Transit Insurance mean?
Transit insurance is a policy that covers business goods or personal belongings while they’re being moved from the place of loading to the stated destination over land by a certain transport mode.
This type of insurance covers the packing and unpacking, loading or offloading, transportation and storage of goods during the entire move. It also covers the damage or loss of the goods while in transit due to mishandling or other forms of damage such as accidents, explosions, impact fires, theft, and malicious damage. Transit insurance is useful to people who regularly transport goods over large or small distances, especially couriers.