Goods-In-Transit Insurance

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This policy covers the carriage of goods from one locations/site to another.  It is usual for the policy to be issued on All-Risk-Basis.

When issued on this basis, the policy gives cover to all risks of loss or damage to specified property of the insured whilst in transit including loading and unloading by specified means within Nigeria. Different limits will be applied to various methods of conveying the goods and for attractive goods such as television, wines, oils, spirits and cigarettes.  If conveyance is on insured vehicles, the policy will be subject to agreed protection both to prevent the load being removed and the vehicle being driven away.