All Risks Insurance

All Risks Cover

On a daily basis we leave home with an array of valuable and expensive items. We carry cell phones, laptops, jewellery, and not to mention all the contents of handbags and suitcases. The cost and inconvenience of replacing these items can be enormous and very frustrating. That is why we strongly recommend that all our policyholders take out All Risks cover.

This will provide you with the peace of mind that should your goods (normally worn on you or carried with you on a regular basis away from your home) be stolen, lost or damaged, you can easily replace or repair them with no hassle.

Our All Risks cover provides cover to you against accidental loss of or damage of your unspecified as well as specified items.

What is the difference between unspecified and specified All Risks cover?

Unspecified

This is an insured amount chosen by the policyholder to cover items that you carry on you or with you away from your house on a regular basis. This does not provide cover for items that according to our policy wording need to be specifically insured. The amount that you may claim per item lost, stolen or damaged is 20% of the total sum insured (Amount chosen by you to cover all of the items that you normally carry) for example:

Sum Insured

R10 000

You will be able to claim up to 20% (R2000) of the R10 000 (Sum insured chosen) per item, with a maximum of R10 000 per claim.

Items with a greater value than 20% of the sum insured chosen should then be specifically insured, or the sum insured chosen should be increased.

Specified

These are items that according to our policy wording must be specifically insured, such as contact lenses, pedal cycles, cellular telephones, firearms, portable radios, tape decks, compact disc players, pagers, audio or video tapes or compact discs or any other item with a greater value than 20% of the sum insured chosen by the policyholder under the Unspecified All Risks Section.

Our fixed excess means that you pay a selected excess (R250) and it remains fixed regardless of the nature or value of the claim. A policyholder 50 years and older has NO EXCESS on All Risks insurance.
Our All Risks policy has no geographical limits, which means that we provide you with full and comprehensive cover anywhere in the world.

Our policy provides the following benefits to you FREE of charge:

Golfers' hole-in-one R2,000
Loss of money R3,000

Bowlers Extension

Bowls and equipment - one set only involved R4,000
Bowls and equipment - two or more sets involved R8,000
8/9 scored - R1000 in an official club competition and R2000 for a national or district competition and R3000 for international competitions.

There is NO EXCESS applied to these Free benefits.

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