Transit Loss Insurance

Loss of goods in transit occurs daily on a global scale, making transit insurance extremely important. Accidents don’t just happen during transport—they can also occur during loading and unloading, temporary storage, and related processes.

In addition to extreme weather conditions, the main causes of damage in road transport include:

• Inadequate packaging
• Unsuitable transport vehicles
• Insufficiently trained personnel
• Lack of knowledge about the specific characteristics of the cargo
• Inaccurate assessments during loading and securing of goods

Is Cargo Insurance During Transport a Good Idea?

Cargo insurance in road transport is not mandatory. However, it is highly recommended—especially when transporting large volumes or high-value goods—as it provides financial protection in case of damage during transit.

What Kind of Coverage Does Transit Insurance Offer?

Upon signing an insurance contract, policyholders typically have two options:

• All-risk coverage: Comprehensive protection against loss or damage, with only a few specific exclusions. Some excluded risks may still be partially insurable under special policies.
• Named perils coverage: Insurance that covers specific risks such as road accidents, fire, lightning strikes, explosions, and similar incidents.