Motor Related Products

Total Loss Excess Reducer – Theft/Hijack/Write-off (HCVs, Trailers, Buses, LDVs, PMVs and Special Types – Plant all risk and farming equipment)

This cover is in the event that the insured vehicle is stolen or hijacked or written off as a total loss by the underlying insurer. This reduces the total loss (incl. theft/hijack) excess on a vehicle.

Own Damage Excess Reducer (Commercial)

This cover reduces the client’s accidental damage excess on his comprehensive insurance. Own Damage Excess Reducer provides client with a variety of fixed and variable inner excess options. The client also has a claim if the claim amount is within underlying insurance company excess.

<h4>Excess Reducer (HCVs, Trailers, Busses and Special Types – Plant all risk and farming equipment)</h4>

Own Damage Excess Reducer (LDV’s)

This cover reduces the client’s accidental damage excess on his comprehensive insurance. Own Damage Excess Reducer provides client with a variety of fixed and variable inner excess options. The client also has a claim if the claim amount is within underlying insurance company excess.

Penalty Own Damage Excess Reducer (HCVs, LDVs and Trailers)

This cover reduces the various own damage penalty excesses of the underlying insurer that is in addition to the basic excesses.

Third Party Excess Reducer – Section II (HCVs, Trailers, Buses, LDVs and Special Types – Plant all risk and farming equipment)

This product covers the client’s section II liability excess if called upon. A number of insurers are asking their clients to pay a section II excess before they proceed with third party claims.

Loss of Use (HCVs, Trailers, Buses, LDVs and Special Types – Plant all risk and farming equipment)

This section insures you for the loss of use of your Commercial Vehicle following an insured event that results in Own Damage, Theft or Hijack or Total Loss. If being repaired, only whilst the insured vehicle is in the custody or a registered member of the Motor Trade in respect of an approved collision repairer. Various options are available.

Credit Shortfall (HCVs, Trailers, Buses, LDVs, PMVs, Motorcycles and Special Types – Plant all risk and farming equipment)

Credit shortfall insurance settles any shortfall owed to the Financier under a current instalment sale or lease agreement. A legally enforceable Credit Agreement as defined in the the National Credit Act 34 of 2005 as amended, entered into by The Insured with the Finance Company in respect of the Insured vehicle and specified in the Policy Schedule. This will occur if your vehicle is stolen or written off, less any arrears instalments or interest payable on arrears, refunds of premium for cancellation of any insurance and first amount payable. Residual payments due under the final instalment and any re-financed payments will not be covered.

Private Motor Vehicle

Hazardous Chemical Pollution Liability Excess Reducer (HCVs)

This cover reduces the Hazardous Chemical Pollution Liability excess .This cover is only available if the Hazardous Goods Transported are insured with an underlying Insurance Company for Pollution Liability and the said liability exceeds the limits stated in our policy.

Tow Fee Top-up (HCVs, LDV’s, Trailers and Buses)

In the event of a loss the underwriters will pay the benefit related to the costs incurred by the insured in the recovery of the insured vehicle following an insured event but not exceeding R50,000. This covers the costs of recovery and towing to repatriate the insured vehicle(s) to the Republic of South Africa and cross border as underlying policy wording.

Goods in Transit Excess Reducer (HCVs and LDVs)

Goods in transit is for loss of or damage to the whole or part of the property described in the schedule, owned by the insured or for which they are responsible, in the course of transit by the means of conveyance or other means incidental thereto and caused by any accident or misfortune not otherwise excluded. The cover available is for Theft/ Hijack and Basic Excess Buydown (Non-hijacking and Hijacking) cover for clients with any comprehensive policy placed with an underlying insurer.