# transport insurance

*Last updated: 2026-06-16*

> Transport insurance protects cargo owners, shippers, and consignees against financial loss resulting from damage, theft, or loss of goods in transit.

Transport insurance protects cargo owners, shippers, and consignees against financial loss resulting from damage, theft, or loss of goods in transit. Coverage typically runs from collection at the point of origin to final delivery and can extend across all modes of transport – road, sea, air, and rail – within a single policy. Under Incoterms 2020, CIF and CIP require the seller to arrange insurance on behalf of the buyer. A key distinction: a carrier's liability insurance covers only the carrier's statutory obligation, which is capped well below the commercial value of most shipments. Without a separate cargo insurance policy, the difference in value remains the cargo owner's risk.

**Source:** [https://de.wikipedia.org/wiki/Transportversicherung](https://de.wikipedia.org/wiki/Transportversicherung)

## Quick Facts

| Property | Value |
|---|---|
| Term | transport insurance |
| Language | EN |
| Word count | 109 |
| Last updated | 2026-06-16 |
| Source | https://de.wikipedia.org/wiki/Transportversicherung |

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