Goods in Transit Insurance

GOODS IN TRANSIT INSURANCE

This policy provides cover for loss or damage to various types of goods while in transit by road, rail or any inland waterway within the geographical area set out in the policy.  Cover may be All Risks or for specified perils and may be taken for specific consignments or annually.

Types Of Cover

1.       All Risks.  This is an all risks cover subject to the normal GIT policy exclusions.  It is a wider cover hence we must be careful when quoting for this cover

Requirements
a)       Type of cargo
b)       Name of proposer
c)       Mode of carriage
d)       Packing
e)       Destination
f)       Limit per carry
g)       Annual Carry

Perils covered under the goods in transit policy:

1
Road/Rails Risks Cover Only
2
All Risks Cover
Fire
Lightning
Breakage of bridges
Collision
Accidental overturning
Derailment
Water/Rain damage
Theft, pilferage and shortages
All perils covered under item 1 above