Do you transport your products to your clients or do you own a moving or delivery company? What happens if the goods you’re delivering or receiving are damaged or stolen? This is where Goods in Transit cover comes into play. Let us explain what exactly Goods in Transit Insurance is and why you should add it to your business insurance policy.
Why is Goods in Transit Insurance good for your business?
Goods in Transit Insurance has been developed to protect both the sellers and buyers against financial loss should something happen to the goods while they’re being transported. Hence, you can rest assured that your goods are covered whether you are sending or receiving them.
You’ll be covered against hazards such as:
• collision,
• fire,
• explosions,
• natural disasters,
• malicious damage,
• hijacking, and
• if the vehicle rolls.
What is covered?
Depending on the type of product you choose there can be some variables, so be sure to ask your Indwe advisor to take you through your policy thoroughly. The general Goods in Transit policy will include the following cover:
• goods being transported within South Africa and our neighbouring countries,
• carriers liability,
• trade goods,
• raw material, and
• rope, chains, tarpaulins and packaging material used to transport goods.
What should you ask about?
Always ask your insurance advisor to take you through your insurance policy, explaining to you what exactly is covered and what is not. When you take out a Goods in Transit policy, make sure you have answers to the following questions.
• Are you covered while transporting your goods outside South African borders?
• Are you covered for the deterioration of goods?
• Are you covered while loading or unloading goods?
• Do you have sufficient cover? Rather choose a more expensive option that will cover all your needs.
• What are all the terms and conditions?
• How do you submit a claim?
To make sure your goods are covered, call an Indwe advisor today on 0860 13 13 14 and we will compile and compare quotes suited to your business.
Indwe is an Authorised Financial Services Provider.
Terms and conditions apply.