Cargo in Transit
This is a policy which covers cargo whilst it’s in transit through air, sea or land, this includes protection during intermediate storage Furthermore, this policy may be applied on an All Risk Basis or a Restricted/extension cover basis against incidental risks such as: wars, strikes etc.
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Specifically focused on pleasure and recreational crafts, boats and yachts, the variations on this type of insurance cover include: loss or damages to the Hull due to perils such as: fire, piracy, other sea perils and liabilities for collision or as well as indemnity coverage.
This type of insurance provides coverage to ships and/or other moveable waterborne properties.
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