INLAND TRANSIT INSURANCE

 

WHAT IS COVERED?

 

BASIC COVER

The insurance covers “All Risks” of loss or damage to the subject-matter insured except exclusions under the Policy Wording.

 

Some Exclusions

1). Capture, seizure, arrest, restraint or detainment and the consequences thereof or any

attempt threat:

2). Derelict mines, bombs or other derelict weapons of war

Standard Exclusions

  • Deductible stated in the policy
  • War
  • Strikes
  • Terrorism
  • Institute Radioactive Contamination, Chemical, Biological, Bio-Chemical and Electromagnetic Weapons
  • Radioactive Contamination
  • Nuclear Energy Risks
  • Sanctions
  • Infectious Diseases
  • Institute Cyber Attack Exclusion Clause

 

What is the Risk Information for our pricing?

1.        Client Information    

2.        Nature of Business   

3.        Type of policy 

Type

  1. ​Annual policy
  2. One-time shipment
  3. Open policy

 

4.        Interest Insured (Types of Goods, Description of Goods, Quantity, Sum Insured/Shipment)

5.        Estimated Annual Carrying

6.        Bill of Lading              

7.        Commercial Invoice

8.        Packing List

9.        Voyage/Destination

10.    Description of Goods Packaging

11.    Type of Transportation

12.    Loss/Claim in the past 3 years