Norwest NSW
Goods in Transit Insurance
The moment your goods leave your premises, they're no longer covered by your contents policy. They're on the road, in a van or truck, or in someone else's depot. That's where goods in transit cover comes in.
It protects goods while they're being moved, whether you're doing the driving or you've paid a carrier to do it.
Who it suits
- Wholesalers and distributors
- Tradies carrying tools and materials
- Couriers and removalists
- Retailers sending stock between sites or to customers
- Food and beverage suppliers
What it can cover
- Accident, rollover and collision
- Theft of goods, including from a vehicle, subject to conditions
- Fire and storm damage
- Loading and unloading damage, in some policies
What to check
- Theft conditions. Many insurers need the vehicle locked and the load secured.
- Refrigerated goods. Breakdown of the unit may be a separate extension.
- The limit per vehicle or per trip.
- Whether goods are covered while sitting in a depot overnight.
Case study
An example
A furniture supplier's delivery van is involved in an accident on the way to a customer. The van is repairable, but the load is damaged beyond sale. The motor policy covers the van. Goods in transit cover is what pays for the furniture.
Illustrative example only. Cover depends on your policy wording.
Contact us
To set it up, we'll ask:
We're based at Suite 2.02, 2-8 Brookhollow Ave, Norwest NSW. Call 02 8660 2305 or email admin@idealbrokers.com.au.
Ideal Insurance Brokers, Norwest NSW 2153. Ideal Brokers Pty Ltd (CAR No. 001262504 | ABN 65 623 205 952) is a Corporate Authorised Representative of Metrix Connect Pty Ltd ACN 635 286 136 as the trustee for the Metrix Connect Hybrid Trust ABN 55 742 327 931 | AFSL No. 525491. This page contains general information only and does not take into account your objectives, financial situation or needs. Read the Product Disclosure Statement before buying.
Goods in transit insurance FAQs
Generally not, beyond personal items. Goods in transit is a separate cover.
Carriers' liability is often limited. A transit policy of your own can fill the gap.
It can, but cover and limits differ. Tell us where your goods go.