Parcel Guard Insurance

The Parcel Guard Insurance plan is a single transit cover for goods or parcels. It is designed to protect owners of goods or parcels against loss or damage to their goods/parcels by reinstating, replacing or repairing the goods in event of a loss or damage in a single transit.

Who should purchase this plan?

  1. Individuals

  2. Corporate organizations

  3. Courier companies

  4. Dispatch riders

  5. Transport operators.

Scope of Cover - Goods/Parcels

  • Domestic appliances & utensils

  • General merchandise

  • Tools and equipment

  • Home & Office Furniture

  • Clothing, Fashion & Textiles materials/accessories

  • Canned/packaged/bagged foods

  • Computer & electronic appliances

  • Building materials excluding tiles and ceramic ware

Out of Scope - Goods/Parcels

  • Gas cylinders

  • Chemicals

  • Explosive materials

  • Ceramic tiles

  • Glass ware

  • Letters, cheques, bank drafts, stamps

  • Jewelry

  • Art work

  • Perishable goods

Scope of Cover - Risks

  • Accident to the vehicle

  • Collision and overturning of the vehicle

  • Fire

  • Explosion

  • Burglary and theft

  • Windstorm

  • Flood

Out of Scope - Risks

  • War, riot, strike, civil commotion, insurgency

  • Pilferage

  • Deliberate/malicious/mischievous acts of the driver or the insured their staff

  • Shortages

  • Credit cards, debit cards, ATM cards, ID cards

  • Seizure or forfeiture by government agency

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