Marine Transit Insurance (inland)
Every Mile Covered, Every Cargo Safe
Multi-Mode Transit Protection
Import & Export Coverage
Loading & Handling Safeguard
Theft & Damage Shield
Quick Claims Assistance
Compliance & Legal Ready
Every Mile Covered, Every Cargo Safe
Multi-Mode Transit Protection
Import & Export Coverage
Loading & Handling Safeguard
Theft & Damage Shield
Quick Claims Assistance
Compliance & Legal Ready
Marine Transit Insurance also known as Marine Cargo Insurance — protects your goods from financial loss or damage while they're being transported. It covers goods moving from one location to another, whether by road, rail, air, or sea.
This insurance safeguards against risks such as fire, theft, accidents, hijacking, collisions, overturning, or weather-related damages. You can select the type of coverage that best fits your business needs and mode of transport.
Marine Transit Insurance works in a straightforward way. When goods are damaged or lost during transit, the financial responsibility shifts to the insurance provider.
If damage occurs, the insured party must inform the insurance company, which will send a surveyor to assess the loss.
Based on the findings, the insurer provides compensation for the verified damages.
In simple terms, it gives you peace of mind knowing that if your cargo faces any risk during transit, you have a financial safety net in place.
Marine Transit Insurance offers different types of coverage to suit various business needs. Here are the main types explained simply:
Covers goods transported within India, by road or rail.
Covers goods imported into India from another country.
Covers goods exported from India to international destinations.
A marine transit insurance policy helps businesses stay secure against the risks associated with transporting goods. Here's why it's important:
Even with the best precautions, accidents can happen during transit. Events such as fire, theft, collisions, derailments, or handling damages can cause major financial losses. Marine transit insurance helps minimize these losses by covering the cost of damage or loss to your goods.
Many domestic and international trade agreements require proof of insurance. Having the right coverage improves your financial credibility and makes business partnerships easier and more secure.
If your cargo is damaged or lost, your business can face delays and revenue loss. Marine transit insurance allows for quicker recovery by helping you manage financial setbacks efficiently.
Before getting marine transit insurance, it's important to understand a few basic legal requirements that ensure your coverage remains valid:
You must have a financial stake in the goods being insured.
The vehicle or vessel transporting the goods should have valid registration and documents.
The kind of vessel used (road, rail, air, or sea) affects both the coverage and premium.
Insurers may ask whether the transport is for commercial or personal purposes; commercial use typically needs broader coverage.
The vehicle or vessel must follow safety regulations and maintain proper safety equipment, as required by law.
Marine transit insurance protects your cargo against common risks that may occur during transportation. It provides financial support if your goods are lost or damaged due to various transit-related perils.
Fire, lightning, or explosion
Volcanic eruption or earthquake
Loss / Damage to goods during loading and unloading
Losses caused by river or lake water entering cargo
Hijack of goods
Derailment or overturning of vehicle
Collision between vehicles
Loss / Damage to goods during handling during transit
Theft or malicious damage
Shortage or non-delivery of goods
Common Questions About Marine Single Transit Insurance
BuyVima answers the most common queries to help you understand Marine Transit Insurance before choosing.
| Risk Type | All Risk Coverage | Basic Coverage (Named Perils) |
|---|---|---|
| Fire, Lightning, or Explosion | ||
| Overturning or Derailment of Vehicle | ||
| Earthquake or Volcanic Eruption During Transit | ||
| Collision Between Two Vehicles | ||
| River or Lake Water Entering Cargo | ||
| Damage or Loss During Loading and Unloading | ||
| Damage or Loss During Handling of Goods in Transit | ||
| Theft or Malicious Damage | ||
| Shortage or Non-Delivery of Goods | ||
| Hijack of Goods | ||
| Any Other Risk Not Specifically Excluded |