Is cash that is in between two entities. A transfer has been initiated, but not completed leaving the cash in transit. One of the parties involved may take out a cash in transit policy, which insures that they will receive their money should something occur.

Cash in transit insurance is a necessary safeguard for money used in the course of the insured’s business.

• On business premises during business hours
• While in transit from insured premises to bank or vice versa
• On premises outside business hours in a locked safe or strong room

• At the private residence of the insured or authorized persons
• In the custody of authorized collectors