Cargo insurance is a specialized insurance policy designed to provide financial protection for goods while they are being transported, typically by sea but also by other modes of transport. It covers a single shipment or all shipments under a continual agreement, protecting against most risks associated with the journey.
Freight insurance provides coverage for goods during shipment on a common carrier, ensuring protection against potential losses or damages during transit.
Inherent vice refers to a defect or innate characteristic of an item that results in its damage or destruction without external intervention, often excluded from cargo insurance policies.
Inland Marine Insurance provides coverage for loss or damage to property transported over land, excluding oceanic shipments. It primarily covers high-value items, equipment, and other movable property during transit.
Transportation insurance is a type of insurance coverage that protects goods and merchandise while they are in transit from one location to another, whether that takes place via road, rail, sea, or air.
Trip Cargo Insurance protects goods in transit for a single trip, covering potential risks associated with transportation.
