You load goods on a truck and the box arrives broken — who is responsible? Inland transit insurance protects your goods Warehouse to Warehouse on an All Risks basis. With annual open cover + monthly declaration, settlement is automatic even when volumes swing. Compare 6 insurers on the Chubb Inland Transit wording.
Inland Transit Insurance
1. Overview — domestic property cover from the cargo owner's side
Where marine cargo focuses on the sea/air international leg, inland transit covers domestic road and rail carriage + warehouse in/out + handling as one. Unlike carrier's liability (the carrier's liability cover), this is cover where the cargo owner protects its own goods.
Line
Inland Transit Insurance
Subject
Goods in domestic transit (owned by the cargo owner)
Seamless cover from origin warehouse to destination warehouse
03
Declaration basis
Monthly volume declared then settled — flexible for variable volumes
04
Links with marine cargo
Connects the import port → domestic warehouse leg on a single certificate
3. Main losses covered
Accidents in road/rail transit — overturning, collision, falling
Fire, explosion, lightning
Theft / loss (can be strengthened with a Theft & Pilferage endorsement)
Accidents during warehouse in/out
Damage during off-loading
Loss while in the hands of a forwarder/carrier
Natural perils (flood, typhoon) — endorsement
4. Main endorsements
①
Warehouse to Warehousewarehouse-to-warehouse extension
②
Mis-deliverywrong-delivery loss
③
Temperature Variationchilled/frozen temperature excursion
④
Theft & Pilferagetheft/pilferage strengthening
⑤
During off-loadingloading/unloading accidents (most frequent)
⑥
Declarationmonthly declared-volume settlement
Main exclusions
Wilful misconduct / gross negligence
Insufficient or unsuitable packing
Inherent nature/defect of the goods
Ordinary wear, leakage, natural loss
Transit delay (pure economic loss)
Carrier's wilful act (the carrier's liability is covered by carrier's liability insurance)
Nuclear / war (excluded without an endorsement)
5. Example scenarios (illustrative)
Scenario A
Manufacturer (nationwide delivery)
Annual transit value around ₩30bn, mixing in-house logistics and 3PL. Annual open cover + monthly declaration, with Warehouse-to-Warehouse + Theft endorsements recommended. The premium is confirmed after the insurer's underwriting review based on transit value, items, routes and loss history.
Scenario B
E-commerce (many small parcels)
50,000 shipments/year, total value around ₩10bn. Declaration basis + a negotiated minimum premium. The premium depends on frequency, average value and prior claim rate as assessed by the insurer.
Scenario C
Large-appliance delivery
About ₩5m per item (fridges, TVs) × 10,000/year. Breakage strengthening + during-handling endorsement essential. The premium is set after a combined review of cargo type, packing standard and loss history.
Things to note
When applying, confirm the basics of the contract — product name, period of insurance, premium payment term and the insured — and be sure to receive and read the policy wording and product brochure.
Coverage exclusions are set out in each insurer's policy wording and brochure; refer to them for details, as claims may be limited by exclusions or payment-limitation grounds.
If the insured event has already occurred when the contract is concluded, the contract is void.
Duty of disclosure: the policyholder, the insured or their agent must answer the application/questionnaire truthfully; otherwise a claim may be declined or the contract cancelled.
Cooling-off: a policyholder may generally withdraw the application within 15 days of receiving the certificate; note that commercial (corporate) insurance taken out by a professional financial consumer cannot be withdrawn.
Providing special benefits in connection with an insurance contract is punishable under the Insurance Business Act.
N2N Insurance Brokerage is a broker registered under Article 89 of the Insurance Business Act; it does not represent any single insurer and advises on the client's side (FSS Reg. No. 2026-012201 · Business Reg. No. 611-23-02374). Application and acceptance follow each insurer's wording.
Full Korean statutory disclosures — depositor protection, tax treatment, signature requirements, the insurance-fraud reporting center and dispute resolution — are provided on the Korean version of this page.
📌 Only marine cargo is quoted instantly on this site.
Transit, fine art and liability lines need asset valuation and underwriting, so they are not auto-quoted here.
When you request a consultation we provide a free simultaneous comparison across 6 insurers (avg. reply within 24 hours during business hours).
