What is Goods in Transit Cover?
We provide cover against loss or damage to property arising from accidents while loading, unloading, during conveyance and when goods are in temporary housing in the course of transit.
- We offer you flexible coverage options
- Our policy has negotiable insurance cover rates and you also get to inform us of the extent of cover you would like.
- We provide you with a worldwide claims survey and settlement assistance.
- The general description of the goods covered
- The maximum value payable under the policy
- The value of any one consignment
Under this policy you are cover against loss or damage to property arising from accidents while loading, unloading of goods and whilst goods are in transit.
The insured is required to periodically provide the insurer with:
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- Willful misconduct of the insured(the merchant)
- Ordinary leakage, loss in weight, wear and tear of goods
- Insufficient packing, inadequate storage in a container, inherent vice, or goods deterioration caused by delay
- Insolvency or financial default of the owners, managers and so on, of the vessel
- Loss or damage due to nuclear weapons/radiations
- Deductible/excess
- Loss due to unseaworthiness of the vessel
- Consequential loss
Some types of loss are not insured. The main exclusions are loss or damage caused by:
To discuss your Marine Insurance requirements, contact your broker, agent or call us directly on +254 0711 065 100 or email us at marine@uap-oldmutual.com.