Marine transit insurance provides cover to protect goods being transported by sea, air, or land from loss or damage. It is often referred to as cargo insurance.

Coverage can include:

• Loss or damage: Losses due to perils of the sea, such as storms, shipwrecks, or piracy.
• General average: Contributions made by all parties involved in a maritime venture to cover a common loss.
• Jettison: Losses incurred when cargo is intentionally thrown overboard to save the ship.
• Delay: Costs incurred due to delays in the transportation of goods.