Goods-In-Transit insurance policy covers loss of or damage to the goods insured (owned or for which you are legally responsible) caused by accident, theft, collision, overturning or fire whilst in transit by road, air, rail and inland motor ways.
The policy also operates during the loading and unloading of goods.
However, delicate or fragile goods such as glass and explosives are not covered (unless declared at the start of the policy).
You can buy this insurance on either All Risks or Restricted Cover.
All Risks- This type provides a very wide cover as it includes all the risks mentioned above. Cover commences immediately the goods are being loaded on to the transit vehicle and lasts until the goods are unloaded at the final destination. The conveyance can be either by road, air or by rail, and the geographical limit is anywhere in Nigeria.
Restricted Cover - Cover here is restricted in the sense that the risk of theft is only covered following an accident, collision or over-turning of the conveying vehicle. Cover similarly operates anywhere in Nigeria. The restricted cover is the one recommended for use.
This policy covers you against:
a) loss of or damage to your property whilst in transit by road, rail, air and inland motor ways
b) accident, theft, collision, overturning or fire of your property whilst in transit anywhere in Nigeria.
For more information, kindly call 01-2912543. BBM: C002A41B5 Twitter: @con_hallmark