- Goods in Transit (Inland)
Compensation is provided against loss or damage to property if lost or damaged whilst in transit. Protection operates only in respect of inland transits and is extended to loading and unloading operations. Insurance may be arranged on a blanket basis for all annual transits and the premium is adjusted on the basis of the actual value of property transported as declared by the insured.
Cover is generally arranged to protect the insured cargo against material damage whilst being transported from warehouse to warehouse. However other variations are available.
Cover for air transit risks are usually secured under the standard marine form policy.