Pay all sums for which the insured shall become legally liable as compensation for physical loss or destruction of or damage to goods or merchandise … while in transit … including during loading or unloading and while temporarily housed on or off vehicles in the ordinary course of transit.

Policy Covers:

• Damage to cargo directly caused by fire, explosion or accident to the carrying vehicle
• Carrier’s liability for cargo
• Cargo salvage, transshipment, emergency storage costs
• Financial loss due to the lost freight in respect of the damaged part of the cargo
• Legal and other costs, incurred in the litigation against the claimants
• Costs of average adjusters
• Breakage due to improper handling
• Flood or water damage or damage by other cargo.