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.
How Well Do You Know Your Life Insurance?
The more you know about life insurance, the better prepared you are to find the best coverage for you.
Whether you're just starting to look into life insurance coverage or you've carried a policy for years, there's always something to learn.