How Transit Insurance Protects against Damage and Loss?

Navigating the seas of transit comes with inherent risks, and safeguarding goods during transportation is a paramount concern for businesses. Understanding the coverage provided by marine insurance is crucial in mitigating potential financial losses arising from a variety of perils. From theft and pilferage to natural calamities and collisions, the scope of marine insurance is extensive. In this overview, we delve into the diverse range of risks covered by marine insurance policies ensuring businesses are well-equipped to protect their valuable cargo throughout the journey.

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Coverage Points under Transit Insurance

  • Theft/Pilferage: Coverage for loss or damage to goods/cargo due to theft.
  • Total Loss during Loading/Unloading: Insurance for loss or damage during the loading and unloading of goods/cargo.
  • Malicious Damage: Coverage for loss or damage due to intentional actions by anyone other than the policyholder or its employees.
  • Vessel Collision Coverage: Insures against loss or damage resulting from the collision of two goods-carrying vessels. 
  • Fire, Lightning, and Explosion Protection: Essential coverage for incidents such as fire, explosions, or lightning during the transportation of cargo.
  • Land Conveyance Mishaps: Covers expenses arising from collisions, overturning, or derailment of land transportation vehicles.
  • Bridge Breakage Safeguard: Provides protection for goods or cargo in the event of a bridge breakage during transportation.
  • Vehicle Overturning Insurance: Covers loss or damage caused by the overturning or derailment of vessels carrying goods.
  • Grounding, Stranding or Sinking Coverage: Protects against loss or damage due to the grounding, stranding or sinking of ships during transportation.
  • Earthquake or Volcanic Eruption Insurance: Coverage for loss or damage caused by earthquakes or volcanic eruptions during the cargo journey.
  • Water Ingress Protection: Insures against loss or damage resulting from the entry of sea/river/lake water into the watercraft, excluding damage from rainwater.
  • General Average Sacrifice Salvage Charges: Compensation for expenses related to sacrifices and salvage operations during maritime emergencies.
  • Protection against Natural Calamities: Insurance against the impact of natural calamities such as earthquakes or lightning strikes.
  • Jettison: Coverage for intentional throwing overboard of cargo to prevent further damage.
  • Washing Overboard: Insurance for loss or damage caused by waves sweeping away goods during transportation.
  • Delivery at Different Locations: Coverage for goods/cargo due to covered perils while unloading at a location/port other than the specified one due to bad weather (with insurer notification).
  • Contact of Goods Carrying Vehicle: Protection for loss or damage caused by the vessel coming in contact with structures, animals, etc. 

*Refer to policy documents for detailed coverage. 

**All-risk insurance policies cover these perils, but specific details may vary with different policies; contact your insurance provider for clarity.


In the unpredictable realm of transportation, the comprehensive coverage offered by marine insurance serves as a bulwark against a multitude of risks. From intentional acts of malice to the forces of nature, this insurance safeguards goods and cargo at every leg of their journey. Whether it's the intricacies of loading and unloading or the perils encountered on the high seas, marine insurance provides a safety net. The intricacies outlined, from total loss scenarios to nuanced situations like jettison or washing overboard, underscore the importance of understanding and securing comprehensive coverage. As goods traverse the intricate networks of global trade, marine insurance stands as a reliable partner in ensuring that businesses weather the challenges and uncertainties of transit with resilience and financial security.

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Select Commodity

  • New machinery machine tools & spares in closed ISO containers
  • Solar panel
  • Machinery machine tools & spares duly packed/lashed
  • Electronic & white goods
  • New machinery machine tools & spares in closed ISO containers
  • Solar panel
  • Machinery machine tools & spares duly packed/lashed
  • Electronic & white goods
  • New machinery machine tools & spares in closed ISO containers
  • Solar panel
  • Machinery machine tools & spares duly packed/lashed
  • Electronic & white goods

Select Mode of Transport

  • Road
  • Air
  • Sea
  • Courier
  • Rail

Cover Amount Required

Enter value between 10 thousand to 10 crore


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Policybazaar for Business - Marine Insurance - Customer Reviews
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3.8 April 20, 2023
Great Experience
I recently purchased Marine insurance from Policybazaar for my shipping business and I must say I am thoroughly impressed with their service and coverage. From start to finish, the experience has been smooth and hassle-free.Thankyou.
4.3 April 03, 2023
Provides Comprehensive Protection
When it comes to coverage, Marine insurance that i bought from PolicyBazaar has exceeded my expectations. It provides comprehensive protection for my cargo and vessels during transit, ensuring I can focus on my business operations with peace of mind. Thankyou.
4.3 March 17, 2023
Excellent Services
I highly recommend Marine insurance from PolicyBazaar website to anyone in the shipping or logistics industry. Their user-friendly website, comprehensive coverage, and excellent customer service make them stand out from the competition. With Policybazaar, I feel confident in navigating the high seas, knowing that my business is well-protected. Thank you, Policybazaar.
4.3 February 28, 2023
User Friendly Interface
The website's user-friendly interface made it easy to compare different plans and find the perfect fit for my business needs.Thanks
4.3 February 11, 2023
Prompt Services
I appreciate the transparency and honesty with which Policybazaar handled my claims. They were prompt in processing my claim and their claim settlement process was hassle-free.Thanks PolicyBazaar.
3.8 February 10, 2023
Exceeds Expectations
I recently had the pleasure of purchsing marine insurance from Policy bazaar website and I must say it has been an outstnding experience from start to finish. I am thrilled to share my positive customer review, as this truly exceeded my expectations. Thanks PB.
3.8 January 31, 2023
Easy Navigation
The ease of navigating the Policy bazaar website and finding the right marine insurance policy was impressive. The website's user-friendly interface and intuitive design made it incredibly simple to compare various options, understand the coverage details and make an informed decision. I appreciated the transparency provided throughout the process. Thanks.
3.8 January 21, 2023
Excellent Support
The customer service provided by Policy bazaar was decent. Their team was responsive, knowledgeable and went above and beyond to assist me at every step. Their professionalism and commitment to customer satisfaction were truly commendable.Thankyou.
4.3 January 11, 2023
Sanjeev Rathor
Efficient Process
When it came to claims processing, Policy bazaar demonstrated remarkable eficiency and effectivenes. I had an unfortunate incident during the coverage period and filing a claim was a breeze. The entire process was streamlined and their team guided me throuugh every necssary step, making it hassle-free. The promptness with which my claim was setled reflected their commitment to their customers' well-being and peace of mind. Thankyou.
3.8 January 01, 2023
Comprehensive Coverage
I must mention the comprehensive coverage provided by the marine insurance policy I purchasd through Policy bazaar. It offered me the necesary protection and peace of mind. Thankyou PolicyBazaar.