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BUILDINGS

BUILDINGS. BUILDINGS. SPECIFIC DEFINITIONS FOR THE BUILDING SECTION

RexAlvis
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BUILDINGS

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  1. BUILDINGS

  2. BUILDINGS SPECIFIC DEFINITIONS FOR THE BUILDING SECTION • Under Buildings specific definitions: “Buildings” has been changed and no longer contains the word “freestanding”. This definition now includes “fitted appliances and climate control systems, permanently installed watering systems, garden light and lighting systems”. • “Pests” has been introduced as it is applicable to the newly introduced “Pest contamination” cover.

  3. Buildings continued.... COVER OLD NEW Cover during building changes Excluded Up to sum insured Cover during property transfer 25% sum insured Up to sum insured No excess payable Excluded Included Subsidence, Landslip or Ground heave 25% sum insured Up to sum insured

  4. Buildings continued.... AUTOMATIC EXTENSIONS OLD NEW Alternative accommodation or rent LIMIT: 25% of building sum insured EXCESS: R 0 Excluded Included wider cover Costs of preparing claims LIMIT: R 20 000 EXCESS: 0 Excluded Up to R 20 000 Electrical and mechanical breakdown LIMIT: R 15 000 EXCESS: R 0 Up to R 10 000 Up to R 15 000

  5. Buildings continued.... AUTOMATIC EXTENSIONS OLD NEW Pest contamination LIMIT: 25% of building sum insured EXCESS: R 0 Excluded Included Removal of fallen trees LIMIT: R 5000 unless accompanied by damage to building EXCESS: R 0 Excluded Included

  6. Buildings continued.... GENERAL: • Cover for theft or attempted theft, vandalism or malicious acts has been clarified and restriction of security measures has been removed. (Previously excluded unless security measures were met). • Geyser sliding scale excess has been removed (previously penalized policyholder on the age of the geyser).

  7. HOUSE CONTENTS

  8. HOUSE CONTENTS SPECIFIC DEFINITIONS FOR THE CONTENTS SECTION • Under Contents Specific definitions: “Contents” has been changed and “remote controlled motor and watercraft toys and models” are now seen as contents. • Definition of contents has been extended to be covered anywhere “at” the insured address thus anywhere on the insured property i.e. on driveway (previously only contents cover whilst “in” a building.).

  9. House contents continued… • SPECIFIC DEFINITIONS FOR THE CONTENTS SECTION • Cover for the insured’s contents away from the property is • now covered under an extension.(Previously limited to • boarding schools, college, university or other student • accommodation including transit there or at • nursing home or residential care home). • Security restrictions have been removed (previously only • covered whilst contained in any other buildings subject to • the same security measures as the main risk), note no • cover for transit there and back as this is now available • under the all risk section. – REFER TO SPECIFIC • EXTENSION FOR EXACT DETAIL.

  10. House contents continued... SPECIFIC DEFINITIONS FOR THE CONTENTS SECTION • “’Pests” has been introduced for it is applicable to the newly introduced “Pest contamination” cover. • “Forcible & violent entry” definition has been introduced in the policy wording. • Definition for jewellery & watches has been clarified. • Definition for money now includes Kruger Rands

  11. House contents continued... Cover NEW OLD Contents in storage 20% of sum insured Up to sum insured No excess payable Excluded Included Limits that apply to jewellery (without proof of valuation) Up to R 15 000 Up to R 20 000 Removal of contents 25% of sum insured Up to sum insured Specified valuable items 25% of sum insured Up to sum insured

  12. House contents continued... AUTOMATIC EXTENSIONS OLD NEW Alternative accommodation or rent LIMIT: 25% of building sum insured EXCESS: R 0 Excluded Included wider cover Costs of preparing claims LIMIT: R 20 000 EXCESS: 0 Excluded Up to R 20 000 Cover for contents not contained at insured address LIMIT:10%contents sum insured EXCESS: R 1 000 R 10 000 10% of sum insured

  13. House contents continued... AUTOMATIC EXTENSIONS OLD NEW Hole-in-one LIMIT: Hole in one golf R 10 000 EXCESS: R 0 R 5 000 R 10 000 Full house LIMIT: Full house – bowls R 5 000 EXCESS: 0 R 1 000 R 5 000 Money LIMIT: R 25 000 EXCESS: R 0 Kruger Rands excluded Kruger Rands included

  14. House contents continued... AUTOMATIC EXTENSIONS OLD NEW Personal baggage insurance LIMIT: R 15 000 EXCESS: R 0 Excluded Up to R 15 000 Pest contamination LIMIT: 25% of contents sum insured EXCESS: 0 Excluded Included Replacement of locks & keys LIMIT: 25% of contents sum insured EXCESS: R 0 Excluded car keys & remotes Car keys & remotes included

  15. House contents continued... AUTOMATIC EXTENSIONS OLD NEW Swimming pool, borehole & other motors LIMIT: R 15 000 EXCESS: R 0 Up to R10 000 R 15 000 Veterinary expenses LIMIT: R 5 000 EXCESS: 0 Up to R 2 500 Up to R 5 000

  16. House contents continued... EXCLUSIONS OLD NEW Theft from buildings No cover if no linked alarm Covered up to R 5 000 if no linked alarm

  17. House contents continued... OTHER: • Gifts cover has been removed. Now covered under “Your cover”. • New purchases cover has been removed. Now covered under “Your cover”. • Exclusion for loss of or damage to money has been extended to include credit or cash cards and other negotiable instruments.

  18. House contents continued... • Other continued… • Exclusion introduced for loss of or damage to content • more specifically insured elsewhere • B & B Extension is available on request under • Contents Section for loss or damage to business • contents, personal belongings, money, spoilage of • food and drink and liability (an excess of R 5 000 • applicable) cover.

  19. ALL RISK

  20. ALL RISK SPECIFIC DEFINITIONS FOR THE ALL RISK SECTION • Under All risk specific definitions: The definition of unspecified items and Specified items has been defined under this section and no more under the General definitions. • All Risk Unspecified items are: clothing, personal belongings normally worn or carried by a person, personal equipment normally worn or used by the person participating in sport and hobbies, content of caravans and camping equipment. Note that the definition for personal belongings (defined in General Definitions) includes normal household goods.

  21. All risk continued... All Risk Specified items have been amended. Only the following items must be specified: • Items worth more than the unspecified all risks sum insured, • Items used for business or professional purposes, • Mobile communication equipment, cellphones, laptops, portable computers, • DVD’s, CD’s, MP 3 players, Ipods, portable playstations and portable GPS systems,

  22. All risk continued... SPECIFIC DEFINITIONS FOR THE ALL RISK SECTION • Firearms & guns, • Pedal cycles, • Parachutes, Para gliders and hang-gliders Definition for jewellery & watches has been clarified.

  23. All risk continued... COVER OLD NEW Personal belongings extended to include household goods Excluded Included Limits that apply to jewelry (without valuation certificate) Up to R 15 000 Up to R 20 000

  24. All risk continued... EXCLUSIONS OLD NEW Personal belongings from unoccupied vehicle when not contained in locked compartment or boot. Excluded Included where the type of vehicle does not have a boot. Subject to R 1 000 excess.

  25. LIABILITIES

  26. Liabilities continued... COVER OLD NEW Personal Liability Up to R1 million Up to R 1 million

  27. Liabilities continued... AUTOMATIC EXTENSIONS OLD NEW Extended legal liability Up to R 20 million (previously only applied to non motor liability) Up to R 24 million (applies to motor & non motor liability) on top of R 1 million Motor third party liability R 1 million ( no option to extend) R 2.5 mill for damage to property Up to R 1 million (can be extended) Up to R 1 mill Liability Plus (Top –Up) R 10 million for all other liabilities to Third party (motor) Up to R 24 million on top of R 1 million

  28. Liabilities continued... AUTOMATIC EXTENSIONS OLD NEW Identity theft – Legal Expenses No cover Up to R 30 000 Lost income No cover Up to R 750 Obligation to pay No cover Up to R 2 500

  29. Liabilities continued... AUTOMATIC EXTENSIONS OLD NEW Miscellaneous Expenses No Cover Up to R 2 500

  30. MOTOR

  31. MOTOR SPECIFIC DEFINITIONS FOR THE MOTOR SECTION Under Specific motor definitions the following definitions have been introduced: • Agreed value, • Comprehensive cover option, • Comprehensive excluding theft & hijacking cover option,

  32. Motor continued… SPECIFIC DEFINITIONS FOR THE MOTOR SECTION CONTINUED… • Laid up cover option, • Territorial limits, • Third party, fire & theft cover option, • Third party only cover option,

  33. Motor continued… SPECIFIC CONDITIONS FOR THE MOTOR SECTION • These are conditions applicable specific to the Motor section of the policy and are not listed under the Policy’s specific conditions.

  34. Motor continued… COVER OLD NEW Your cover Retail Retail No excess payable Excluded Included

  35. Motor continued… AUTOMATIC EXTENSIONS OLD NEW Authorising emergency repairs LIMIT: R 5 000 EXCESS: R 0 Up to R 3 000 Up to R 5 000 Changes to your vehicle because of physical injury. LIMIT: R 50 000 EXCESS: 0 Excluded 5 % of sum insured up to R 50 000 Child seat LIMIT: R 2 500 EXCESS: R 0 Excluded Up to R 2 500

  36. Motor continued… AUTOMATIC EXTENSIONS OLD NEW Difference in excess for a hired vehicle LIMIT: Maximum R 10 000 EXCESS: R 0 Excluded Included Fire extinguishing costs LIMIT: Reasonable costs EXCESS: 0 Excluded Included 4 x 4 cover LIMIT: Emergency repairs R 7 500 Winching R 5 000 EXCESS: R 0 Excluded Included

  37. Motor continued… AUTOMATIC EXTENSIONS OLD NEW Head, tail & spotlight LIMIT: R 5 000 EXCESS: Window glass excess Covered under basic cover Cover given as an extension Cost of air freighting or importing the part LIMIT; R 5 000 EXCESS: 0 Up to R 2 500 Up to R 5 000 Locks & Keys LIMIT:R 10 000 EXCESS: R 15 % of claim minimum R 150 Excluded Included & wider cover

  38. Motor continued… AUTOMATIC EXTENSIONS OLD NEW Radio’s & CD players LIMIT: R 10 000 EXCESS: R 25% of minimum claim R 250 Excluded Included Repatriation Costs LIMIT: R 20 000 EXCESS: 0 Excluded Included Replacing your vehicle Excluded Included

  39. Motor continued… AUTOMATIC EXTENSIONS OLD NEW Reward for information LIMIT: R 50 000 EXCESS: R 0 Excluded Included Tracking device installation LIMIT: R 2 000 EXCESS: 0 Excluded Up to R 2 000 Vehicle transfer cover LIMIT: R 750 000 EXCESS: R 0 No cover Up to R 750 000

  40. Motor continued… AUTOMATIC EXTENSIONS OLD NEW Window glass LIMIT: R30 000 EXCESS: Cape Town – 15% of claim min R 150 Gauteng & KZN – 25% of claim min R 250 Covered but not noted in the wording Included and wider cover Wreckageremoval LIMIT: Reasonable costs EXCESS: R 0 Excluded Included

  41. Motor continued… OPTIONAL EXTENSIONS OLD NEW Credit shortfall LIMT: Insured to choose EXCESS: R0 Excluded Available as an optional extension Increase in windscreen cover LIMIT: Insured to choose EXCESS: window glass excess Excluded Option to increase cover included Now an optional extension Automatically included Car hire LIMIT: Insured to choose EXCESS: R 0

  42. Motor continued… EXCLUSIONS • New exclusions have been introduced namely damage • to tyres. • Note number 8 under specific exclusions.

  43. MOTORCYCLES

  44. Motorcycles continued… COVER OLD NEW Your cover Not included in wording Included in wording New vehicles Excluded Included Excess waiver Excluded Included

  45. Motorcycles continued… AUTOMATIC EXTENSIONS OLD NEW Authorizing emergency repairs LIMIT: R 3 500 EXCESS: R 0 Excluded Included Delivery after repairs LIMIT: Reasonable costs EXCESS: 0 Excluded Included Cost of air freighting or importing the part LIMIT: R 5 000 EXCESS: R 0 Excluded Included

  46. Motorcycles continued… AUTOMATIC EXTENSIONS OLD NEW Locks & Keys LIMIT: R 5 000 EXCESS: 15% of claim minimum R 150 Excluded Included Medical Expenses Refer to training manual for info Excluded Included Radio & CD players LIMIT: R 10 000 EXCESS: 25% of claim min R 250 Excluded Included

  47. Motorcycles continued… AUTOMATIC EXTENSIONS OLD NEW Replacing your vehicle Excluded Included Reward for information LIMIT: R 50 000 EXCESS: R 0 Excluded Included Tracking device installation LIMIT: R 2000 EXCESS: R 0 Excluded Included

  48. Motorcycles continued… AUTOMATIC EXTENSIONS OLD NEW Tow-in cost and vehicle protection LIMIT: reasonable costs EXCESS: R 0 Excluded Included Wreckage Removal LIMIT: Reasonable costs EXCESS: R 0 Excluded Included

  49. Motorcycles continued… OPTIONAL EXTENSIONS OLD NEW Cover for credit shortfall LIMIT: Insured to choose EXCESS: R 0 Excluded Included

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