Wool in Transit Delivery Warranty

You deserve the peace of mind knowing you are protected against financial loss, should something outside of your control happen before your wool is sold.

Our Wool in Transit Delivery Warranty protects you against financial loss of your clip - from the sheep’s back to the wool store.

Introducing Wool in Transit Delivery Warranty

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Covered at every step

Cover starts when the sheep enter the shearing shed unshorn, continues while the fleece is in storage, and in transit to the wool store.

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Up to $20,000

We'll pay up to $20,000 in clean up and disposal costs, and up to $20,000 for costs incurred preventing further damage to your wool.

Peace of mind

You can relax knowing you are covered for incidents including fire (either in your shearing shed or at the wool store), theft, an accident in transit and more.

How it works

You’ll automatically receive protection when you consign your wool with Elders.

You'll be covered for:

  • wool on the sheep’s back – cover starts when the sheep enter the shearing shed
  • fire – in both your shearing shed and the wool store
  • theft
  • three months on farm storage
  • unlimited duration of cover whilst in wool store
  • transit accident
  • sample grab.

In addition, you can claim up to $20,000 in clean up and disposal costs and up to $20,000 in additional costs incurred while preventing further damage to your wool. 

Please note: vermin and insect damage, depreciation, mildew, mould or temperature damage is not covered.
Terms and conditions apply. Read the full Wool Consignment Conditions

Fees

Wool in Transit Delivery Warranty is a small investment for peace of mind. The warranty fee is calculated as 0.55 per cent of the transaction value, excluding GST. 

For a $1,000 bale of wool, this is works out at just $5.50.

The warranty costs will be automatically deducted from your transactions and appear on your Elders Trading Account invoice. You don’t need to complete any paperwork.


Why choose Elders Finance?

Elders has been supporting Australian farmers since 1839. We understand there are green years and lean years and that you often need a little help to bridge them. 

Elders Finance products are designed to not only keep your agribusiness going, but growing. 

Unlike the big banks, our network of branches across Australia is expanding, so help isn't far away. Many of our staff run their own farms too, so speak your language and will help you find the financial solution you need. 

Enquire now

Contact your local Elders branch, your local Financial Services Manager on 1300 618 367, or complete the enquiry form for a call back.

What if I need to make a claim?

Simply notify your Elders representative of the damaged wool within 48 hours of an incident. We will calculate damages payable and credit your Elders account.

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Have you considered?

Wool Cash Advances

Elders Finance has a range of options to help you unlock the equity in your clip to help cover the on and off-farm expenses associated with shearing time. 

Disclaimer: This information has been prepared without taking into account your personal circumstances, objectives, financial situation or needs. All information is subject to change. Terms and Conditions apply to all products. Refer to individual product pages for more details or contact your local Elders branch. 

Download and read the Elders Financial Services Guide.

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