What are the possible events that could give rise to a loss under a Goods-In-Transit (GIT) insurance policy, does a GIT policy cover every conceivable loss or damage to goods, what could be possibly claimed from a GIT policy and what do one need to file for a claim?

In the last discussion on GIT insurance, we explored the covers available and the factors insurance companies take into consideration in determining whether or not to grant the cover. (Read here)

Let us take it further by answering the above questions.  

Possible events that could lead to a loss in a GiT policy: