Goods In Transit Insurance
It is an 'All Risks' policy covering goods being carried from one location to another. Any loss specifically excluded under the policy is covered and the insurance is suitable for the organization that is engaged in the movement of goods either by road or rail and the cover will operate when the goods are being conveyed by owner's vehicle or hired vehicles. Losses arising from Fire and Theft are covered under this policy.
It is important to note that this policy is also suitable for imported goods whose shipment terminates at the port and further conveyance becomes necessary in-land to the final warehouse.