A transit insurance policy, also known as marine transit insurance, is a product offered by underwriters that secures your cargo against any losses that occur during transport. These risks take many forms from the typical overturn and rough handling that occurs during shipping to catastrophic acts of nature such as flooding or earthquakes. However, it’s important to look at your policy details because not every policy covers every risk.
Many times these gaps in coverage will only be apparent when it comes time to file a claim. By that time it’s already too late to get appropriate coverage for your loss because the incident already occurred. Make sure that you’re not only getting a good price on your coverage, but also a good value on quality services.
Transit insurance policy is vital to protect your Investments and your cargo during the uncertain times between when it leaves your door and when it arrives at the final destination. Make sure you go with a marine insurer that has a long history of underwriting successful ventures and high levels of customer satisfaction. You’re not only buying a service. When you hire someone to protect you at this critical level of engagement with your company’s core concerns, you’re also beginning a relationship with a new business partner.