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Goods in Transit

Overview

This policy insures goods which are in transit. One can opt for an Open Cover, where an indication is made of the total number of transits anticipated during the year. This estimation will be subject to actual transits that will be declared. Another option is the Specific Cover which covers particular consignments which have been declared before the actual transit.

Features

The policy covers loss or damage to goods caused by fire, theft or accidental means while goods are in transit. Transit can be by road or rail. The policy also covers goods while housed temporarily in the course of transit.

Benefits

Compensation will be made in case of loss or damage arising due to:

  • Fire
  • Lightning
  • Breakage of bridges
  • Collision
  • Accidental overturning
  • Derailment
  • All Risks Cover
  • Water/Rain damage
  • Theft

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