If marine cargo is about international transit, transit insurance is domestic. When a truck, train or coastal vessel moving your goods causes them to break or vanish, who is liable? Transit insurance covers that loss directly as cargo-owner cover (separate from the carrier's liability that the carrier holds). Own-account or contracted, per-shipment or annual — compare quotes from 6 insurers.
Transit insurance covers the risk of loss or damage to goods during domestic road, rail and coastal carriage. It is structured so the cargo owner is indemnified directly for loss to its own goods, regardless of the carrier's liability limits.
It can be arranged per shipment or as an Annual Open Cover. Rates vary with conveyance, cargo type and frequency; general cargo uses ICC(A)-equivalent wording, bulk uses limited cover.
Integrated road, rail and coastal cover from factory/warehouse to destination
Applies whether you carry in your own vehicles or use contracted carriers
One annual contract for the year's volume simplifies management
Direct cover on the cargo-owner side, independent of the carrier's liability
| Period | Per shipment, or 1-year renewable |
|---|---|
| Payment | Single or annual |
| Main insurers | DB · Hyundai Marine & Fire · KB · Meritz |
| Turnaround | Instant online estimate / formal application 1–2 business days |
Situations we see often — a quick self-check by scenario
Exposed to loss or damage of cargo while in transit.
Cover the accident risk of repeated routes under a single policy.
Covers impact and overturning loss during loading, unloading and transit.
Consider open cover when shipment counts are high.
The wording and structure points most often overlooked
Check the wording for whether accidents during loading and unloading — not just carriage — are covered.
Settle in advance which conveyances and contracting arrangements are covered.
Packing defects or ordinary natural wastage may not be covered.
The questions most often asked when considering transit insurance (Marine Transit)
Transit insurance is cargo-owner-side cover that the shipper buys to protect their own cargo during domestic transit. Carrier's liability insurance, by contrast, is bought by the carrier to cover the liability it owes the cargo owner. The buyer and the insured interest differ; as a shipper, protecting your cargo directly with transit insurance is the usual approach.
Marine cargo insurance covers cargo on international import/export legs; transit insurance covers cargo on domestic road, rail and coastal legs. The distinction is simply whether the leg is domestic or international.
Both. For infrequent moves you can buy per shipment; frequent shippers can take annual open cover to handle the year's volume under one contract and simplify administration.
The insurer rates it on conveyance, cargo type, route, annual volume and policy terms. The exact premium and acceptance terms are confirmed after the insurer's underwriting review (AIG · Chubb · DB · Hyundai · KB · Meritz).
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.
Transit Insurance · comparison quote
We design cover for loss in domestic transit from factory/warehouse to destination, matched to your transport pattern and volume.
Coverage, exclusions and limits are governed by each insurer's wording, and the final premium is confirmed after the insurer's underwriting review. Our fee is paid by the insurer, so there is no extra cost to you (Article 98 of the Insurance Business Act).
