Multiple choice Which of the following is not insured under Standard Fire & Special Perils Policy? Goods in factories Goods in open Goods in transit by rail/road Goods in godowns Reveal answer Fill a bubble to check yourself C Correct answer Explanation Goods in transit by rail/road are not insured under Standard Fire & Special Perils Policy. Cargo insurance provides insurance cover in respect of loss of or damage to goods during transit by rail, road, sea or air.