What type of coverage is provided by Domestic Annual Transit?

The correct answer is based on the nature of Domestic Annual Transit coverage, which can provide both open-peril and named-peril coverage options. Open-peril coverage means that all risks are covered except those specifically excluded in the policy, offering broad protection. Conversely, named-peril coverage only protects against specified risks listed in the policy.

This flexibility allows policyholders to select the level of protection that suits their needs for goods transported within domestic borders. Domestic Annual Transit coverage is typically designed for frequent shipments, making it essential for businesses to have a comprehensive understanding of what risks are covered to adequately protect their assets during transport.

The other options do not accurately reflect the characteristics of Domestic Annual Transit coverage. While named-peril coverage is one type of protection available, the existence of both open-peril options distinguishes the correct answer. Comprehensive coverage with a deductible typically refers to personal or auto insurance and does not apply directly to transit coverage in this context, and liability coverage for carriers is focused on the responsibility of carriers rather than the coverage of transported goods.