As a removals company, we understand the importance of ensuring that our clients’ belongings are protected during transit. No matter how careful we are during the packing and moving process, accidents can still happen. That’s why we highly recommend investing in Goods In Transit (GIT) insurance to provide an extra layer of protection for your belongings.
In this guide, we’ll explore the ins and outs of GIT insurance, including what it is, why it’s important, and how to choose the right policy for your needs.
What is Goods In Transit Insurance?
Goods In Transit insurance is a type of insurance that covers goods being transported from one location to another. This type of insurance is specifically designed to protect your belongings while they are in transit, whether that be on a removal truck, a courier van, or any other type of vehicle.
In the event of damage or loss, GIT insurance will cover the cost of repair or replacement. This type of insurance can also cover other costs associated with the loss or damage of your belongings, such as storage costs, delivery charges, and more.
Why is Goods In Transit Insurance Important?
If you’re moving home or office, you may be wondering why you need GIT insurance. After all, you’ve already taken steps to ensure that your belongings are packed and loaded safely onto the removal truck. However, accidents can still happen, and having GIT insurance can provide peace of mind knowing that you’re covered in the event of a loss or damage.
Without GIT insurance, you would be responsible for the cost of repairing or replacing any lost or damaged items. This can be an unexpected and costly expense, especially if you have valuable items such as artwork, antiques, or electronics.
In addition to providing financial protection, GIT insurance can also help to speed up the claims process. If your belongings are lost or damaged, the claims process can be lengthy and complicated. With GIT insurance, you’ll have a dedicated claims handler who can guide you through the process and ensure that your claim is processed quickly and efficiently.
What Does Goods In Transit Insurance Cover?
Goods In Transit insurance can cover a wide range of items, from furniture and household goods to commercial goods and machinery. The exact coverage will depend on the policy you choose, but typically GIT insurance will cover the following:
- Loss or damage to goods in transit: This is the primary coverage of GIT insurance. If your belongings are lost, stolen, or damaged during transit, GIT insurance will cover the cost of repair or replacement.
- Theft or attempted theft: GIT insurance will cover the cost of your belongings if they are stolen or an attempted theft has occurred.
- Accidental damage: If your belongings are accidentally damaged during transit, GIT insurance will cover the cost of repair or replacement.
- Fire and explosion: If your belongings are damaged as a result of fire or explosion, GIT insurance will cover the cost of repair or replacement.
- Third-party liability: If your belongings cause damage to a third party during transit, GIT insurance will cover the cost of repair or compensation.
What Does Goods In Transit Insurance Not Cover?
While GIT insurance can provide comprehensive coverage, there are certain exclusions to be aware of. The exact exclusions will depend on the policy you choose, but typically GIT insurance will not cover the following:
- Damage caused by inadequate packing: If your belongings are damaged as a result of inadequate packing, GIT insurance may not cover the cost of repair or replacement.
- Damage caused by normal wear and tear: GIT insurance will not cover the cost of repair or replacement if your belongings are damaged due to normal wear and tear.
- Loss or damage caused by delay: If your belongings are delayed during transit and as a result, suffer loss or damage, GIT insurance may not cover the cost of repair or replacement.
- Loss or damage caused by an act of terrorism: Most GIT insurance policies will exclude coverage for loss or damage caused by an act of terrorism.
It’s important to read the policy documents carefully to understand what is and isn’t covered by your GIT insurance policy.
How to Choose the Right Goods In Transit Insurance Policy?
When choosing a GIT insurance policy, there are several factors to consider:
- Coverage limits: The coverage limit is the maximum amount that the insurer will pay out in the event of a claim. Make sure that the coverage limit is sufficient to cover the value of your belongings.
- Deductible: The deductible is the amount that you will need to pay out of pocket before the insurance policy kicks in. Make sure that the deductible is affordable and that you can cover the cost if needed.
- Exclusions: Make sure to read the policy documents carefully to understand what is and isn’t covered by the policy. Look out for exclusions that may impact your coverage, such as inadequate packing or acts of terrorism.
- Reputation of the insurer: Choose an insurer with a good reputation for customer service and claims handling. Look for reviews and ratings from other customers to get an idea of the insurer’s reputation.
- Additional coverage: Some GIT insurance policies offer additional coverage options, such as coverage for high-value items or coverage for items in storage. Consider these additional coverage options if they are relevant to your needs.
In summary, Goods In Transit insurance is an essential form of protection for anyone who is moving home or office. It provides peace of mind knowing that your belongings are covered in the event of loss or damage during transit. When choosing a GIT insurance policy, make sure to consider the coverage limits, deductibles, exclusions, and reputation of the insurer. With the right GIT insurance policy in place, you can have confidence that your belongings are protected during transit.