What are the two methods for writing policies for goods in transit?

The correct answer focuses on the two primary approaches to insuring goods in transit: annual and trip insurance.

Annual insurance provides coverage for all shipments made by the insured during a whole year, offering a more comprehensive solution for businesses that regularly transport goods. This method simplifies the insurance process, allowing businesses to avoid the need for individual policy purchases for each trip, which is particularly advantageous for companies with frequent shipments.

In contrast, trip insurance is designed for specific or occasional shipments, providing coverage for a single journey. This method is beneficial for businesses that do not consistently transport goods or wish to insure only certain high-value items for particular trips.

Using both annual and trip methods caters to different needs within the shipping and logistics sectors, allowing businesses to choose the best coverage that aligns with their shipping frequency and value of goods being transported.