Get comprehensive cash in transit insurance for secure transport of money and valuables. Custom coverage for banks, retailers, and armored carriers.
What Is Cash in Transit Insurance?
Cash in Transit (CIT) insurance is a specialized coverage designed to protect businesses and financial institutions from the physical loss or damage of valuables while being transported. This typically includes items such as banknotes, coins, credit cards, and other high-value assets.
Whether you’re managing local cash logistics or operating global banking transfers, this insurance offers peace of mind during high-risk movements of currency and valuables.
What Does Cash in Transit Insurance Cover?
CIT insurance policies are structured to provide all-risks cover — which means they include protection against most types of physical damage or loss that might occur during the transfer process.
✅ Commonly Covered Risks:
- Theft during transit
- Armed robbery
- Vehicle accidents resulting in loss of cash or assets
- Vandalism or tampering
- Fire or flood during transfer
🔒 Covered Assets Include:
- Banknotes and coins
- Credit cards
- Precious items such as cheques or bearer instruments
- Other agreed high-value items
📌 Note: While coverage is comprehensive, each policy is customized based on the business’s unique needs, including limits, exclusions, and deductibles.
What Is Not Covered?
Despite the broad nature of coverage, certain types of damage or loss are excluded under most policies. These typically include:
- Natural aging or wear and tear
- Rust, corrosion, or oxidation
- Loss caused by humidity or aridity
- Radioactive contamination or ionizing radiation
- Gradual deterioration or discoloration
- Exposure to light or extreme temperature (unless fire or frost is the direct cause)
Always review policy documents closely or speak to a specialist to understand the specific exclusions and clauses that apply to your policy.
Tailored Solutions for Different Operations
Cash in Transit insurance is not one-size-fits-all. Insurance providers typically offer bespoke solutions to cater to a range of business types, from small operations to large multinational logistics chains.
Types of Covered Operations:
- 🚛 Large Multinational Cash Transporters
- 🏢 Mid-Sized Domestic Cash Logistics Services
- 🏧 Static ATM Operations
Some insurers may also bundle or complement CIT insurance with coverage in related areas like:
- Fine Art Insurance – Museums, galleries, and high-net-worth private collections
- General Specie Insurance – Vault holdings, securities, precious metals, cryptocurrency custody
- Jewellers Block Insurance – Diamond dealers, jewellery retailers, and manufacturers
Maximum Line Sizes and Coverage Limits
Coverage limits vary depending on the nature and value of the assets being transported. Here’s a typical range offered by specialist insurers:
| Insurance Type | Maximum Limit (USD) |
|---|---|
| Cash in Transit | $50 million |
| Fine Art | $150 million |
| General Specie | $150 million |
| Jewellers Block | $60 million |
| Crypto Consortium | $450 million |
| Digital Consortium | $465 million |
These are general guidelines and may vary depending on risk assessment, security protocols, and regional regulations.
Who Needs Cash in Transit Insurance?
This coverage is essential for any business that handles the movement of valuable items, including:
- Armored car services
- Commercial banks and credit unions
- ATM operators
- Retail chains with high-volume cash flow
- Event organizers transporting large cash takings
- Casinos and gaming institutions
Final Thoughts
Cash in Transit Insurance plays a critical role in securing your business’s most valuable assets during their most vulnerable moments — when they’re on the move. With tailored coverage, high-value limits, and robust risk management, this insurance helps you focus on operations while your assets stay protected.
💬 Want a tailored quote or professional advice? Contact a specialist provider to design a policy that fits your business.
FAQs About Cash in Transit Insurance
Q: Does CIT insurance only cover cash?
A: No — it typically covers a range of valuable items, including coins, credit cards, bearer instruments, and even items of sentimental or collectible value.
Q: Is this insurance only for armored vehicles?
A: While armored vehicles are standard, coverage may also extend to secure courier services or even static ATM cash storage.
Q: Can I customize the coverage amount?
A: Yes — insurers usually offer flexible limits, excess levels, and optional add-ons to suit your business’s unique requirements.
