Protect Your Construction Materials—Even When They’re Not on Site
 Materials Off-site
(Cover)
In construction, materials aren’t always delivered straight to the site. Whether they’re stored in a warehouse, at a subcontractor’s premises, or en route, your project still depends on them. That’s where Materials Off-site Cover comes in.
This policy ensures that your building materials are protected against loss, theft, or damage—even when stored off the project premises. Don’t let unforeseen setbacks put your timeline or budget at risk.
What Is Materials Off-site Cover?
Materials Off-site Cover (also known as Offsite Storage Insurance or Transit Materials Insurance) provides financial protection for building and construction materials that are:
-
Purchased for a specific contract or job
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Paid for but not yet delivered
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In transit or temporary storage
-
Held by suppliers or subcontractors offsite
The cover typically includes protection from:
✔ Theft or burglary
✔ Fire and accidental damage
✔ Storms or flooding
✔ Vandalism
✔ Transit-related damage
Whether you’re a contractor, developer, or owner-builder—this cover ensures your investment is safeguarded, even before work begins.
Get the Right Cover For Yourself
Not sure which cover option is right for you? We're here to help. Fill in the form below, and one of our expert advisors will get in touch to guide you through your options—no obligation, just expert advice tailored to your needs.
Who Should Get Materials Off-Site Cover?
Government Suppliers
Providing goods or services under public procurement contracts.
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Contractors & Subcontractors
Working on civil, commercial, or industrial construction projects.
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Project Management & Consulting Companies
Overseeing or coordinating key deliverables with multiple stakeholders.
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Engineering & Infrastructure Firms
Delivering complex, multi-phase infrastructure developments.
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How It Works –
Materials Off-siteÂ
(Cover)
A Materials Off-site Cover is a financial instrument issued by an insurer or guarantor on your behalf, assuring your client that you will meet all contractual obligations. If you fail to deliver as agreed, the guarantee compensates the client, protecting their interests while reinforcing your credibility.
1. Submit Your Application
Share details of the contract, company background, and supporting documents.
2. We Assess & Underwrite
We evaluate the risk and capacity, and structure the guarantee accordingly.
3. Guarantee Is Issued
We issue the Performance Guarantee directly to your client or beneficiary.
4. Project Is Delivered
You complete the project. Once your obligations are fulfilled, the guarantee expires or is released.
Why You Need Materials Off-site Cover
✔ Financial Security for Your Loved Ones – Ensures your family won’t have to struggle with home loan repayments.
✔ Protects Your Home Against Unforeseen Events – Covers outstanding bond payments in the event of death, disability, or critical illness.
✔ Peace of Mind – Sleep easy knowing your home is secure, no matter what happens.
✔ Flexible & Affordable – Choose a cover amount that suits your loan and budget.
Why Choose Perennity Financial Services For Your Materials Off-site Cover?
✔ Trusted Independent Advisors – We work with leading insurers to find you the best protection.
✔ Tailored to Your Needs – We help you choose a policy that aligns with your loan and financial goals.
✔ Expert Guidance – Our team will guide you through the process, ensuring you get the right cover.
✔ Hassle-Free Claims – We assist your family in managing claims smoothly when they need it most.
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Trusted by Thousands, Securing Your Future Instantly Through Materials Off-site Cover.
At Perennity Financial Services, we’ve helped countless South Africans get the life cover they need—quickly, easily, and without the hassle of traditional medical underwriting. Our expertise ensures that you receive instant, digitally underwritten cover with no delays, no unnecessary paperwork, and no stress. Here’s what we’ve achieved for our clients so far:
FAQ
What is Materials Off-site Cover?
When you’re awarded a contract—especially in the construction, engineering, or public sector—clients want assurance that you’ll meet your obligations. A Performance Guarantee from Perennity Wealth gives your clients peace of mind and gives you a competitive edge. Whether you’re a contractor, supplier, or service provider, our guarantees help you build trust while unlocking larger and more lucrative projects.
Are materials in transit covered?
Yes. Materials in transit to or from the site can be covered, depending on the policy terms.
Does this replace contractor’s all-risk cover?
No. It complements it by specifically protecting materials stored offsite or in transit.
What percentage of the contract value is covered?
Typically between 5% to 10% of the contract value, but this can vary based on project and client requirements.
What materials can be covered?
Bricks, cement, roofing, piping, timber, steel, tiles, and more. If it’s listed in your BoQ, we can likely cover it.
Get Started Today
Don’t leave your building materials exposed to risk. Let Perennity Wealth help you build with peace of mind.
Get the Right Cover For Yourself
Not sure which cover option is right for you? We're here to help. Fill in the form below, and one of our expert advisors will get in touch to guide you through your options—no obligation, just expert advice tailored to your needs.
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