Goods-in-Transit

Goods-in-Transit insurance covers loss or damage to property caused by fire, theft or accidental means while the said property is in transit by road or rail or while housed temporarily in the course of transit. The cover will extend to the loading or unloading of the property with respect to the said transit

  1. Single transit policy as the statement implies for one transit only
  2. Open Policy: This is for clients requiring cover for more than one transit within one year period. Each and every consignment can be declared on a monthly or periodical basis.

The claims procedure

G.I.T. policies do not differ from other insurance policies where general requirements are:

  1. Immediate claim notification to the underwriter.
  2. A statement of loss or damage sustained including proof of value ownership/ possession.
  3. Police abstracts etc.