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Short-term Insurance

Vehicle Cover. Short-term Insurance. Short-term Insurance. Short-term Insurance. What will this course do for you?. After this course you will have an understanding of Vehicle Cover Follow the slides to obtain a comprehensive overview

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Short-term Insurance

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  1. Vehicle Cover Short-term Insurance Short-term Insurance Short-term Insurance

  2. What will this course do for you? • After this course you will have an understanding of Vehicle Cover • Follow the slides to obtain a comprehensive overview • You will have self assessments to complete during the course

  3. Vehicles • Please work through each slide carefully to gain the necessary knowledge that is required on vehicles

  4. Which vehicles do we cover? • We only cover SA registered vehicles such as: • Passenger Vehicles • Commercial Vehicles • Vehicles with Tool of Trade attached • Motorcycles • Caravans • Trailers

  5. Excluded vehicles • We do not cover vehicles such as: • Emergency services-, traffic control and armed response vehicles • Law enforcement vehicles • Taxis, busses and any vehicle carrying fare-paying passengers

  6. Driver options • 1. Single Regular Driver – person who drives the vehicle most often on a regular basis in any monthly period – Private or Business Use • 2. Multiple Regular Drivers – up to 3 drivers who all use the vehicle on a regular basis in any monthly period – Business Use Only • 3. Pool Vehicle – no specific drivers, as the vehicle is used randomly by more than 3 drivers in any monthly period – Business Use only

  7. Clients responsibility • Driver responsibilities (all drivers to adhere to terms and conditions) • Important changes (inform us of change of driver, address or use) • Prevent loss or damage

  8. Accident Intentional Acts Theft/Hi Jack/Attempted Fire Explosion Earthquake Acts of Nature Towing & Storage Liability to O/P Comprehensive cover • This is the full range of cover

  9. Accident Intentional Acts Theft/Hi Jack/Attempted Fire Explosion Earthquake Acts of Nature Towing & Storage Liability to O/P Limited cover • Cover is limited as per diagram

  10. Accident Intentional Acts Theft/Hi Jack/Attempted Fire Explosion Earthquake Acts of Nature Towing & Storage Liability to O/P Liability to other parties • Cover is limited as per diagram

  11. Passenger liability • There is NO passenger liability for Commercial vehicles • Passenger liability is only available on passenger vehicles if: • The passenger has no affiliation to the business • The passenger is sitting in a seat designed by the manufacturer to carry passengers

  12. Tools of trade • Damage caused when the vehicle is moving = VEHICLE LIABILITY • Damage caused by the tool of trade = PUBLIC LIABILITY

  13. Momentum Explorer • For PRIVATE use only!

  14. Personal excesses • Pensioners 60 years and older – no excess • Collection Fee R8,44 pm • Joining Fee R216,00 (once-off)

  15. Commercial excesses

  16. Self assessment • Complete the following assessment to test your knowledge on the vehicle section

  17. Self assessment Question 1 of 5 • A client wants to cover the vehicle depicted in the diagram • Which 3 of the following must be specified as accessories? • The emergency light that the client installed • The standard sound system so the client can enjoy a lower excess • The tyres and standard rims • Nothing needs to be specified as accessories • The tipper unit and the value of parts and labour to install the tipper unit

  18. Self assessment Question 2 of 5 • A regular driver is the person who drives the vehicle once a month • True • False

  19. Self assessment Question 3 of 5 • Which 2 of the following 5 vehicle groups are excluded from our cover? • Vehicles carrying livestock • Emergency response vehicles • Taxis and fare-paying passenger vehicles • Vehicles used in the excavation of land • Vehicles driven by lawyers

  20. Self assessment Question 4 of 5 • Which of the following vehicles will never have passenger liability? • A Ford Fiesta • A Renault Megane • A 10 Ton Scania Truck • A Nissan Hardbody

  21. Self assessment Question 5 of 5 • Match the correct driver base with the correct scenario? Single Regular Driver A client wants to cover a vehicle that will be driven by 2 reps and a manager Multiple Regular Driver The client informs you that the vehicle is being driven by anybody in the company Pool Vehicle The client wants to cover a vehicle that he uses for client visits. No one else will use the vehicle

  22. Vehicle cover • Congratulations!! • You have now completed your Self assessment course on Vehicle Cover

  23. Thank you Short-term Insurance Short-term Insurance Short-term Insurance

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