Goods in Transit*

Goods in Transit covers (subject to a specified limit) loss or damage to goods owned by you which are damaged in transit by road in Australia and caused by insured events such as collision, fire, flood or theft by forcible entry.


Did you know?

In the event of a claim, the value of goods lost or damaged will generally be taken as:

  1. For goods you have sold – your invoice value
  2. For goods you have purchased – the purchase price as shown on the invoice paid by you
  3. All other goods including plant transfers – market value

What’s typically covered?

Loss or damage caused by:

  • Collision or overturning of the conveying vehicle
  • Fire, lightning, explosion, wind, water, flood, earthquake, impact, malicious damage and vandalism while the goods are in transit
  • Theft resulting from forcible and violent entry evidenced by visible damage to the securely locked portion of a vehicle or trailer or the building in which the conveying vehicle or trailer is being garaged

What’s typically NOT covered?

Loss or damage as a result of:

  • Delay, loss of market or consequential loss of any kind
  • Collision or contact by the conveying vehicle with the kerb or uneven road surface
  • Theft by or in collusion with any of your employees

Items that are generally not covered by this type of insurance include:

  • Money
  • Jewellery, watches, furs, antiques, paintings, works of art, precious metals, precious stones or articles composed of any of them
  • Explosives, petroleum products in bulk or gas in bulk
  • Livestock
  • Cigarettes, tobacco, wines, spirits or other alcoholic beverages unless shown on your insurance certificate

Things to consider

  1. Are you in the business of buying and selling items? If so, is it likely that the items will need to be transported from one place to another?
  2. Is there considerable traffic or are there dangerous interchanges on roads used to transport the items you buy and sell?
  3. Do you have some degree of control over who is driving the vehicles used to transport the goods you buy and sell? Are they sufficiently skilled and experienced?
*As with any insurance, cover will be subject to the terms, conditions and exclusions contained in the policy wording. The information contained on this web page is general only and should not be relied upon as advice.

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