Trip Transit Insurance
Definition - What does Trip Transit Insurance mean?
Trip transit insurance is a type of policy that provides protection to property in transit against certain perils during a specific trip via a specified means of transport. It only covers that particular shipment or transport for such perils as fire, disappearance, or theft.
Insuranceopedia explains Trip Transit Insurance
Coverage does not include war, wear and tear, breakage and nuclear disaster, however. The moving company usually covers breakage and flooding. In addition, trip transit insurance is a policy written for a specified individual shipment as compared to transit insurance, which covers all shipments transported during the term of the policy.
CLUE Yourself In: How Your Claims History Informs Your Insurance Future