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Transit Insurance Notes

25th November 1938
Page 29
Page 29, 25th November 1938 — Transit Insurance Notes
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Which of the following most accurately describes the problem?

ASSEMBLED MACHINERY THOSE hauliers who are fre quently called upon to carry toads of machinery should be sure that their insurance con. tract provides adequate protec. tion in respect of assembled machines, because, very often, the insurance company will confine the cover only to parts which are adequately packed in cases.

It will be appreciated that assembled machines form a hazardous risk, so far as underwriters are concerned, in so far as they are frequently unprotected by packing of any kind and, therefore, all the snore susceptible to damage in transit. The loading and unloading of such machines are particularly difficult operations, necessitating special tackle and equipment and unless this be available the risk of damage is considerably

increased.

Furthermore, in the event of an accident in transit where the machine has been dislodged and, perhaps, thrown off the vehicle, it may be necessary to send skilled mechanics from the workshops of the manufacturers to examine the damage and superintend the reloading or, possibly, the repair of the machine on the spot. All this tends to increase the incidental expenses which an underwriter, if accepting the risk, would be called upon to pay—in addition to a heavy claim for breakage and replacement.

Although certain insurance companies do exclude such machinery from the ordinary contract, they will usually be found willing to undertake the risk under a separate policy, suitably rated, or by payment of an agreed additional preniium on the existing goods-in-transit policy.

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