Should you be “underinsured” it means that you will only receive partial compensation after submitting a claim.
For example : After the loss, the assessor estimates the replacement value of the household contents as R400 000, but your sum insured is just R200 000 and during the burglary R40 000 worth of goods were stolen. Because your sum insured was only half the amount at risk it is then determined that you are only insured for half the amount of the loss and therefore you will be settled R20 000 – an amount half of the claim.
The dining room suite you bought 5 years ago for R5000 might now cost R10000 to replace. The contents of your home are insured at replacement value. Whenever a huge monitory purchase is made, please advise Benneton.
Should you wish for a professional inventory to be done on your house contents or business contents we can arrange for this to be done by and outside firm for a small fee. Please contact our office to arrange.
Insurance fraud leads to criminal prosecution and difficulties in getting future cover. You make a fraudulent claim if you :
By law, a valid driver’s licence is required before a person may drive a motor vehicle. A PDP is also required in the event of a goods carrying vehicle. If the policyholder gives someone without the necessary driver’s licence or PDP permission to drive the insured vehicle, the claim will be rejected.
All insurance contracts stipulate that a policyholder must take the necessary care. He must take the steps necessary to prevent loss or damage, for example,
It is against the law to drive under the influence of alcohol.
The insurance company will reject a claim if it is found that the driver exceeding the legal blood alcohol level at the event of the motor claim.
To enjoy burglary/theft/hijacking cover, the necessary security requirements must be in place – This applies to the insured premises and motor vehicle. If the policy stipulates that the premises must be fitted with the minimum security (burglar proofing on all opening windows and security gates on all external doors) or/and approved alarm system linked to a 24 hour armed response the onus lies on the client to ensure that all is in place. In respect of motor vehicles the stipulation of an alarm/immobilizer, gearlock or a tracking device (must be activated at all times) to be installed must be adhered to. Should your policy reflect terms/conditions which you are not familiar with, please contact our offices for advice.
Make sure you have sufficient funds in your bank account to meet the debit order. Should your debit order be rejected by your bankers for any reason whatsoever, kindly contact our offices immediately to make an arrangement for payment.
Physical Address: 19 Pretoria Road, Morehill, Benoni
Postal Address: P.O Box 13005, Northmead 1501
Authorized Financial Service Provider
VAT Number : 4750136626
FSP Number: 5229
Registration Number: 1993/001142/07
