Goods-In-Transit Insurance

This insurance covers the risk of loss or damage by any accident or misfortune to the insured’s goods whilst in transit or whilst in course of loading onto or unloading from the vehicle or whilst temporarily housed in the ordinary course of transit within Nigeria.

 

Marine Insurance

This insurance is similar to the “Goods in Transit Insurance” except that, the cover is provided for losses sustained whilst the goods are in transit by sea or air outside the country. The insurance is deemed to be in force from the time the goods leave the warehouse for the commencement of transit and continues during the ordinary course of transit. It terminates upon receipt at the final warehouse.