Which type of marine insurance specifically covers loss of cargo being shipped?

Cargo insurance is specifically designed to cover the loss or damage to goods while they are in transit. This type of marine insurance focuses directly on protecting the interests of the cargo owner, ensuring that if their goods are lost due to incidents like theft, damage from weather conditions, or accidents during transportation, they have financial protection. This is particularly crucial for businesses that rely on shipping goods to maintain their operations.

Hull insurance, on the other hand, pertains to the insurance of the vessel itself rather than the cargo it carries. Freight insurance safeguards the freight charges associated with the shipping process but does not provide coverage for the actual goods being shipped. Special insurance is a general term that does not specifically refer to marine insurance types related to cargo. Thus, cargo insurance stands out as the most appropriate choice when it comes to protecting goods during shipping.