Our Goods in Transit Cover ensures protection for merchandise and other inventories while they are in transit from the seller’s premises to the agreed point of delivery to the buyer. This insurance safeguards against various risks such as loss, destruction or damage to goods during transportation by road or rail.
Whether you opt for an Open Cover or Specific Cover, Cannon General Insurance offers tailored solutions to meet your needs.
Scope of Coverage
Goods in Transit Cover includes the following key aspects
Cover Benefits
The policy provides compensation for loss or damage resulting from various risks, including but not limited to either
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Fire
Damage caused by fire during transit
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Collision
Damage due to collision involving the transporting vehicle
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Accidental Overturning
Coverage for damage when the vehicle transporting goods overturns accidentally
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Derailment
Protection against goods damaged during rail derailment
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Water/Rain Damage
Compensation for damage caused by water or rain during transit
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Theft
Losses due to theft of goods while in transit
Additional Considerations
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Open Cover vs. Specific Cover
Choose between an Open Cover, which anticipates the total number of transits in a year (adjustable based on actual declarations) or a Specific Cover tailored for declared consignments before transit
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Customizable Solutions
Cannon General Insurance offers flexible options to meet specific transit needs, ensuring peace of mind for businesses involved in regular transportation of goods
Ensure your goods are protected throughout their journey with Goods in Transit Cover from Cannon General Insurance.