Goods in Transit Cover — NZ Commercial Motor Add-On
Goods-in-transit cover is often a separate cover or an optional extension on commercial-motor wordings. This page compares whether each FCIB-panel insurer bundles goods-in-transit and what sub-limit applies.
included: yes — automatic extension: 'Section 1 is extended to cover loss to goods owned by you, that are being carried on or in an insured vehicle, for the purpose of a single relocation (such as a delivery to a customer's premises or to a warehouse) resulting from loss to an insured vehicle covered under Section 1 of this policy.'
included: yes — automatic extension: 'Goods in Transit — If an insured vehicle suffers loss caused by an event covered under Section 1, this extension covers loss directly caused by the same event to goods owned by you carried on or in the insured vehicle at the time of the loss for the specific purpose of a single relocation (such as a delivery to customer's premises or to a warehouse).'
included: yes — automatically included via Extension 22
sub_limit_nzd: rule string — 'Our total liability shall not exceed the limit specified in the schedule, in respect of any one accident, subject always to a deductible of $50.' Cover applies where there is a fire, or collision or impact to your vehicle with any object, or an overturning of your vehicle, or your vehicle is stolen.
DUAL New Zealand Commercial Motor Vehicle (08.23 v2)
included: yes — automatic extension: covers loss to goods owned by the insured carried on or in the insured vehicle at the time of loss, where loss arises from fire, collision, impact or overturning covered under Section 1
sub_limit_nzd: The limit shown in the Limits and Excesses section (specific dollar amount not stated in the wording text provided)
included: yes — automatic extension 'Property In Transit – Your Own Property' covers Loss or Damage to the insured's owned physical property directly arising out of an Accident involving the Insured Vehicle; 'Property In Transit – Third Party Property' is an optional extension under Section 2
sub_limit_nzd: as shown in the Sublimits and Excesses section in the Schedule
Currently showing 5 of 6 FCIB-panel insurers — AIG / Zurich / Delta / Dual NZ wordings are pending broker-portal supply.
See the full panel.