Which type of marine insurance protects against the loss of shipping costs?

Freight insurance specifically protects against the loss of freight costs associated with shipping goods. This type of insurance covers the financial investment made by the shipper in the transportation of goods, ensuring that if the cargo is lost, damaged, or destroyed during transit, the shipper can recover the shipments' costs.

In maritime operations, shipping costs can be significant, and freight insurance provides a safety net for shippers, allowing them to mitigate the financial risks involved in transporting goods across bodies of water. This coverage is particularly important as it allows businesses to resume operations without incurring substantial losses from unforeseen events during transportation.

The other types of insurance listed address different aspects of risk management in marine scenarios: warehouse insurance relates to the coverage of goods stored in a warehouse; general average insurance pertains to the sharing of losses arising from a voluntary sacrifice of part of the ship or cargo to save the whole in maritime practice; and property coverage insurance typically deals with general property against various risks but is not specifically tailored to shipping costs. Thus, freight insurance is uniquely suited to address the specific needs tied to the financial risks of shipping operations.