What type of policy protects against loss to goods in transit throughout the year?

Prepare for the Florida 2-20 Insurance Agent License Exam. Leverage flashcards and multiple-choice questions with detailed explanations. Be exam-ready with confidence!

An Annual Transit Policy is specifically designed to cover goods while they are in transit over the course of a year. This type of policy provides comprehensive protection against loss or damage to goods while they are being transported, whether by land, air, or sea. It is particularly useful for businesses that regularly ship products or goods, ensuring that they are continuously covered without needing to secure individual policies for each shipment.

In contrast, a General Liability Policy primarily protects against claims of bodily injury or property damage arising from a business's operations and does not specifically address the loss or damage of goods in transit. A Property Insurance Policy generally covers physical assets of a business but is not focused on goods while they are being transported. Marine Insurance covers goods that are being transported over water and may not apply universally for all types of transportation, especially for goods in transit by road or rail.

Therefore, the Annual Transit Policy is the most appropriate option for providing ongoing coverage for goods in transit throughout the year, distinguishing it from the other types of policies that serve different purposes.

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