IC Non-Life Insurance Agent Exam 2025 – 400 Free Practice Questions to Pass the Exam

The policy that specifically covers damages occurring during transport by road, rail, or inland waterway is a Commercial Vehicle Comprehensive Policy. This type of insurance is designed to provide coverage for vehicles that are used in business operations, including those that transport goods. It combines various coverages to protect against different risks associated with operating commercial vehicles, including damage to the vehicle itself and damages that might be incurred while transporting cargo.

In the context of transporting goods, this policy typically includes coverage for loss or damage to the goods being transported as well as liability coverage in case of an accident that results in injury or damage to third parties. This makes it particularly relevant for businesses that rely on the transport of goods as part of their operations.

Other policy types listed, such as the General Liability Policy, Comprehensive Personal Property Policy, and Homeowner's Comprehensive Policy, are oriented towards broader liability coverage or protection of personal property within certain residential contexts, which do not specifically address the unique requirements of goods transport. These policies may provide some level of coverage for incidents that occur under their scope, but they do not focus on the specific risks associated with commercial transport like the Commercial Vehicle Comprehensive Policy does.