OWN IT: Goods in transit - goods owner

Product Description

The insured is the goods owner

Cover is only granted where the goods owner has a direct insurable interest in the goods and the insured and/or a transporter is responsible for transporting the goods.

Insurers still have recourse against the transporter.

Average is applicable as goods owner knows the value of the cargo.

Rated on their max vehicle limit in conjunction with their Annual Carry of Goods.

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Transit Underwriting Managers

Transit Underwriting Managers (Pty) Ltd is a specialised underwriter, focused exclusively on the Goods in Transit insurance market. With value added benefits such as the utilisation of the On-Road Solutions Call Centre for claims notification and claims management during the claim’s incident, keeping all parties involved, including both the broker and the insured up to date with the process. Transit Underwriting Managers (Pty) Ltd aims to be the preferred service provider in the Goods in Transit market by offering innovative insurance solutions. Transit Underwriting Managers (Pty) Ltd underwrites on behalf of Compass Insurance Company Limited. Compass Insurance Company is a leader in specialist insurance products in South Africa, with a Global Credit Rating claims paying ability of AA (ZA). Compass Insurance is wholly owned by Hannover Reinsurance Africa Limited.

Company Contact Information
FSP Number
20480
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