Specie Insurance explained
Specie Insurance refers to the insurance of highly valuable items like cash, gold, diamonds, valuable documents, fine art and jewellery whilst in transit or at rest.
Specie Insurance provides cover for one of the most common and oldest risks – historically known as “Piracy” – but in South Africa parochially referred to as hijacking or, more mundanely as theft of cash and valuable while in transit or storage.
Specie Insurance is a niche financial service for which there is increasing demand in South Africa, particularly on the Cash In Transit side.
Why obtain Specie Insurance cover instead of standard Short Term Insurance?
Due to the nature of Short Term Insurance, Specie Insurance are more focussed on the high risks of storing and securing highly valuable items where Short Term Insurance simply to not cover these highly valuable items.
What makes the Specie Insurance offering from Polygon Underwriting so unique?
With our extensive experience and our highly skilled and experienced consultants, we support our clients with intelligent and pragmatic risk management advice, enhanced by our expertise in the complementary disciplines of high valued commodities and cash in transit and coverage for static risks.
As leading Specie Insurance professionals, our tailor made specialist policies are designed to protect diverse commercial assets. We support these policies with intelligent and pragmatic risk management advice, enhanced by our expertise in the complementary disciplines of high valued commodities, cash in transit and coverage for static risks.
Offering a range of specialised insurance programmes, Polygon Underwriting represents a refreshing new market with the capacity and expertise to service our clients’ needs. “Partnership” is a key word in the way we transact our business, and to that end we distribute our products only through select insurance brokers and intermediaries for the following main product lines and clients: |
