Shipping valuable items across Nigeria can be risky business. Whether you’re sending products to customers or moving inventory between stores, there’s always a chance something could go wrong on the road. That’s where goods in transit insurance comes in handy. This simple guide will walk you through everything you need to know about getting goods in transit insurance to protect your cargo while it is on the move.

What Exactly Is Goods In Transit Insurance?

Goods in Transit insurance is a special type of coverage that protects your products, materials, or other items while they’re being transported from one place to another. This could be by road, air, or sea. If anything happens to damage or destroy your goods during the journey, goods in transit insurance can help cover the costs.

Why Do You Need Goods In Transit Insurance?

A lot can happen when your items are out on the road. Accidents, theft, bad weather, and other problems could damage or ruin your cargo. Without goods in transit insurance, you’d have to pay for those losses out of your own pocket. That could be a big financial hit, especially for small businesses.

Here are some key reasons to get goods in transit insurance:

  1. Protection from accidents: If the vehicle carrying your goods crashes or overturns, your items could be damaged or destroyed. Goods in transit insurance can cover those losses.
  2. Guard against theft: Unfortunately, cargo theft is a real problem in Nigeria. Goods in transit insurance can help if your items are stolen during transport.
  3. Weather damage coverage: Heavy rains, floods, or extreme heat could ruin certain types of cargo. The right goods in transit insurance policy can protect against weather-related losses.
  4. Peace of mind: Knowing your shipments are insured lets you focus on running your business without constant worry about potential losses.

How To Get Goods In Transit Insurance

Now that you know why goods in transit insurance is important, let us walk through how to get it:

Step 1: Assess your needs

Before you get Goods in Transit Insurance, think about what you’re shipping and how often. Ask yourself:

– What types of items do you usually transport?

– How valuable are these items?

– How often do you ship things?

– What routes do your shipments usually take?

Answering these questions will help you figure out what kind of coverage you need.

Step 2: Reach out to Us

The next step is to reachout to a reputable insurance company and that is us, Leadway Assurance. We are a trusted option with years of experience in this field. We understand the unique challenges of transporting goods in Nigeria and can offer tailored coverage to meet your needs.

Step 3: Get quote

Get the quotes for tailored Goods in Transit Insurance. Be ready to provide details about:

– The types of goods you’re shipping

– The average value of your shipments

– How often you ship items

– The transportation methods you use

Step 4: Ask questions

Don’t be shy about asking us to explain anything you don’t understand. At Leadway Assurance, we’re always happy to break down the details of our Goods in Transit Insurance policies in simple terms.

Step 5: Complete the paperwork

Once you are settled that we have answered all your questions, you’ll need to fill out some forms. The forms will ask for details about your business and the types of goods you will be insuring. Be honest and thorough when providing this information.

Step 8: Pay your premium

After everything is set up, you’ll need to pay for your Goods in Transit insurance. This is usually done on a monthly or yearly basis. With Leadway Assurance, we offer flexible payment options to suit your business needs.

Step 9: Keep your policy updated

As your business grows or changes, your insurance needs might change too. Regularly review your Goods in Transit Insurance policy to make sure it still provides the right coverage.

Making A Claim On Your Goods In Transit Insurance

If something happens to your cargo during transport, here’s how to make a claim:

  • Document the damage: Take clear photos and make detailed notes about what happened. This information will help us process your claim faster.
  • Contact us right away: Don’t wait to report the problem. We have a 24/7 care line to help you start the process quickly. The sooner you reach out, the sooner we can assist you.
  • Fill out our claim forms: We will provide you with the necessary forms. Please fill them out completely, providing all the requested information about the incident and the damaged goods. If you need help, our customer service team is always ready to assist.
  • Cooperate with our investigation: We may need to look into what happened to ensure we process your claim correctly. Please be patient and provide any additional information we might request. We promise to handle your claim as quickly and efficiently as possible.
  • Await our decision: Once we have reviewed everything, we will let you know if your claim is approved and payment would be made immediately. We strive to make this process as smooth and transparent as possible.

Conclusion

Goods in Transit Insurance is a must-have for any business that regularly moves products or materials from one part of the country to another. It provides crucial protection against the many risks of transporting cargo on our roads. By following this simple guide, you can get the coverage you need to keep your goods safe and your business running smoothly.

Don’t leave your cargo unprotected – Send an email to or call us on +234 9040760674  to get Insured today!