What type of coverage would not be included in an annual transit policy?

The correct answer is that coverage for existing inventory would not be included in an annual transit policy. Annual transit policies are specifically designed to cover goods and merchandise while they are being transported. This means they primarily focus on the risks associated with items in transit, such as theft, damage, or loss occurring during shipment.

In contrast, existing inventory pertains to items that are already stored at a facility or warehouse. Since these items are not currently in transit, they fall outside the scope of an annual transit policy, which only applies to goods being transported between locations.

Coverage for theft during shipment, coverage for all incoming shipments, and coverage for outgoing shipments are all integral aspects of transit policies. These coverages relate directly to items that are being moved from one place to another, emphasizing the necessity of protecting goods while they are not in their secured locations. Thus, coverage for existing inventory is not relevant in the context of an annual transit policy, as it pertains to stationary assets rather than those in motion.