Tailor-made motor insurance policies
Insurance companies in South Africa generally have dedicated policies for individual motor vehicles, as well as fleet insurance and other types of motor insurance. Ask Chadwicks Insurance brokers for advice on tailor-made insurance packages designed specifically for your individual business requirements.
Keep the broker or insurance company informed of any traffic violations
It is imperative to ensure that all designated drivers have valid driver’s licenses commensurate for the type of vehicle they drive and that any traffic violations or convictions occurring after the insurance policy was signed be reported to the insurance company or broker. Failure to do so may very well mean the business owner is not covered for loss or damage to the company car or even worse still, legal liabilities to third parties property as a result of the motor vehicle.
Optional extras
Apart from comprehensive cover, clients may choose optional extras, which may include:
- Insurance cover when travelling outside of South Africa’s borders.. This additional cover may include the cost of repatriation to South Africa, should the loss occur outside South Africa
- Special cover for 4×4 owners
- Car hire, up to a specified number of days, following a claim (accident or theft) to the insured vehicle. The insurers basically provide you a hired car, usually after 3 days
- Loss of Use cover, up to,a specified number of days, based on insurers paying you an amount per day as compensation (usually after 3 days), to enable your hire another commercial vehicle, following a claim to the insured vehicle
- Vehicle credit shortfall (“Top Up”) insurance cover, which covers the outstanding payments (beyond the specified policy indemnity) to the finance house
- Basic Excess Waiver
- Cover for factory and non-factory fitted extras e.g. canopies, tow bars, bull bars, mag wheels etc.
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