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What is Transit Insurance?

Transit insurance is a specialized insurance policy designed to protect goods during transportation by road, rail, sea, or air. It safeguards your shipments from risks like theft, accidents, natural disasters, damage, or loss while in transit. This insurance is vital for anyone shipping goods, offering financial security and peace of mind throughout the logistics process.

Key Topic Index

  • What is Transit Insurance?
  • Documents Required for Transit Insurance
  • Benefits for Exporters and Importers
  • Frequently Asked Questions (FAQs)
  • How Make Merchant Can Help
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Documents Required for Transit Insurance

  • Insurance Policy Document
  • Commercial Invoice
  • Bill of Lading or Airway Bill
  • Packing List
  • Importer Exporter Code (IEC)
  • Certificate of Origin (if necessary)

Benefits for Exporters and Importers

  • Protects against financial losses due to damage, theft, or loss of goods in transit
  • Covers risks from accidents, natural calamities, or unforeseen events during transit
  • Ensures compliance with trade contracts requiring insurance coverage
  • Provides peace of mind, allowing focus on business operations rather than transit risks
  • Facilitates smoother customs clearance and trade finance
  • Enhances credibility with buyers and business partners
  • Customizable policies to suit varying shipment values and frequencies

Frequently Asked Questions (FAQs)

While not always mandatory, many import-export contracts require transit insurance for goods in transit.

It covers theft, damage from accidents or natural disasters, loss, delays, and other shipping-related perils.

You need to submit claim documentation including proof of loss or damage, shipping and insurance documents, and cooperate with the insurer for assessment.

Yes, many policies include coverage for goods during loading and unloading operations.

Make Merchant helps you select appropriate policies, manage documentation, and support claims, ensuring your shipments are insured efficiently and certified promptly.

How Make Merchant Can Help You

Make Merchant acts as your trusted partner to simplify transit insurance. Our team guides you through choosing the right insurance coverage tailored to your shipment needs, handles documentation, and liaises with insurers to secure the necessary certificates quickly. We ensure your goods are protected financially throughout the journey, reducing risks and helping your business run smoothly.

When you want to launch your business, Make Merchant is where it's at!

With Make Merchant, your cargo’s security and your peace of mind come first.

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We Make Merchant your one-stop solutions- Export to import, we are your support.

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We are a one-stop solution for businesses that wish to grow and move from local to global

Contact Info

Office Address

Address: 308, 3rd floor, bheema complex, nirman vihar , east delhi, delhi 110092