Contingent Transit Insurance

Definition of "Contingent transit insurance"

Dennis Ciesil
  Baird & Warner Real Estate

Coverage if an insured can not collect on property damage or destruction losses from the hired transporter. For example, a truck transporting furniture of the insured is involved in an accident and the furniture is damaged. The truck owner refuses to compensate the insured for damages; the recourse of the insured is to collect from the insurance company.

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