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- Transit Insurance @1.5% of declared value covers only transit damage (CONDITIONS PERTAINING TO THE TRUCK MEETING WITH AN ACCIDENT/FIRE/THEFT/FORCE MAJEURE)
- Transit Insurance is subject to deductible till 10000 or 10% of the declared value, whichever is greater.
- Retention of payment automatically disqualifies for the insurance claim. We request consignee to clear payment before raising the claim
- Transit Insurance does not include the claim of warranties.
- Excluding Manual Loading and Unloading damages
- Excluding Rusting, Oxidation, Discoloration, Staining and Pitting losses howsoever caused
- Excluding any coverage for any statues, sculptures, or handicrafts made of marbles under this policy
- It is warranted that if the weight of the cargo exceeds than Registration Laden weight Licensed Carrying Capacity of the vehicle as mentioned in the Registration Certificate of the vehicle then any loss or damage arising out of such transit is not covered under the above-mentioned policy.
- Warranted that adequate packing, lashing, storage, and securing of cargo during the intended journey
- Warranted cargo should be packed in packing with proper sign and signal information about the nature of Fragile Cargo displayed on outer packing to avoid handling losses.