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Goods in Transit Insurance Policy Wording

( sample, provided by Aviva.)

This is a summary of the policy and does not contain the full terms and conditions of the cover, which can be found in the policy document. It is important that you read the policy document carefully when you receive it.

Name of the insurer for GIT Insurance

The insurer of the goods in transit insurance policy is Aviva Insurance Limited.

Type of insurance and cover

This goods in transit insurance policy is designed to meet the legal liability insurance needs of hauliers, warehouse keepers, couriers and freight forwarders for loss or damage to customers goods, in accordance with the conditions of contract, carriage or trading specified in the policy schedule. Key covers, features and exceptions

This summary provides an over view of the key covers, features and exceptions available within the policy. If you have selected any of these covers they will be itemised in your schedule and full cover details will be sent out in your policy booklet.

GIT Insurance Cover - all risks

An indemnity for Your contractual liability for loss or damage to Goods occurring within the Geographical Limits during the Period of Insurance arising from any fortuitous Occurrence whilst the Goods are in transit on any Vehicle or whilst temporarily stored in the course of transit.

(Temporary storage of Goods shall be deemed to be in a building of substantial construction built only of brick and/or stone and/or concrete and/or part brick/ part metal with a slate and/or tiled and/or metal and/or asbestos and/or concrete roof in the course of transit on or off the Vehicle but excluding where such storage is undertaken: (a) for a fee; or (b) subject to a contract for storage and distribution). Provided always that in the event of an Occurrence resulting in an indemnity under the policy We will not pay more than: a) the respective limits of liability specified in the policy or The Schedule; or b) the value of the lost or damaged Goods; or c) the cost of repair or replacement part or parts of lost or damaged Goods; whichever is the less.

RHA - Liability under Road Haulage Association Conditions of Carriage.

For full Policy terms and conditions please refer to the master Policy document held by Milestone Insurance, Milestone House, 20 Parkside, Horsforth, Leeds, LS18 4DN MILESTONE HAULIER SCHEME

SUMMARY OF COVER

FTA - Freight Transport Association Conditions of Carriage 2002

CMR - Liability under the convention of the Contract for the International Carriage of Goods by road assumed by the Insured.

Goods - Goods and/or Merchandise not Your property but for which You are responsible in accordance with the Conditions of Contract, Carriage or Trading under which You operate as specified in The Schedule.

Vehicle - Vehicles &/or Trailers owned or operated by the Insured

Geographical Limit

• Zone 1
• England, Scotland, Northern Ireland, Republic of Ireland, Wales, all offshore islands, (including the Channel Islands), only.

• Zone 2
• Zone 1 plus Austria, Andorra, Belgium, Denmark, France, Germany, Gibraltar, Liechtenstein, Luxembourg, Monaco, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland only.

Your goods in transit (GIT) insurance Policy Cover>

It is understood and agreed Contingency 4 is amended to read:-

This insurance will also pay for any increased costs necessarily and reasonably incurred by the Insured to avoid or to mitigate loss or damage following the happening of an event giving rise to a claim under this policy of insurance but no claim will be admitted hereunder for any such costs which are agreed by the Insured under contract or for any penalty clauses agreed in respect of delays or loss/damage arising during transit. Limit of liability not to exceed £2,500 each event or series of events arising out of one cause.

Exclusions

This GIT policy does not provide an indemnity for the following;

Loss or damage to living creatures, household or industrial removals, bullion, cash and the like, bank notes, stamps, prepaid phone cards and similar, bonds, treasury notes, securities or explosives, fine arts, specie and negotiable instruments.

Loss or damage caused by Depreciation &/or deterioration Mechanical /Electrical / Electronic Derangement Defective /inadequate packing / insulation / labeling Shortage in weight, evaporation or ordinary leakage, Deliberate abandonment

For full Policy terms and conditions please refer to the master Policy document held by Milestone Insurance, Milestone House, 20 Parkside, Horsforth, Leeds, LS18 4DN MILESTONE HAULIER SCHEME

Summary of cover

Vermin, wear & tear, or gradual deterioration; Contamination; Loss of market resulting from late delivery Security Clause - M

No claim will be admitted for theft or attempted theft when any vehicle is unattended unless:-

1. All doors, windows and other points of access have been securely shut and locked with any security devices correctly set to operate, the keys removed from the vehicle and unattached trailers have had anti-hitching device put into operation.
2. When within the perimeter of the M25 orbital motorway between 9pm and 6am such vehicle is parked within a securely locked building of substantial construction or within a securely locked compound surrounded by secure walls and/or fences.

The onus of proving that the exact requirements of this clause have been complied with shall rest with You.

Additional Inclusive Cover

• Cover in respect of the undernoted target goods up to a maximum of 50% of the Vehicle Limit shown in the Schedule Wines and/or spirits including but not limited to champagne Cigars, cigarettes & Tobacco
• Furs & Ready made Garments
• Precious stones &/or metals
• Non Ferrous metals
• Audio/Visual/Computer Equipment and accessories/cameras and the like Mobile phones
• Cover for Ropes, Sheets, Toggles and Dunnage unlimited indemnity
• Debris Removal, site clearance, transhipment & Recovery costs unlimited.
• Personal Effects of the Insured up to £250.00. The term “Personal Effects” shall not be deemed to include cash, credit cards, watches, jewellery, audio/visual/telecommunications equipment.
• Temporary housing on or off vehicles in the ordinary course of transit.
• Temporary substitutions of vehicles
• Permanent substitutions of vehicles if advised within 21 days Additional Optional Covers Higher Limits for target Goods Refrigerated Goods
• UK AND WESTERN EUROPE (EXCLUDING ITALY)
• Goods in transit insurance cover for £100 RHA’91/RHA’98 & FTA 2002 £250 All Risks & CMR
• SUMMARY OF COVER
• £500 Deterioration of Stock
• ITALY - Excluding Theft from unattended Vehicles except during meal/toilet breaks taken on the same premises as the Vehicle. 20% coinsurance clause in respect of theft howsoever arising but subject to a maximum contribution of £5,000 Reasonable Care

If, in relation to any claim, You have failed to comply with any of the following conditions, You will lose Your right to indemnity, or payment for that claim.

You must: a) only employ reliable and competent drivers and/or employees and/or appoint reliable and competent agents and/or servants contracted on Your behalf; b) take all reasonable measures to: (i) prevent loss of or damage to the Goods and/or other property; (ii) secure loads properly; (iii) maintain all Vehicles in accordance with current Law; (iv) ensure any Vehicle is suitable for the purpose for which it is to be used; (v) incorporate your Conditions of Contract, Carriage or Trading; c) allow Us and/or persons acting on Our behalf access to examine any Vehicle which You operate or premises from which You operate. For

Goods may be moved by yourselves or persons paid to deliver your consignments eg, couriers goods in transit insurance, hauliers or shipping companies.

You, as the owner of the goods, cannot depend on the conditions of carriage for compensation, which may limit the liability of the shippers, hauliers or airline. It may even be excluded and you could be left to swallow the loss yourself.

Getting the right Cargo goods in transit insurance cover

We offer a wide range of policies including

• Annual cargo Insurance - rated + adjusted annually
• Open cargo - periodic declaration with annual review
• Faculative - single
• Cargo / Stock throughput

Freight Liability - Goods in Transit Insurance

When you, the haulier, courier, airline... enter into an agreement to provide a service, you have made a contract.

If you do not clarify your liability, you may be liable in Common Law for ALL loss or damage arising to the items in your custody

It is possible to limit your liability through the use of a trade association, eg RHA, £1,300 per tonne.

Getting the right freight insurance cover

Milestonehouse.com have a range of courier git insurance and haulage git insurance policies.

Can I get discounts off my Goods in Transit Insurance?

Yes - We have access to some of the best UK commecial insurers and in most cases we can offer discounts on cargo goods in transit insurance quotes

Milestone Insurance believe in providing a great service to its customers, we can help you find the right goods in transit insurance cover at competative rates.