Transit insurance offers wide coverage to cargo from any physical damage or loss during transit via road, sea, air or rail.
Transit insurance or transport insurance policy for cargo covers a number of risks like damage to goods due to untoward perils such as earthquake, fire, explosion, and lightning.
Transit Insurance in India also recompenses damages resulting due to derailment or overturning of the vessel. Transportation insurance also covers loss of goods due to the sinking of the vessel. Nowadays, you can easily buy transit insurance online.
Friend Digital 24 Insurance can help you to successfully overcome these situations and put you in control. With Marine Insurance solution, you can safeguard yourself from risks associated with transit of goods. The policy provides wide coverage for loss or damage caused to the whilst in transit by Air/Rail Road/Sea/ Courier/Postal. Coverage provided under this type will be as per institute clauses which are uniformly used in international markets.
Such policies are designed for business owners who send out shipments occasionally. And the coverage is provided for a single voyage only. As soon as the shipment reaches its destination the coverage will cease.
A transit policy can be customized on the bases of the goods type, transaction limitations, location limitations, mode of transportation, and any other specific requirements. Transit insurance can be issued online and the premium can be paid through net banking or NEFT.