Cover for loss/damage to cargo in domestic road, coastal and air transport. Designed flexibly per single transport or on an annual open policy.
N2N Insurance Brokerage does not represent any single insurer — it independently represents the client as an FSS-registered broker (Reg. No. 2026-012201). We compare the wordings, rates and service of AIG · Chubb · DB · Hyundai · KB · Meritz to propose the cover and price best suited to your risk. Each insurer's full wording is provided at application and binding.
Cover for loss/damage to cargo in domestic road, coastal and air transport. Designed flexibly per single transport or on an annual open policy.
Compose on an All-Risks basis covering every accidental event, or on a named-perils basis.
A single transport, or an annual turnover-declaration open policy managing many small shipments simply.
Loading/unloading just before and after transport, and temporary warehouse stay in transit, continuously covered.
General vehicle, refrigerated/frozen, chemical tank-lorry, rail, coastal vessel and the domestic air leg all designable.
Managing the transport risk of finished goods moving factory-DC-dealer.
A comprehensive hedge across the cargo they handle.
Cover for high-value or breakage-prone items in parcel/line-haul transport.
| Policy period | Per single transport or annual open policy |
|---|---|
| Insurers | AIG · Chubb · DB · KB · Meritz · Hyundai (compared) |
| Sum insured | Cargo value |
| Turnaround | 1–3 business days |
| Channel | Individual consultation with our broker (010-5755-6465) |
If the insured event has already occurred at the time the contract is made, the contract is void. However, where the contract is void due to the company's intent or negligence, or where the company knew or could have known of the nullity before acceptance yet did not refund the premium, the company refunds the premium with interest at the policy-loan rate published by the Korea Insurance Development Institute, compounded annually, for the period from the day after payment to the day of refund.
The specific losses not covered (exclusions) are set out in each insurer's policy wording and product description; on this page, see the “Cover” tab(or the “Losses not covered” section) for the main exclusions. For other cover-specific grounds on which claims are not paid, please refer to the policy wording.
The company provides cover, in accordance with the policy, from the time it accepts the application and receives the first premium. Where the company accepts the application after receiving the first premium with it, cover also begins from the time the first premium was received.
The application must be completed by the policyholder, and the policyholder and the insured must sign it by hand. Failure to sign by hand may result in disadvantages regarding the validity of the contract. On an internet cyber-mall, an electronic signature may be used instead.
The policyholder has the right to be given and have explained the information needed about the product they wish to buy.
The insurer and N2N Insurance Brokerage must explain the important matters of the product to ordinary financial consumers.
When applying, the policyholder, the insured or their agent must disclose truthfully the facts they know regarding the questions in the application (including the questionnaire). Otherwise the claim may be declined or the contract cancelled. Where insurance is taken out by telephone or other means of communication, the duty is performed by answering the seller's questions, which are recorded, without a separate written questionnaire, so answers must be given with particular care.
If, after the contract is made, any of the following arises in respect of the subject-matter insured, the policyholder or the insured must notify the company in writing without delay and obtain endorsement on the policy.
The surrender value is the amount paid if the contract is cancelled early. Unlike bank savings, insurance combines risk protection and savings: part of the premium is paid out as claims to other policyholders who suffer accidents, and part covers the insurer's operating expenses, so the surrender value on early cancellation may be less than the premiums paid, or nil.
Under Article 59-4(1) of the Income Tax Act (special tax credit), for protection-type insurance taken out by an employee only, a tax credit of 12% of the premium paid (capped at KRW 1 million per year) is available. Tax matters may change with amendment or repeal of the relevant tax law.
Except as provided by law, the insurer and N2N Insurance Brokerage do not collect, use, inspect or provide personal data related to this contract — for its conclusion, maintenance and claim payment — without the consent of the policyholder, the insured or the beneficiary. However, for those purposes the insurer may, with the consent of the policyholder and the insured and in accordance with law, provide personal data to other insurers and insurance-related bodies.
The above is a summary and excerpt of the policy wording; for grounds on which claims are not paid and other details, please refer to the policy wording and product description.
Risk patterns that come up often in domestic transport — a five-scenario self-check
Finished goods are exposed to traffic-accident and loading/unloading risk in domestic transport.
A comprehensive hedge of transport risk across the cargo they handle.
High-value or breakage-prone items face damage risk in parcel/line-haul transport.
Temperature-sensitive cargo also needs cover for a temperature-deviation accident in transit.
Frequent small shipments can be run simply on an annual open policy.
Inland transit insurance covers cargo loss/damage in the domestic road-transport leg. Where marine cargo insurance handles import/export international transport, inland transit can be seen as its domestic version. Three things to settle in the design. First, the cover condition is chosen between All Risks covering every accidental event and a named-perils condition listing the perils. Second, you can insure per single transport, or manage many small shipments simply on an annual turnover-declaration open policy. Third, the cover span: check whether the loading/unloading just before and after transport, and temporary storage during transport, are continuously covered.
Source: (General industry example)
The wording and structure points decision-makers most often overlook
The cover condition is chosen between All Risks covering every accidental event and a named-perils condition. Check it is the right condition for the risk of the cargo and leg.
The loading/unloading just before/after transport, and temporary storage in transit, are risk legs too. Check that these legs are continuously covered.
With many shipments, an annual turnover-declaration open policy is more efficient than per-shipment enrolment.
The questions decision-makers ask most when considering inland transit insurance
It covers loss or damage to cargo in the domestic road-transport leg. It handles cargo loss from a traffic accident in transit, an accident during loading/unloading, and similar.
Where marine cargo insurance handles the international transport leg (import/export), inland transit insurance handles the domestic road-transport leg. The applicable insurance differs by transport leg.
Choose between an All Risks condition covering every accidental event, and a named-perils condition listing the perils. It is set to the risk of the cargo type and leg.
A design continuously covering the loading/unloading just before and after transport, and temporary storage during transport, is usual. Check that your cargo's actual transport flow is fully included.
You can insure per single transport, or manage many small shipments simply on an annual turnover-declaration open policy.
The insurer assesses it on the cargo type and value, the transport leg and mode, the cover condition (All Risks/named perils) and past incident history. The exact premium and acceptance are confirmed after underwriting by insurers such as AIG, Chubb, DB, KB, Meritz and Hyundai.
