Goods in transit insurance (often shortened to GIT) is a type of insurance policy that provides cover for loss, damage or theft of goods while they are being transported from one location to another. This type of insurance is designed to protect businesses and individuals who transport goods as part of their regular operations, such as couriers, hauliers, and freight forwarders.
The cover provided by goods in transit insurance typically includes a range of risks, such as accidental damage to goods, theft, loss, and damage caused by fire or other perils. Policies can be tailored to suit the specific needs of the business, and can provide coverage for a single trip, or for a set period of time.
It is important to note that not all goods are automatically covered by goods in transit insurance, and there may be exclusions or limitations to the cover. Therefore, it is important to carefully review the policy terms and conditions to ensure that the coverage meets the needs of the business.