PROPERTY IN TRANSIT Clause Samples

PROPERTY IN TRANSIT. Direct physical loss or damage to Covered Property while in transit to or from a scheduled premises leased by you and within 100 miles of this scheduled premises which is caused by or resulting from the following: fire; lightning; explosion; windstorm or hail; riot or civil commotion; vandalism; vehicle collision; upset or overturn of a vehicle or trailer upon which it is being transported; or theft of an entire storage unit. Voyages over 100 miles may be covered but subject to additional premium.

PROPERTY IN TRANSIT. The Company shall not indemnify the Insured under Sections 1 to 3 against any loss in respect of property in transit except as provided for by Section 1 Extensions – Temporary Removal and Temporary Removal (Documents).

PROPERTY IN TRANSIT. The insurance under this policy is extended to apply to loss of or damage to Insured Property in the due course of transit between points or places in Canada or the Continental United States caused by or resulting from an insured peril. This extension is limited to a maximum recovery as shown on the Declaration Pages in any one occurrence.

PROPERTY IN TRANSIT. This Form is extended to cover insured property while in transit, other than unscheduled tools, anywhere in the world, for any one loss caused by an insured peril. Loading and Unloading Coverage is extended to include direct physical loss or damage to insured property while being loaded or unloaded from a vehicle. Additional Conditions: 54.1. coverage during loading shall not attach until the insured property is in the custody of the Insured or a common carrier or contract carrier for the purpose of transport; 54.2. coverage during unloading shall cease when the insured property leaves the custody of the Insured or a common carrier or contract carrier.

PROPERTY IN TRANSIT. Damage as defined not otherwise excluded to the property covered in transit (notwithstanding the exception to property covered) occurring anywhere within the territorial limits.

PROPERTY IN TRANSIT. This policy covers shipment within and between the territorial limits of this policy including the coastal waters thereof, by any means of conveyance, from the time the property is moved for purpose of loading and continuously thereafter while awaiting and during loading and unloading and in temporary storage, including temporary storage on any conveyance intended for use for any outbound or used for inbound shipment including during deviation and delay, until safely delivered into place of destination. This insurance is extended to cover loss or damage to property: • sold and shipped by the Insured under terms of F.O.B. point of origin or other terms usually regarded as terminating the shipper’s responsibility short of points of delivery; • occasioned by the acceptance by the Insured, by its agents, or by its customers of fraudulent bills of lading, shipping and delivery, orders, or similar documents.

PROPERTY IN TRANSIT. Where Insured Property is destined for transit beyond New Zealand, the cover provided by this Policy ceases at the time the Insured Property passes over the ship’s rail or through air transport loading doors for overseas transit from any New Zealand port or airport, or at the time the Insured’s interest in the Insured Property ceases at the point of sale, whichever is the earlier.