SSAA Insurance Brokers Pty Ltd - Transit Cover
Mick and his family own a large farming property in southern New South Wales. They have managed to just make ends meet for the past three years despite the harrowing effects of the drought. However, this year Mick risked losing it all. Rather than see his family’s hard work wither and die like so much of his crop, Mick decided to sell some of his farm equipment, including one of his two tractors, at an auction.
With the tractor loaded on a truck, Mick climbed behind the wheel and began his six-hour journey. His wife, Sharon, watched as the dry, red dust engulfed the truck. With a tear in her eye, she prayed that Mick would return with some good news and the money they needed to pay their bills.
Unfortunately, the road that Mick had to travel was falling apart. Turning a poorly maintained corner, the truck slid off the road and overturned. The tractor was damaged beyond repair.
Mick was grateful that he escaped the accident with only minor injuries. He was also relieved when he remembered that he had recently renewed his Farm Insurance Policy with Transit Cover through SSAA Insurance Brokers Pty Ltd. He wasn’t sure what his cover included, but when he phoned his broker, he was told that his black cloud had a silver lining.
The Transit Section of the policy covers loss or damage to insured property caused by fire, flood, collision or overturning of a road vehicle owned and in the control of the insured or an employee, anywhere in Australia. When Mick needed help, SSAAIB was there.
The Farm Insurance Policy also includes the destruction of livestock necessary for humane reasons and herding or temporary storage of any livestock to prevent straying. The cover is limited to 20 per cent of the sum insured in respect of any one animal unless it is specified on the policy.
Because Mick didn’t let his cover lapse, even when money was tight, he was able to hang onto his farm and his family’s dream for another year.
Contact SSAAIB on 1800 808 608 for more information on farm insurance or to update or renew your current policy. All quotations are provided by SSAAIB on an obligation-free basis. This policy is in addition to the great services SSAAIB provides for personal and commercial insurance needs.
SSAA Insurance Brokers Pty Ltd ABN 86 077 822 970 is a Corporate Authorised Representative under Australian Financial Services, Licence No. 237491, ABN 52 074 444 296.
This information is always subject to the terms, conditions, limitations and exclusions of the policy quoted.
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