5 Goods in Transit Insurance Claims
It really is essential that business owners are fully covered with Goods in Transit Insurance, policies cover goods against loss or damage while in transit from one place to another or being stored prior to a journey. Below are 5 examples of Goods in Transit Insurance Claims, we hope these examples will help business owners realise the implications of operating without having Goods in Transit Insurance.
1) 'Mr C', was asked to transport a refrigerated van load of fish from Southampton, Hampshire to York, the goods worth in the region of £3500 were due to be delivered the same day. However a nasty accident meant the main motorway was closed all day and the goods could not be delivered, as a result the quality of the fish was badly reduced as was the value. Fortunatley the courier had Goods in Transit Insurance cover and was able to claim on the policy to cover the financial loss suffer by his customer.
2) 'A Couriers', were asked to take a range of goods to an exhibition in London from their customers office in Bracknell, Berkshire. The goods to be transported were display stands and plasma screens. During transit the vehicle was hit in the rear by another car damaging many of the goods in transit, fortunatly the customer was still able to attend the exhibition as they had other items they could use. Hower, over £6000 worth of goods were damaged in the accident. Normally this claim would be met by the courier firm's Goods in Transit Insurance, however in this instance a claim was made against the car who had struck the van, their insurance paid for repairs to the van as well as the full cost of replacing the goods damaged in the accident.
3) 'Mr W', was asked to transport a number of goods, including electronic items from a warehouse in Liverpool to France. As it was an overnight journey it meant leaving his vehicle in a car park while he slept. When he returned to the car park the van, along with the goods had been stolen. As he had both Goods in Transit Insurance and insurance for his van he was fully insured and re-imbursed for both his own and his customers financial loss.
4) 'Mr S', was carrying a lorry full of sporting goods from Dover, Kent to Leeds in West Yorkshire when his lorry developed a fault and smoke started coming out of the engine, within minutes the whole lorry was on fire and the vehicle and all of the goods in transit had been totally destroyed. Having Goods in Transit Insurance meant his customer was covered for the loss of the sporting goods.
5) 'M Hauliers', had collected a cargo of fruit from the West Midlands to transport to a warehouse in Holland, due to industrial action at the docks in Dover they were unable to cross the channel and the delay caused much of the fruit to perish, as the firm had Goods in Transit the full cost of the goods was covered by the insurance company.
These examples of Goods in Transit Insurance claims show the importance of having the right cover, at Oakland Insurance Services we have a specialist team who handle all aspects of arranging Goods in Transit Insurance, we ensure our insurance premiums are kept as cheap as possible, whilst providing the best level of cover.
If you would like a quote for goods in transit insurance please call us on 0800 7310143
