Inland Transit
"Inland Transit Insurance:
Protecting Your Goods on the Move."
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- Sample Headings
About IT- Inland Transit
- What is Inland Transit? (Click on Every points should be get breif explanation as below mentioned Contents)
- Basic Coverages.
- Add On Coverages.
- Claim Process Support.
- Free Consultation for the PLI Product.
What is Inland Transit?
Inland transit insurance is a type of coverage within marine cargo insurance that protects goods being transported over land, typically from the point of origin to a port or from a port to the final destination. It covers the risks associated with the movement of goods via various land transportation modes, such as trucks, trains, or other vehicles, against perils like theft, accidents, damage, or loss during transit. This insurance ensures that the cargo is protected not just while on the sea but also during the entire journey, including the inland segments.
Basic Coverages
Transit insurance coverage provides financial support to businesses that might face considerable losses if their goods are damaged during transit. The policy, therefore, helps keep the business finances stable even after a loss.
- Theft
- Accidents
- Damages
- Loss during transit
Add-on Coverages.
- War and Strikes Coverage: Protects against loss or damage caused by war, strikes, riots, and civil commotion.
- Terrorism Coverage: Covers loss or damage due to acts of terrorism.
- Storage Coverage: Extends protection to goods while stored temporarily during the transit process.
- Loading and Unloading Coverage: Covers risks associated with loading and unloading goods onto or from the transport vehicle.
- Contingency Insurance: Provides coverage if the buyer’s or seller’s primary insurance fails to respond or is insufficient.
- Debris Removal: Covers the costs associated with removing debris resulting from an insured loss.
- Refrigeration Breakdown: Protects perishable goods against loss or damage due to breakdown of refrigeration equipment.
- Fire and Theft Coverage: Specifically covers losses due to fire and theft during transit.
- Hijacking Coverage: Protects against losses from the hijacking of the transport vehicle.