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TYPES OF MISCELLANEOUS PROPERTY INSURANCE (COVERAGE) - Coggle Diagram
TYPES OF MISCELLANEOUS PROPERTY INSURANCE (COVERAGE)
INLAND TRANSIT INSURANCE
What is
?
Covering the Insured’s own goods or goods dispatched by them as part of their delivery services to their customers using their own transport only.
coverage
Indemnity against :
Fire
Theft
Accidental causes
Types Of Policies
Single Transit Policy
Rating
0.375% to 0.5% on total value of every consignment
Declaration Policy
Rating
0.125% to 0.25% based on actual annual carrying
Specified Vehicle Annual Policy
Rating
2% to 5% on Sum Insured depending to number of vehicle and the Sum Insured per vehicle
Exclusions
LIVESTOCK AND CROP INSURANCE
What is
?
domestic animals such as cattle or horses that are raised for home use or for profit, such as on a farm and raised in an agricultural setting to produce commodities such as food, fiber and labor
Coverage
covers animals in the event of death as a result of any accident occurring, or illness or disease manifesting itself within the policy period.
Risk Covered
fire, lightning,smoke, landslide, landslip, flood,
Basis Of Settlement
Special Exclusions
General Exclusions
Extensions