Which type of insurance is aimed at covering goods during transit?

Cargo insurance is specifically designed to protect goods while they are in transit, whether by land, sea, or air. This type of insurance provides coverage for loss, damage, or theft of shipments during transportation, helping businesses and individuals mitigate financial risks associated with shipping goods.

Cargo insurance can cover various types of incidents, such as accidents, piracy, and natural disasters, ensuring that the insured party can recover the value of their goods if something goes wrong during transport. This makes it an essential consideration for anyone involved in shipping, logistics, or trade.

Liability insurance, property insurance, and health insurance serve different purposes and do not specifically address the risks associated with goods in transit. Liability insurance protects against claims of injury or damage, property insurance covers physical assets against risks like fire or theft, and health insurance offers coverage for medical expenses, none of which apply to transactions involving the transportation of goods.