This Policy broadly covers the risk of physical loss or damage to the goods (machinery, raw materials, finished goods etc.) while being transported by rail, road, air or by sea.
Package policy : This covers loss or damage to the vehicle insured. This policy braodly covers the risk of physical loss/damage to the vehicle due to accidents or theft. It also includes Third Party Liability Motor Insurance as it is mandatory to have one.
Liability only policy: This covers third party liability for bodily injury liability and / or death and property damage. Personal Accident cover for Owner- driver is also included.