Goods in Transit Insurance

Technically, in India, Inland Transit is a branch of Marine Insurance. However, for a website, it’s best to list it separately because “Marine” sounds like it’s only for ships, whereas “Goods in Transit” clearly applies to a truck moving on the NH44.

ITC-A (All Risk): Covers everything except specific exclusions (widest cover). & ITC-B (Basic): Covers specific “perils” like fire, lightning, and accidents (limited cover).

Not by default in a basic policy. You must ensure your policy is an “All-Inclusive” or “Loading/Unloading” extended cover. In India, many damages happen due to rough handling by laborers at the warehouse, not just on the road.

This is covered under the “Overnight Halt” clause. Most Indian insurers require that the truck be parked in a “safe and supervised” area (like a transport nagar or a gated dhaba) for the theft claim to be valid.

In India’s monsoon climate, this is crucial. Rainwater damage is often an exclusion in basic plans. You must specifically check for an “All Risk” policy or add a “Water Damage” extension to protect your goods during the rainy season.

Both. You can buy “Own Vehicle” cover (if you have your own fleet) or “Hired/Public Carrier” cover. Just make sure the vehicle has a valid Fitness Certificate (FC) and Permit, as Indian insurers will reject claims if the truck is plying illegally.

Single Transit means good for one-off moves (e.g., shifting office) whereas Open Policy means best for businesses with daily shipments. You pay a bulk premium upfront and just “declare” your shipments every month.