October 2014
Intermediate to advanced
584 pages
22h 2m
English
Content preview from Pricing in General Insurance
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37Insurance and Reinsurance Products
350 Goods in transit Covers the insured against loss of or damage to goods whilst in transit,
regardless of the means of transportation. It can be sold as a stand-alone
product or as part of a commercial package.
Typical examples are courier goods in transit insurance and haulier goods in
transit insurance. The main difference between these two products is that
couriers do not know in advance who will ask them to transport goods
and what goods they will transport, whereas hauliers will typically
transport for the same clients regularly and they will know in advance the
type of goods they carry. The type of ...
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