Vital Points of Transit Insurance
Page 31
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WHAT he suggested is a serious omission in the goods-in-transit insurance policies which many road hauliers take out for the protection of their 'clients' goods, was referred to by Mr. Arthur R. Jones, of Arthur R. Jones, Ltd., Leeds, insurance broker to the C.M.U.A., at last week's meeting of the Leeds branch of the Industrial Transport Association.
Emphasizing that it is the duty of • industrial transport managers to see that the road hauliers whom they employ have adequate goods-in-transit insurance cover, Mr. Jones said he wondered how many hauliers had their trailers covered in this respect. It was essential that trailers should be specifically mentioned in the policy. It was also essential, Mr. Jones remarked, that goods-in-tratisit insurance cover should apply not only while lorries and trailers were on the road, but also while they were in a garage or other premises, for an overnight stop or in case of breakdown. Insurance companies were now issuing goods-intransit policies which covered these points. Another case in which protection was provided was where goods were so damaged, in a road accident, that they were worthless from the point of view of salvage, and a duplicate load had to be sent in their place. Then again, provision was made for meeting the expense of transferring goods from one vehicle to another in case of breakdown.