Goods In Transit Definition
In van insurance, what is the definition of goods in transit?
Any goods that you carry in your vehicle from one place to another. These could be goods that are being carried for hire or reward (hire or reward generally means payment in cash or kind is made for transportation) or the tools of trade belonging to the policy holder. For those with commercial vehicle insurance; it is important to note that you will need a separate policy to cover goods in transit, and also take care to note any restrictions relating to overnight storage.