Short Term Insurance Topics

What is insurable interest?

Ask yourself the following questions:
Are you the registered owner of the item?
Are you the only individual who will suffer
a financial loss in the event of damage or loss?
Are you the regular driver of the vehicle?
Does one of your dependants drive your vehicle?
All of the above will determine whether you have
insurable interest in an item or whether somebody
else has insurable interest with regards to your
possessions.

Please speak to a Cover Spec consultant for more details.

All Risks -
Did you know that
you have to specify
the following items?

Your cellular telephone
Your motor vehicle radio
Valuables such as jewellery,
cameras, weapons, etc. above
a certain value, depending on
your insurer's specifications
and requirements.

Unspecified All Risks
Will a R1000 unspecified All Risks cover
be sufficient to replace all your valuables
that leave home with you - all your valuables
and also those of your families?

Keep validation certificates and proof
of purchase at all times!

Are your vehicles insured for the correct class of use?

When insuring your vehicle/s, it is important to declare the class of use/purpose of each individual vehicle.

Classes of use include:

Private or Professional use
Business use
Commercial Use

 

Your vehicle's class of use affects your premium contribution, and could mean, if not declared for the correct use, that the insurer will decline a claim in the event of loss/damage.

Speak to a Cover Spec consultant to ensure that you enjoy adequate and continued cover on your vehicles.

Short-term
Insurance

Key Words

Average will apply if your vehicle or household
contents are insured for less than the actual
replacement value.
You are therefore under-insured and this means
that the insurer will not pay the full value of your
claim.
Remember to revise the insured amounts of your
valuables on a regular basis.
Third party cover: Cover against any possible
damage which your vehicle may cause to another
person's property.
An excess payment is the portion of the
loss/damage that you, the insured have to
carry - it is the uninsured portion of your loss.
By choosing a higher voluntary excess, you
will end up paying a lower monthly premium!

Please speak to a Cover Spec consultant
for more information.

ARE YOU MOVING?

TO A NEW HOME?

Inform us immediately of your new residential address, postal address and telephone number/s.
Your new residential suburb might be considered to be a lower/higher risk area, influencing your premium and/or the insurer's requirements with regards to security measures.
Remember to inform us if your new home's walls/roof is of non-standard construction eg. thatch, grass, bamboo and/or wood.
You need to declare if your home/second home/holiday home is unoccupied for more than 60 days per year.

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