What is a key advantage for an owner when purchasing a transportation policy?

A key advantage for an owner when purchasing a transportation policy is the immediate payment for loss that can be provided under the terms of the policy. This feature is crucial for businesses that rely on timely compensation to maintain financial stability and to continue operations without significant delays caused by loss or damage to goods in transit. Transportation policies are designed to mitigate the risks associated with the movement of goods, which can include theft, damage, or loss due to accidents.

Having immediate payment for loss ensures that an owner can recover quicker from an unexpected event, thus reducing downtime and potential loss of revenue. This financial safety net allows businesses to plan more effectively and operate with confidence, knowing that they have protection in place that can promptly address losses.

In contrast, options like owning the carrier or exclusivity on goods shipped do not directly relate to the benefits of having a transportation insurance policy. Similarly, increased shipping costs are generally viewed as a drawback rather than an advantage, as businesses aim to minimize expenses while still securing adequate coverage for their assets.