ICEA LION GOODS IN TRANSIT INSURANCE
What is ICEA LION’s Goods in Transit (GIT) Insurance?
This cover provides insurance for your goods whilst on transit on road, rail or waterways within your specified geographical area. This is also known as inland transit insurance. This cover includes damage, destruction or accidental loss from natural and man-made occurrences for goods which belong to you or which you are responsible for. It can also offer liability protection during loading and unloading and temporary housing for your cargo whilst in transit. If you are using trucks and trains, this cover will be sufficient for you. In the event you are transporting goods via sea or air freight, then you will need to take up marine cargo insurance.
The Goods In Transit insurance kicks in from the time your goods are being loaded on to the transporting vehicle, trailer or wagon and stops once the goods are unloaded at your final destination. In the unfortunate event something goes wrong and your goods do not get to the intended destination, the policy extends to protect your goods as they are being loaded and transported onto the alternative means of transportation.
Goods in Transit (GIT) insurance is sometimes confused with Marine Cargo Insurance because of their similarity in offering protection for your goods during their transportation. Marine Cargo insurance is a form of Goods in Transit Insurance which specifically covers transportation of goods by sea, rail, road or air. Click here to learn more about ICEA LION’s Marine Cargo Insurance.
Who Should Take Up ICEA LION’s Goods in Transit (GIT) Insurance?
This cover is available for individuals or businesses and is important if you have transport goods using road, rail or any inland waterway. These can be goods being loaded upon or unloaded from any vehicle, trailer or wagon that is either in transit or is temporarily housed in the course of transit.
Our cover can be arranged to give protection for your goods transported based on the following scenarios:
- If you are using a vehicle, trailer or wagon owned by you or your company which you specifically designate to transport the insured goods
- If you are using a specified vehicle, trailer or wagon hired or being used by you or your company
What is Covered Under ICEA LION’s Goods in Transit (GIT) Insurance?
- Theft of goods while in transit
- Damage to goods caused by accidents during transit
- Loss of goods during transit
- Damage to goods caused during transit
- Fire
- Lightning
- Breakage of bridges
- Collision with or by the vehicle, trailer or wagon carrying your goods
- Over-turning of the vehicle
- Derailment or accidents of like nature to the wagon.
Helpful Hint!
You can choose what cover you want from the options below
- Open Cover where you can indicate the total number of anticipated transit in the year. You will then need to declare the actual transits in the year.
- Specific Cover where you declare and cover particular consignments before the actual transit.
What Else Should I Know About ICEA LION’s Goods In Transit Insurance?
Our policy extends to cover expenses reasonably and necessarily incurred as relates to:
- The cost of debris removal in the course of removal of property damaged from the site where damage occurred
- Transferring property from the vehicle following an accident and relodign to another mode of transport
- Securing and protecting the property as the site of the accident
- Damage (excluding wear and tear) to tarpaulins, sheets, trailer curtains, ropes, chains, webbing straps and packing materials following an accident
It is important to note that the total amount recoverable under these extensions shall be subject to a maximum of 10% of the Limit of Liability stated for any one consignment. The maximum amount payable on the total claim shall not exceed the limit stated in the Schedule for any one consignment.
Now that you understand the basics of our Goods in Transit Insurance and would like to engage with us, click here to buy your marine insurance. If you would like to talk to us in person, you can call us on +255222774999, 2775039 or request a call back by clicking here.
