Which coverage form provides insurance for all incoming and outgoing shipments?

The annual transit coverage form is designed to provide insurance for all incoming and outgoing shipments over the course of a year. This type of policy typically benefits businesses with frequent shipping needs because it simplifies the insurance process. Instead of needing to insure each shipment individually, a business can rely on a single policy that covers multiple shipments made throughout the year.

Annual transit coverage is particularly useful for companies that engage in regular trade or those that send and receive goods on a consistent basis, as it ensures that they are continuously covered without the need for constant renewals or adjustments to their policy.

In contrast, other types of transit insurance, such as specific transit or limited transit, focus on particular shipments or situations and do not provide the same ongoing coverage. Comprehensive transit might imply broader coverage, but it does not specifically refer to continuous coverage for all shipments over an extended period like the annual form does.