What does cash in transit insurance cover?
Cash-in-transit or ‘CIT’ covers cash in transit by professional money carriers. We can also cover all other types of valuables in transit, such as bullion, diamonds, bonds, securities and the like.
Professional money carriers can be either armoured or non-armoured (referring to the vehicles used) and covert or overt. Personnel may be armed or non-armed.
We can cover the cash whilst in transit in armoured and non-armoured vehicles, and whilst being carried outside the vehicles – for example for pick-ups or deliveries to and from retailers and bank and whilst being loaded in to ATM’s. We can also cover cash at the insured’s premises during the day and in a locked safe or strong room at night.
Finally we can cover business contents (including safes and alarm systems), public and products liability and employee fidelity where needed.
What are five key considerations when placing cash in transit insurance?
What can Quantum provide?
For more information about our cash in transit policy: