Goods in Transit
Goods in Transit policy is mainly for people who move from one place to another on account of transfer of services or to premises. Especially, when goods of high value are being transported, it is advisable to avail oneself of this policy as recovery rights, if any, against the transporter, are long drawn and ligitation is expensive.
The policy covers loss or damage to the goods arising out of fire or accident to the vehicle in which goods are being carried and accident of the carrying vehicle due to any reason. The policy besides covering 'Road risks' also covers loss or damage due to theft, pilferage, accidental damage. The cover is operative right from loading of the goods until discharged at destination.
