Goods-In-Transit

Goods-In-Transit:  This is a policy that provides cover for loss of or damage to goods whilst in transit by mode of rail or road transportation.  It also provides cover for loss or damage during loading or unloading depending on the cover.

Cover under GIT policy could be either All Risks or Restricted Cover.

All Risks Coverage: covers the goods/consignments against theft and loss or damage due to accident to the conveying vehicle while in transit.

Restricted Coverage: covers only loss or damage to goods which

results from an accident to the carrying vehicle. This simply means that the insured cannot claim for loss or damage to goods/consignments unless the carrying vehicle is involved in an accident.