Jubilee’s Goods in Transit Insurance – Comprehensive Protection for Your Goods on the Move

Transporting goods—whether for business or personal reasons—comes with significant risks. Accidents, theft, fires, and other unforeseen events can result in substantial financial losses. Jubilee’s Goods in Transit Insurance is designed to safeguard your goods from the moment they leave your premises until they reach their final destination. With Kenya’s busy roads and the importance of reliable logistics, this cover is essential for individuals and businesses that regularly move goods by road or rail.

What Is Jubilee’s Goods in Transit Insurance?

Jubilee’s Goods in Transit Insurance is a specialized policy that protects goods against loss, destruction, or damage while they are being transported by land. The cover applies from the time goods leave the insured premises until final delivery, ensuring continuous protection throughout the journey.

This insurance is suitable for:

• Individuals moving personal goods
• Businesses transporting stock, raw materials, or finished products
• Logistics providers and transport companies

Need to protect your goods during transportation? Learn why every Kenyan transport and logistics company needs this coverage.

What Does Jubilee’s Goods in Transit Insurance Cover?

Core Coverage

Jubilee’s policy covers loss or damage to goods caused by a wide range of risks, including:

• 🚨 Accidents (including collision and overturning)
• 🔒 Theft
• 🔥 Fire
• ⚠️ Destruction or damage from named perils
• 📦 Loss during loading, offloading, or while in transit

The policy protects goods transported by:

• Heavy and light lorries
• Omnibuses
• Motor cars
• Rail (for inland transit policies)

Types of Cover

There are two main types of cover under this policy:

1. Inland Transit (All Risks) Clause
   Covers all risks of loss or damage to insured goods while in transit by road or rail.
2. Inland Transit Clause (Lorry Clause)
   Covers loss or damage to goods in transit by road or rail caused by fire, lightning, breakdown of bridges, collision, overturning, or derailment. (Note: Theft is not covered under this clause.)

Additional Features

• Temporary Storage: Coverage also applies while goods are temporarily housed in the ordinary course of transit within the territorial limits.
• Specified or Unspecified Vehicles: Policies can be tailored for single trips, specified vehicles, or cover all transits within a policy period.

Concerned about the risks of not having proper insurance? Don’t let your cargo go off track.

Key Benefits of Jubilee’s Goods in Transit Insurance

• 🛡️ Comprehensive Protection: Covers a broad range of risks, including accidents, fire, theft, and more.
• 🔄 Flexible Options: Choose between single transit or annual cover, and specify vehicles or opt for blanket coverage.
• ⏱️ Business Continuity: Minimizes financial loss and disruption to your business operations in the event of damage or loss.
• 😌 Peace of Mind: Know that your goods are protected from the time they leave your premises until they reach their destination.
• 🚚 Tailored for All Transporters: Suitable for individuals, small businesses, and large logistics operations.

Related Resources	Why It Matters
Kenya as East Africa’s Logistics Hub	Learn how Kenya’s position as a logistics hub makes goods in transit insurance essential
Risks of Not Having Goods in Transit Insurance	Understand the potential financial implications of uninsured goods
Why Every Transport Company Needs This Cover	Discover why this insurance is a must-have for logistics businesses

How Does Jubilee’s Goods in Transit Insurance Work?

Policy Options

• Single Transit Policy: Covers a one-time movement of goods from one location to another.
• Annual Policy: Covers all transits during the policy period, either for specified vehicles (with a per-vehicle limit) or on an unspecified basis (with a provisional premium adjusted at year-end).

Claims and Premiums

• Premiums: Calculated based on the value of goods, type of cover, frequency of transit, and risk factors.
• Excess: The insured bears a certain amount (excess) before Jubilee indemnifies the loss.
• Contribution: If there’s another policy covering the same goods, Jubilee pays only its proportion of the claim.

Who Should Consider Jubilee’s Goods in Transit Insurance?

• Manufacturers and wholesalers moving goods between warehouses or to retailers
• Retailers receiving stock from suppliers
• Transport and logistics companies carrying goods for clients
• Importers/exporters moving goods within Kenya by road or rail
• Individuals relocating or sending valuable items

Kenya serves as a major logistics hub for East Africa. Learn how goods in transit insurance comes in handy for businesses operating in this dynamic environment.

Coverage Comparison

Feature	Inland Transit (All Risks)	Inland Transit (Lorry Clause)
Accidents	✅ Covered	✅ Covered
Fire	✅ Covered	✅ Covered
Theft	✅ Covered	❌ Not Covered
Loading/Unloading	✅ Covered	✅ Covered
Temporary Storage	✅ Covered	✅ Covered
Premium Cost	Higher	Lower

Frequently Asked Questions

What types of goods can be covered?

Most types of goods, including raw materials, finished products, machinery, and personal belongings, can be insured. Hazardous or high-value items may require special terms.

Does the policy cover theft?

Yes, theft is covered under the All Risks clause but not under the Lorry Clause.

Can I get cover for a single trip?

Yes, the Single Transit Policy is designed for one-off movements.

Does the policy cover goods during loading and unloading?

Yes, coverage extends to goods while loading, offloading, and in temporary storage during transit.

How Step by Step Insurance Acts as Your Trusted Intermediary

Choosing the right goods in transit cover can be complex. Step by Step Insurance acts as your dedicated intermediary, making the process easy and ensuring you get the best protection for your needs.

Our role includes:

• 📋 Needs Assessment: We help you evaluate your transit risks and recommend the most suitable policy option.
• 📝 Application Assistance: Guidance through documentation and the application process for quick approval.
• ⚙️ Policy Customization: Tailoring cover for your specific goods, routes, and risk profile.
• 🔄 Ongoing Support: We assist with policy management, renewals, and any changes as your business grows.
• 🛡️ Claims Advocacy: In case of loss or damage, we help you navigate the claims process with Jubilee for a smooth and fair settlement.

With Step by Step Insurance, you benefit from expert advice, personalized service, and peace of mind knowing your goods are in safe hands throughout their journey.

Conclusion