Introduction of Cargo Advantage℠ by Great American Insurance Group
The Great American Insurance Group’s Property & Inland Marine Division is excited to introduce Cargo Advantage℠, a thorough motor truck cargo insurance product designed to offer extensive protection against the unique risks of cargo transportation.
Enhanced Coverage Options
Cargo Advantage enhancements include customizable limits and deductibles tailored to meet the diverse needs of different exposures. The product also features a dynamic rating methodology that rewards insureds for their longevity in business, positive claims history, and maintaining strong safety ratings. Additionally, low minimum premiums are available, with coverage rated either by scheduled vehicles or through blanket coverage based on revenue from mileage.
Inclusion of Additional Coverages
Beyond primary coverage, Cargo Advantage includes seven additional coverages that address potentially overlooked risks which might not be covered under other policies unless specifically requested. The default limits for these additional coverages will vary according to the trucker’s requirements and can be adjusted as needed. Six optional coverages and a variety of endorsements for specialized operations further enhance the product’s adaptability for a range of trucking businesses, from large fleets to individual owner-operators.
Claims Handling Expertise
In the event of accidents, claims are managed by an in-house team of cargo claim specialists. Greg Patterson, Divisional Assistant Vice President of Property & Inland Marine, remarked, “Our dedicated cargo specialists are specially trained to assist our insureds during challenging times. They possess the knowledge and expertise to navigate complex cargo claims. We take pride in offering this specialized product to our policyholders.”
Learn More About Cargo Advantage
For more information on Property & Inland Marine’s Cargo Advantage, visit GAIG.com/PIM.
About Great American’s Property & Inland Marine Division
Great American’s Property & Inland Marine Division is dedicated to providing specialized service and expertise focused on property and inland marine coverages. Our agents and insureds receive reliable solutions from a trustworthy team. Our mission is to empower our customers to thrive by being a top provider of risk management solutions through property and inland marine insurance products and services. Note that the coverage description is a summary; please refer to the actual policy for detailed terms, conditions, limits, and exclusions. Policies are underwritten by various authorized insurers across all 50 states and Washington, D.C.
About Great American Insurance Group
Founded in 1872, Great American Insurance Group has its roots in the establishment of Great American Insurance Company. Based in Cincinnati, Ohio, the Group primarily engages in property and casualty insurance, concentrating on specialty commercial products for businesses. The Great American Insurance Company has consistently received an “A” (Excellent) or higher rating from A.M. Best for over 115 years and currently holds an “A+” (Superior) rating. The members of Great American Insurance Group are subsidiaries of American Financial Group, Inc. (AFG), also located in Cincinnati, Ohio, whose common stock is traded on the New York Stock Exchange under the symbol AFG.
