Great American Insurance Group Introduces New Motor Truck Cargo Product to Address the Evolving Needs of Transporting Cargo
CINCINNATI – June 13, 2023 – Great American Insurance Group’s Property & Inland Marine Division is pleased to announce the launch of Cargo Advantage℠, a comprehensive motor truck cargo product that provides broad protection against risks uniquely associated with transporting cargo.
Cargo Advantage enhances Property & Inland Marine’s motor truck cargo coverages with the addition of limits and deductibles that can be customized to best fit the needs of various exposures, along with the introduction of a dynamic rating methodology. This rating approach rewards insureds for increased years in business, favorable loss experience, and maintaining good safety ratings. Along with low minimum premiums, coverage can be rated based on scheduled vehicles or blanket coverage based on mileage revenues.
In addition to primary coverage, seven additional coverages are included, which can respond to potentially overlooked exposures that may not be addressed in other forms unless specifically requested or endorsed. Default limits for additional coverages will vary based on the needs of the trucker and can be modified to satisfy particular requirements. Six optional coverages, along with various coverage endorsements created to cover the needs of specialized operations, round out a product offering that can be tailored to the distinct demands of any trucking operation, from large fleet trucking operations to single-unit owner-operators.
When accidents occur, claims are handled by an in-house team of cargo claim experts. Greg Patterson, Divisional Assistant Vice President, Property & Inland Marine, states, “Our dedicated team of cargo specialists is specifically trained to help our insureds during a difficult time. They have the education and skills to navigate the most complex cargo claims. We’re proud to offer this specialized product to our policyholders.”
To learn more about Property & Inland Marine’s Cargo Advantage, visit GAIG.com/PIM.
About Great American’s Property & Inland Marine Division
Service Minded. Solution Driven.
Specialty Focused. Great American’s Property & Inland Marine Division
provides dedicated service and specialized expertise focused solely on property
and inland marine coverages. Our agents and insureds get the solutions they
need from people they can trust. Our mission is to enable our customers to
prosper by being a leading provider of risk management solutions using property
and inland marine insurance products and services. Coverage
description is summarized. Refer to the
actual policy for a full description of applicable terms, conditions, limits
and exclusions. Policies are underwritten by Great American Insurance Company,
Great American Assurance Company, Great American Alliance Insurance Company and
Great American Insurance Company of New York, authorized insurers in all 50
states and the DC.
About Great American Insurance Group
Great American Insurance Group's roots go back to 1872 with the founding of its flagship company, Great American Insurance Company. Based in Cincinnati, Ohio, the operations of Great American Insurance Group are engaged primarily in property and casualty insurance, focusing on specialty commercial products for businesses. Great American Insurance Company has received an "A" (Excellent) or higher rating from the A.M. Best Company for over 115 years and is currently rated “A+” (Superior). The members of Great American Insurance Group are subsidiaries of American Financial Group, Inc. (AFG), also based in Cincinnati, Ohio. AFG's common stock is listed and traded on the New York Stock Exchange under the symbol AFG.