Valuable property in transit - coverage
in respect of loss or damage whilst in
transit. Most policy wordings restrict
coverage to property loss "while items
are in the custody of any employee or an
armoured car or security company". It is
also possible to purchase coverage
pertaining to property sent by
registered post, air freight or another
form of recognised or agreed method of
transportation.
Many armoured car companies will provide
free coverage for goods whilst in their
care and during transit, and such
contractual obligations should be
considered when negotiating transit
coverage. In such cases a Bankers''
Blanket Bond policy provides beneficial
contingency coverage
