An Annual Goods in Transit policy, similar to a Marine Open Cover, is a tailor made policy to suit the Insured’s requirements. It is an annual policy for cargo transits by road where the premium is based on the value of goods in transit, at the insured’s risk, during the policy period. It is the simplest and most convenient way to cover the insured’s inland transit risks. The cover options available for Annual Goods in Transit is available is as follows:
- Land Transit All Risks Insurance: Covering All Risks, subject only to the exclusions specified on the policy.
- Land Transit Basic Insurance: Covering the risks of Fire, Collision with or by the carrying vehicle(s) or Overturning of the carrying vehicle(s).