Transit insurance is a type of insurance that protects goods and merchandise while they are being transported from one location to another. This coverage can be purchased by shippers, carriers, or freight forwarders to protect their cargo against loss, damage, or theft that could occur during transit.

Transit insurance typically covers all modes of transportation, including air, sea, and land, and can be tailored to suit a wide range of goods, from perishable food items to fragile electronics.

Some policies may also provide additional coverage for losses that occur due to delay, rerouting, or other unforeseen circumstances that could impact the delivery of the goods. Overall, transit insurance serves as an important safeguard for businesses and individuals that rely on reliable transportation to move their goods and assets from one place to another.