What type of insurance covers risks during navigation and transit?

The type of insurance that covers risks during navigation and transit is marine and transportation insurance. This type of insurance is specifically designed to protect against financial losses associated with the transportation of goods and the vessels used in their transport. It addresses various risks encountered on the water, such as damage to cargo, sinking of vessels, and marine-specific liabilities.

Marine and transportation insurance encompasses a broad range of coverage options for goods in transit, whether by sea, air, or land. By providing this specialized insurance, businesses involved in shipping and logistics can safeguard themselves against the unique challenges and hazards associated with transit, including theft, loss, and damage.

In contrast, liability insurance typically covers legal responsibilities one might have to others but does not specifically address risks associated with navigation or transportation. Property insurance covers physical assets but isn't tailored for the unique challenges faced during transit, particularly on water. Health insurance relates to medical expenses and does not connect to the risks involved in navigation and transit. Thus, the comprehensive nature of marine and transportation insurance makes it the correct choice for covering risks during navigation and transit.