The transit risk caused by fire is covered under ________ policy.

Question

Question: The transit risk caused by fire is covered under ________ policy.

Options:

1.  Excess policy
2.  Floating policy
3.  All risk policy
4.  transit policy

Answer 1

4. Transit policy

The transit risk caused by fire is covered under transit policy.

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More information:

Transit policy is an insurance policy/scheme that provide coverage of risks involved in property being moved from one place to other and compensation for common accidents that could cause damage to the goods.

The transit risk caused by fire is also covered.