CGIC Inland Insurance
An insurance protection Against damages of goods during inland transportation.
Inland – this refers to transit of cargo or merchandise from one point to another by road or rail. The basic coverage is limited to risks while on-board the carrying conveyance and in general relate to road / railway accidents.
Coverages:
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Truck Risks Clause (Basic Cover) – covers loss of or damage to the cargo or merchandise whilst on board the carrying conveyance due to:
- Fire and explosion
- Accidental collision
- Overturning of conveyance
- Collapse or subsidence of bridges
- Robbery and Hi-jacking (Optional Cover subject underwriter’s approval) - Covers loss of or damage to the cargo or merchandise due to robbery during the course of transit. Robbery refers to the taking of the goods by third parties through the use of force or intimidation.
- Loading and Unloading (Optional Cover subject to underwriter’s approval) -Extends the coverage of the basic Truck Risks Clause to include the risk of loss or damage to the goods or merchandise due to mishandling during loading and unloading unto the carrying conveyance.
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