Transportation Insurance

Definition - What does Transportation Insurance mean?

Transportation insurance is a policy that offers coverage on the insured's property while it is in transit from one location to another on any necessary mode of transport. This includes transport by land, air, and water.

Insuranceopedia explains Transportation Insurance

Because there is always a risk that goods in transit may be damaged, lost or delayed, businesses like wholesalers, retailers, and distributors can protect their property by purchasing transportation insurance. Coverage depends on the specific policy but may include theft, fire, and other similar perils. Besides opting for transportation insurance, making sure the goods are packed safely and securely also mitigates any loss.

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