Canadian Accredited Insurance Broker (CAIB) Two Practice Exam

What is the duration of coverage under Truckman's Liability Cargo Riders?

1. From pickup until paid

2. From loading until delivery at destination

3. From dispatch until unloaded

4. From arrival until transferred

The correct answer is: From loading until delivery at destination

The duration of coverage under Truckman's Liability Cargo Riders is accurately described as extending from loading until delivery at destination. This is a fundamental aspect of cargo insurance that protects the goods while they are being transported. When coverage is defined as from loading, it indicates that the insurance policy begins once the cargo is loaded onto the transport vehicle. This reflects the idea that the potential risks and liabilities associated with the cargo start at that point, as the items are now under the control of the transportation company. The coverage continues until delivery at the destination, meaning that it does not cease until the goods are safely delivered to the intended receiver. This ensures that the cargo is protected throughout the transit process, thereby covering risks such as loss, theft, or damage that could occur during this critical phase. In contrast, the other options do not accurately reflect the common parameters for Truckman's Liability Cargo Riders. These alternatives either start or end the coverage in a way that doesn't encompass the full duration of responsibility that the transporting entity has for the cargo.