What type of insurance is designed to cover damage to goods in transit?

Marine insurance is specifically designed to cover damage to goods transported over water, as well as related liabilities. This type of insurance addresses risks associated with the transportation of goods by sea, making it essential for businesses involved in shipping and logistics. It covers events such as loss, theft, or damage during transit, which can occur due to various perils, including rough weather, accidents, or other unforeseen circumstances.

In contrast, agricultural insurance focuses on protecting farmers and agricultural operations from losses due to crop failure, livestock death, or adverse weather events. Auto insurance is primarily concerned with protecting vehicles and their owners from financial loss due to accidents or theft. Homeowners insurance provides coverage for personal residences and belongings against risks like fire, theft, and certain natural disasters, but it does not cover goods that are in transit. Therefore, marine insurance is the most appropriate choice for protecting goods while they are being transported.