domestic transit insurance is available for both individuals and businesses. Tailoring the policy to the customer's needs is possible. This includes the type of goods and mode of transportation (road, rail, or air).

Domestic freight insurance is similar to domestic transit insurance from coverage perspective. However, the latter is an insurance for transporting goods, while the former covers the carrier transporting them.

The domestic transit insurance premium varies based on goods' value, transportation distance, and risk level. In case goods are damage, policy-holders must provide proof of the damage or loss that occurred during transit.

It’s important to note that domestic transit insurance is not mandatory in India. However, experts highly recommend it for frequent goods transporters, as transit insurance policy offers financial protection against unexpected situations. Various insurance companies and brokers across the country offer domestic transit insurance for purchase.

Why is Transit Insurance Policy required?

Various types of accidents may occur during the transportation of goods. Risks in transportation include vessel overturning, theft, collision, fire, earthquakes, and floods.

Purchase an online transit policy to safeguard your goods and commodities during transportation and unloading. We issue such policies instantly for single transits and they cover the entire journey, including source to destination. Depending on your chosen coverage, they provide extra benefits such as protection from jettison, washing overboard, fire, and explosions.

Benefits of Transit Insurance

Online transit insurance offers a multitude of features. Below are a few important ones:

The insurer provides transit insurance for goods transported by road, rail, sea, and air.
Covers for damage to cargo, onshore or offshore for a single voyage.
The Policy pays for loss during air or ocean freight during international shipping.
The insurance links the sum insured to the invoice value, ensuring the protection of your consignment's value. Additionally, there is a provision to increase the sum assured by 10% for incidental expenses.
An inland transit insurance offers all-risk protection cover, thus, protecting your cargo from most named and unnamed perils.
The issuance of an inland transit insurance with us is quick and hassle-free. You can buy it directly online after comparing the coverages.

Coverage under Transit Insurance

Specific inland transit insurance clauses A and B, along with Institute Cargo Clauses A and B, cover the following:

Coverages under ITC B

Fire
Lightning
Breakage of bridges > Collision -carrying vehicle
Overturning of the carrying vehicle
Derailment to the carrying vehicle

Coverages under ITC A

All the coverages mentioned above under ITC B along with below coverages:

River or lake water entering cargo
Loading & Unloading
Handling losses
Theft & Malicious damage
Hijack of goods
Non delivery/Shortage
Any other risk not specifically excluded

Coverages under ICC B

Fire or explosion
The vessel or craft strands, grounds, sinks, or capsizes
Overturning or derailment of land conveyance
Collision or contact of vessel craft or conveyance with any external object other than water
Discharge of cargo at a port of distress
Earthquake volcanic eruption or lightning
loss of or damage to the subject-matter Insured caused by

General average sacrifice
Jettison or washing overboard
Entry of sea, lake or river water into vessel craft that hold conveyance container liftvan or place of storage

Total loss of any package lost overboard or dropped whilst loading on to, or unloading from, vessel or craft

Coverages under ICC A

All-Risk coverage subject to below exclusions:

Wilful Misconduct
Ordinary Leakage, Loss in Weight-Volume
Insufficient Packing
Delay
Inherent Vice
The policy covers expenses resulting from the insolvency or financial default of the vessel's stakeholders.

What are the Major Exclusions under Transit Insurance Policy?

Below are the major exclusions under a marine transit insurance policy:

Wilful Misconduct
Ordinary Leakage, Loss in Weight-Volume
Insufficient Packing
Delay
Inherent Vice
Unfitness of Aircraft-Container - Van
Nuclear Perils
War Risks and Strikes, Riot & Civil Commotion (in case of inland transit insurance policy)
Insolvency or financial default of owners/managers charterers or operators of the vessel

Who Can Buy Transit Insurance?

An inland transit insurance policy is suitable for people or businesses that deal with regular transportation of goods. Below are the segments who generally buy a transit insurance policy:

Traders, both importers and/or exporters
Manufacturers
Transporters
Aggregators
Anyone who wants to insure their goods for a transit from source to destination

Types of Online Transit Insurance

Below are the types of transit insurance available:

Single transit policy: Ideal for one-time journeys or businesses with infrequent goods transportation.
Open policy: This policy coverage for multiple transits occurring within a given period, usually one year.
Sales turnover policy: This policy covers all legs of transactions including sales, purchases, and internal transfers.

What constitutes Online Transit Insurance

Online transit insurance is a specialized solution designed to protect goods in transit between various destinations. It addresses damages and losses incurred to goods carried by any vehicle (private or third-party carrier). This policy suits buyers who wish to insure goods instantly by paying a premium for a single consignment.

Complete the proposal form with transport details to easily buy this product online. Upon payment of the premium, you will instantly receive a certificate of insurance.

What is the process of buying Transit Insurance online?

Purchasing a transit insurance policy online with SecureNow is easy and hassle-free.

First fill in your contact details and basic information.
Specify transit details like goods category and value for transportation. We will calculate the sum assured based on this information.
On the quotes page, you can select your desired premium based on the available coverages.
Next, complete a proposal form with required details for online inland transit policy from the insurance provider.
After completing the proposal form, you will receive the option to make the payment. After making the payment, we will instantly provide you with a certificate of insurance.

How to file claim under Transit Insurance Policy?

Claiming a damage under transit insurance is also simple. SecureNow offers end to end services for transit insurance.

If your transported goods encounter damage, please promptly notify us via email at support@securenow.in. Ensure to include the following crucial information:

Submit photographs taken immediately after the event.
Provide a copy of the policy.
Please specify the declared value of the transported goods.
Estimate the approximate value of the damaged goods.

Prompt communication helps expedite the claims process. Share this information with the insurance company, and they will appoint a surveyor. After the surveyor's inspection, provide any requested documents, and the insurance company will process and settle the claim accordingly. The policy-holder must possess insurable interest, which is a fundamental requirement for insurance coverage.

Documents required for filing Transit Insurance Claim Online

Below are the documents required to claim for a transit insurance online:

Duly filled and signed claim form
Copy of policy document
Invoice of the goods transported
Details of the carrier
Photographs of the incident and damage occurred
Other mandatory documents as specified by the insurance company

Frequently Asked Questions

Inland transit insurance offers extensive coverage for transported shipments. It protects against numerous perils that can cause significant business financial loss. You can easily purchase this online policy, which is a hassle-free product that can protect your goods in transit. You can book inland transit insurance online for a single or multiple transits based upon your needs.

Please refer to this link for further information and details.

Goods in transit insurance safeguards items against loss, damage, or theft during journeys for commercial or private purposes. It provides coverage for goods transported by air, road, rail, or water. This insurance is affordable, easily accessible, and protects against financial losses because of damaged goods during transit.

Packers and movers often offer insurance to cover your household items like furniture and appliances during transportation with them. If they don't offer an inland transit policy, consider purchasing one to protect your goods during transit. You can buy it easily from SecureNow and get a policy copy issued instantly for your goods in transit. Please note that we provide only ITC B coverage for household goods.

Yes, it is important that you have a transit policy in place. This is the most affordable way to safeguard your goods in transit from a range of specified and unspecified risks.

Once calculated, Indian inland transit policy premiums can be as low as 1% of the transported goods' value. The premium can potentially be even lower. Failing to secure damaged goods during transit can lead to avoidable financial losses, eroding your profits in the process. So, you can buy a specific transit insurance online from SecureNow immediately and protect your goods.

Transit insurance is a convenient way to protect goods during transportation from the source to the destination. This insurance provides protection for goods against loss, damage, or theft. Its available for both commercial and private use. This insurance can cover goods transported via any means of transportation - air, road, rail, or water.

You can easily purchase them online. They are cost-effective and provide protection from financial losses during transit because of various perils.

Insurance policies generally cover three types of inland transit clauses. These clauses are Inland Transit Clause (C), Inland Transit Clause (B), and Inland Transit Clause (A). ITC (A) offers the widest form of cover under inland insurance because of the perils covered.

Yes, your inland insurance policy will pay for the partial loss of goods. Let's assume you are a robot manufacturer, and the cost of a single robot is INR 20 Lakhs. If an accident occurs during transit within India, the insurance company will still cover the claim.

The claim review later uncovers that only the robot's arm sustained damage while the entire structure remains functional. They will provide compensation for either the repair or replacement cost of the damaged arm.

Insurers consider historical data of the claims incurred for specific commodities. Based upon the average claim incidence and the severity of such claims, insurers arrive at their expected claims cost. Further, they would add operating expenses to arrive at the breakeven price for goods insurance.

The premium rate of such insurance generally depends on various risks associated with the business. While calculating premium, we consider factors like cargo nature, packaging type, coverage scope, and conveyance mode. Past claim experience also plays a major role during premium calculation.

You can obtain an insurance as such from our website easily by following below steps:

First, fill your basic details on the form and then proceed to select the transit insurance plans

Upon completing the essential information, you will gain access to view insurance quotes. You can choose a premium based on the insurance provider the coverages offered

Click "buy now," and you will encounter a proposal form that you must fill out to obtain the insurance

Fill the proposal form and proceed to make the payment

After successfully making the payment, you will receive an instant issuance of a certificate of insurance

Yes, risk perception for each consignment varies by insurer. We recommend obtaining quotes from multiple insurers to efficiently discover the best prices.

SecureNow will provide you with a benchmark price for the inland transit policy. After several rounds of negotiations with insurers, we discover this benchmark as a fair price. We have has done benchmarking across various insurers and shows you the best price for domestic goods insurance.

In insurance, deductibles are the claim amount that the insurance company won't cover. This occurs when a claim request arises. The claim becomes eligible for payment only if it exceeds the deductible limit. In this case, the insured person pays the deductible amount, and the insurance company covers the remainder.

Many insurers offer insurance, but not many provide Inland Transit Insurance Online with ITC A coverage. This coverage includes protection against numerous named and unnamed perils. SecureNow provides this product in partnership with Bajaj Allianz and ICICI Lombard. They not only ensure an end-to-end online process but also facilitate faster and efficient claim settlement.

You can easily purchase this insurance online by providing details of the transit and the goods transported. Fill the proposal form online, receive quotes, and select the insurance plan and coverages. Then, make the payment and instantly receive your certificate of insurance.

Insurers, however, do not have online claim support. Simply contact us at support@securenow.in, and we will provide you with further instructions.

Insurance companies generally offer both domestic and international transit insurances based on your policy's coverage. Its important that you choose your transit details correctly while buying it online from us. Choose inland, export, or import options for instant coverage during a single transit using this policy. International Transit Insurance follows global standards and regulations to ensure comprehensive coverage for goods during international transport.

You can buy transit insurance online to cover your goods or commodities for a single voyage. But insurance companies do not provide online claim support here. This requires a physical verification of the damage by a surveyor appointed by the insurer. The claim intimation option is available online, following which all other processes need time and physical verification.

There exists a range of inland transport insurance options available for purchase. To choose for such an insurance online you need to keep in mind below points:

Understand the coverages covered

Know the inclusions and exclusions

Know the deductibles under such an insurance policy

Below is a simple process to select an insurance online from SecureNow:

On our Transit Insurance Online page, fill the basic details

Choose the transit details and get the quotes

Select the right insurance company by comparing the coverages and the premium

Fill in the proposal form and add relevant documents

Make the payment

Receive the Certificate of Insurance issued instantly

Explore online transit insurance for multiple vehicles, find policies meeting business requirements, covering location limitations, and overnight vehicles. Learn about various types of transit insurance at SecureNow.

Below are the documents required:

Proposal Form

Marine insurance policy declaration form with the following details:

Name of the policy holder
Destination details
List of items in the shipment
Value of goods and transport products
Name of vessel carrying cargo

While opting to buy such insurance online, you must furnish these details.

In case of a claim, you should immediately inform us about any cargo damage. Provide the nature and extent of the loss or damage to the goods. The insurer will appoint a surveyor for the inspection of the loss. Our team will assist you in submitting all necessary documents to the insurance company throughout the entire process.

Yes, this signifies the recurring risk involved for a particular commodity and the safety measures deployed by the company.

To initiate a successful claim, please ensure you submit several crucial documents. These documents include the original insurance policy, bill of lading copy, and survey report or loss certificate. Additionally, they encompass the original invoice, packing list, and shipping specifications or weight notes. Moreover, you should enclose copies of any correspondence with carriers or bailees and the completed claim bill for processing.

What Our Customers Are Saying

Ruchika Kapoor

I was planning a big move, and I'd heard about transit insurance, but I had no idea where to start. Thankfully, SecureNow made it easy to understand, and I got a transport insurance policy that worked for me.

Sonam Ahuja

Moving stuff from one place to another can be a bit nerve-wracking. Goods transit insurance from SecureNow gave me peace of mind, knowing my belongings were protected during the journey.

Priya

I've always been skeptical about insurance, but when it comes to transit insurance rate with SecureNow, it's a no-brainer. Affordable and reliable - just what I needed.

Insuropedia

Importance of specific transit insurance policy – Infographic

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Transit Insurance Online

Table of Contents

SecureNow Assistance

Online policy copy

Instant risk confirmation

Digital proposal form and payment

Cost-effective Insurance

Single point interface for claims

Timely renewal reminders

Quick Guide to Transit Insurance Online

What does a Goods Transit Insurance encompass?

About Transport Insurance Policy

Domestic Transit Insurance in India

Why is Transit Insurance Policy required?

Benefits of Transit Insurance

Coverage under Transit Insurance

What are the Major Exclusions under Transit Insurance Policy?

Who Can Buy Transit Insurance?

Types of Online Transit Insurance

What constitutes Online Transit Insurance

What is the process of buying Transit Insurance online?

How to file claim under Transit Insurance Policy?

Documents required for filing Transit Insurance Claim Online

Frequently Asked Questions

1. What is inland transit insurance?

2. What coverage does a Goods in-transit insurance offer?

3. Do mover and packer companies provide transit insurance?

4. Is it important to have goods in transit insurance cover?

What Our Customers Are Saying

Importance of specific transit insurance policy – Infographic

Claim filing process under specific transit insurance – Infographic

What is Franchise Clause in Insurance and How Does It Work?