TRANSPORTATION COVERAGE protects property of the insured while it is being shipped. Coverage includes both shipments to the insured and shipments from the insured. Coverage is usually provided by one of three forms. The transportation form covers all shipments made during the policy period using transportation companies, carriers for hire, owned vehicles, railroads and airlines. The owner's form covers all shipments made using only the owned vehicles of the insured. The trip transit form is used for a single shipment by a specific mode of conveyance, on a "one-shot" basis.
(Use ACORD Form #143)
Related PF&M Articles:
AAIS Transportation Coverage Forms Analysis
ISO Annual Transit Coverage Form Analysis