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insurance in transit

 

Definitions from the Web

Term: Insurance in Transit

Description: Insurance in transit refers to a type of coverage that protects goods or cargo while being transported from one location to another. It provides financial compensation for any damage, loss, or theft that may occur during the transit process.

Senses and Usages:

1. Noun: Insurance in transit can be purchased by individuals or businesses to safeguard their valuable assets during transportation. It ensures that if any mishap occurs, the cost of the goods or cargo will be covered.

Example Sentence: I had to buy insurance in transit for my art shipment to protect it from any potential damage or theft.

2. Adjective: When referring to goods or cargo, insurance in transit is used to describe the state of being protected by insurance during transportation.

Example Sentence: Before shipping the fragile items, make sure they are adequately packaged and covered by insurance in transit.

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