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
Overview
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.
Key features
01
Nationwide door-to-door cover
Integrated road, rail and coastal cover from factory/warehouse to destination
02
Own-account or contracted
Applies whether you carry in your own vehicles or use contracted carriers
03
Annual open cover
One annual contract for the year's volume simplifies management
04
Separate from carrier's liability
Direct cover on the cargo-owner side, independent of the carrier's liability
Main losses covered
Loss/damage during road, rail or coastal carriage
Accidents during loading/unloading
Accidents during transhipment
Temporary storage during a transit stoppage
Main exclusions
Wilful misconduct or gross negligence
Insufficient packing / inherent defect
Delay / loss of market value
War / terrorism (unless separately endorsed)
Conditions
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
What we need to quote
Cargo item & packing form
Route (origin, destination, waypoints)
Conveyance (road, rail, coastal)
Annual volume (for open cover)
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).
