For the purpose of determining, where necessary, the item under which any property is insured the insurers agree to accept the designation under which the property has been entered in the insured’s books.

There are two types of courier service. In one type, the courier carries the parcels as accompanied baggage. In the other type, the courier consolidates the parcels and dispatches them as booked baggage through carriers. For the first type, policies may be issued to owners of the cargo, if the courier service through whom the parcels are dispatched have obtained necessary professional indemnity or legal liability Insurance Policy. It is also permissible to issue policies to cargo owners dispatching parcels through the second category of couriers, provide the courier Company has obtained (i) Professional indemnity or legal liability Policy for a specific minimum indemnity limit of for any one event: (ii) courier’s receipt also contains the carrier’s consignment note and date, and (iii) the liability of the courier service is not restricted to less than their statutory liability under a private contract.

Cover is granted against All Risks at rates which are prescribed for named countries/destinations only and subject to the condition that 5% of the invoice value is declared to the airlines and requisite valuation charges are paid to them or the parcel is insured with the postal authorities for a minimum of Rs. 500/- per package as applicable. The intention is to ensure that the parcel is carried as valuable cargo and not as an ordinary parcel. Transit risks are covered on ‘door-to-door’ basis, but despatches by airfreight are usually not covered beyond the airport town of destination. Similarly despatches from interior of the airport town of destination. Similarly despatches from interior of India, involving separate local transit prior to customs clearance for export, are usually not covered.

Policy more or less similar to Overseas Mediclaim Policy but covers Overseas Travellers during their visit to India.

Signs located away from the designated premises. They may or may not be part of the covered property.