Goods In Transit Insurance
This cover provide cover against loss or damage to property arising from accidents or misfortunes while being loaded, unloaded, during conveyance and when temporarily housed in the course of transit.
This cover is for anybody who owns goods to be transported form one place to another.
What are the Key features/benefits?
- Axle and load warranty clause
- Overnight security
- Tarpaulin clause
- Books clause
- Hold up and Hijack extension
- Riot and Strike Extension
- Loading and Unloading Risks
- Transhipment/Storage for 7 days at Premises,
- Rail and/or Road Risks Clause (All Risks)
- Transit shall be deemed to commence from the time of moving the property described in the
- If any consignee shall refuse to accept property consigned, transit shall be deemedÂ
- Axle and load warranty clause
- Overnight security
- Tarpaulin clause
What are the exclusions (If any)?
- War and related perils and terrorism
- Theft from unattended vehicle/vessel
- Willful neglect.
- Consequential loss damage.
- Year 2000 related problems and computer viruses.
- Fines and damages.
- Theft by own employees
- Wear and tear or depreciation
- Atmospheric or climatic conditions unless the property is conveyed in a closed vehicle
