Goods in Transit vs Marine Cargo Insurance Coverage
Goods in Transit Insurance differs from Marine Cargo Insurance. Goods in Transit Insurance is coverage for goods or cargo on land only. This covers road and rail transport plus coverage while waiting for transport. A land transport insurance.
Marine Cargo Insurance covers transportation of goods by land, sea and air. Which is a bigger scope of coverage, thus more expensive than just land transportation insurance alone.
Insurance Coverage for Goods in Transit
There are several insurance companies like AXA, Liberty Insurance, RHB Insurance, Takaful Ikhlas and many more that are providing this type of business insurance. They have different forms, prices and terms and conditions. Red Cover insurance agents deal with these insurance companies to get you the best options, prices and terms for your specific needs.
You can see the types of business insurance offered by Red Cover agents at the Red Cover Business Insurance summary page.
This insurance for transporting goods covers damages or losses to goods moving on land. This includes transport on road and rail. While waiting in a warehouse or parking area. And while loading and unloading goods on land. The duration of this insurance policy coverage depends on your requirements and is usually on a 12 months basis.
Damages or losses caused by theft and pilferage or fire, floods, explosion, lightning and other accidental means. This coverage however can differ between insurance companies. Contact our Red Cover agents to get the best coverage option for your insurance coverage proposal for your transport route on land in Malaysia.
Normal goods or cargo for factories, shops and houses transported on land. This includes house moving, retail products, construction goods, parts and materials for production and service centers. There are some types of goods that may not be covered. Contact our Red Cover agents for clarification on this.
Goods In Transit insurance pricing depends on the value of your goods, how well secured the Goods are from theft and fire and the track record of the drivers. This includes if you have a record of declined proposals or severe increase in rates on renewal of policies.
Contact Insurance Agent for Best Insurance Proposals in Malaysia
Levine Lee has over 18 years of working experience with AIA and ING Insurance as an insurance agent and life planner. Jeffrey Teoh has over 20 years of experience with the best group insurance company in Malaysia, including Allianz. And Colin Chow is a trusted insurance agent with over 13 years of experience in the industry.
Contact LEVINE LEE, at info@redcover.com.my or +6012 684 0948. She is the focal point for initial customer contact. Jeffrey Teoh, Colin Chow, or other Red Cover insurance team members will step in to contact you depending on your insurance requirements.
Levine and her team can work with you to create the best insurance proposal and quotations to meet your needs and budget plans. The team can get you quotations from various Insurance Companies in Malaysia for your general business insurance needs.
Business and General Insurance – Request for Quotation
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