AIICO Insurance’s Goods in Transit policy (GIT) covers the goods of the insured against fire, theft or accidental damage while the goods are being loaded or unloaded, as well as, while the goods are in transit or whilst temporarily housed within the general course of transit.
Therefore, if you’re in charge of providing a service centered on goods in transit, it’s highly important to protect yourself from these unavoidable incidents. Failure to do so could prove costly in covering any claims made against your business as well as time spent dealing with these episodes.
There are two types of cover available namely:
This cover as it includes all the risks above listed. Cover commences immediately the goods are being loaded on to the transit vehicle and lasts until the goods are unloaded at the final destination. The conveyance can be either by road or by rail or by air or by water, and the geographical limit is anywhere in Nigeria.
Cover here is restricted in the sense that it only covers losses following an accident, collision or over-turning of the conveying vehicle. Cover similarly operates anywhere in Nigeria.