• The Goods in Transit Insurance covers specific goods carrried in against Risks of Loss and or damage while in transit from Point A to point of destination withing a specified geographical areas as specified in the policy.¬† This loss and or damage may arise from:-
  • Collision
  • Overturning
  • Fire or Explosion
  • Derailment
  • Theft arising from the accident
  • While loading/unloading
  • Hijacking

  • The Policy also protects the insured from liability during loading and unloading of the goods and temporary housing in the course of transit.

  • The cover is available to individuals or companies transporting goods/in the business of transporting goods

  • CAUSES OF DAMAGES/LOSS COVERED
  • The Transit can be by:-
  • Road
  • Rail
  • Any inland waterway¬†

  • SUM INSURED
  • The policy is limited to the Sum Insured declared in the schedule of the policy being:-
  • Any One Loss
  • Series of losses arising from the same event

  • EXCESS
  • If an excess has been specified in the policy schedule, the insured must bear this amount first whenever there is a claim or series of claims resulting from an event insured against

  • EXCLUSIONS
  • Wear, tear, ordinary leakage, ordinary loss in weight or volume or inherent vice of the goods
  • Delay, loss of market or consequential loss of any description
  • Medical, electrical or electronic breakdown or malfunction of goods where there is no external evidence that an even insured against has occurred
  • The absence, shortage or withholding of labour of any description resulting from any strike, lockout, labout disturbance, riot or civil commotion
  • Any process or use, trial, testing or repair
  • War, warlike activities
  • Anything nuclear or radioactive
  • Terrorism

  • REQUIREMENTS
  • A duly completed proposal form
  • Insured's ID/Registration and PIN

  • CLAIM PROCESS
  • Report claim within 3 days or incident happening or within a reasonable time
  • Document the claims by providing a duly completed claim form, police abstract, driver's licence, records of the goods and evidence of approval to transport the goods
  • Take all measures to protect/reduce loss to the goods in the event of an incident