A market leader focused on bringing innovative and niche insurance solutions to market.
Contact Us
- 086 144 4462
- info@genric.co.za
- Block B, Western Entrance, Lynnwood Corporate Park, 36 Alkantrant Road, Lynnwood Ridge, 0081
The objective of Specie Insurance is to provide cover for one of the most common and oldest risks – historically known as “piracy” – but in South Africa commonly referred to as hijacking or, more mundanely, as theft of cash and valuables whilst in transit or storage.
This is only a guide. The full terms and conditions are contained in the policy wording.
The Benefits to Policyholders
- Tailor-made wording for the industry
- Excess free or low excess
- This type of Insurance is usually difficult to obtain by smaller clients
- Risks covered under our policies are usually not covered by the general insurance market
- Price fluctuations minimal and cash claims do not influence non-cash related premiums, as it allows our policyholders to separate high valuables insurance from their normal commercial insurance policies
- Product suits high-risk exposures
- Expert knowledge of cash, valuables and fine art insurance industry
- The facility provides higher limits than traditional insurers
- Access to and support of international markets with intimate knowledge of mitigating risks associated with our products
- Excellent Reinsurance backing
Cover Provided
- Cash/valuables lost whilst in the custody and care of an Approved Security Services Provider
- Cash / Valuables lost whilst in storage (Vault or safe)
- Cash /Valuables lost in transit – either by:
- Outside influence
- Accidental damage