The policy covers the goods insured whilst in transit from a designated point by road, rail, waterways or air until delivery at the point named as destination. The cover could be any of the following two;
- All Risks Cover: Provides an all risks cover for the insured goods against loss or damage from any accident or misfortune to goods in transit by any vehicle owned or hired by the insured. Covers include loading and unloading risks, whilst temporarily housed in ordinary course of transit within Nigeria.
- Restricted Cover: it covers the loss or damage to the goods resulting from fire, theft and accidental collision or overturning of conveying vehicle.