TRANSPORTATION INSURANCE:


This insurance provides coverage to goods while in transit.

This is a coverage that can be tailored to many situations, such as a
contractor who may receive steady deliveries of equipment to be
installed by them for customers. A transportation policy may be
written to cover against loss or damage to such property, either while
in the custody of carriers named in the policy or by their own trucks.
Insurance may be written on a specified cause of loss or an all risk basis.
If all shipments are handled by insured’s own trucks, a motor cargo
owners policy should be used instead.