Assets
Building
It is essential to understand what your insurance policy defines a building as. Usually, it is the actual structure with all fixtures and fitting and other named structures like driveways, gates, fences etc. - check your policy to ensure your building falls within the ambit of cover provided by your policy.
Main Coverable Events
Storm
Fire
House Contents
Essentially, the assets that remain, should be able to turn your building upside down, are the House Contents. The main insured events covered under House Contents are Fire, Storm and Theft. Always check you have read the policy exclusions. An example of a risk that is excluded is “Wear and Tear” or any gradually operating cause.
Main Coverable Events
Storm
Fire
Theft
All Risks
An all risks insurance policy, is essentially cover for all loss or damage to specified property, subject to the listed policy exceptions. Some typical exclusions are wear & tear, mechanical/electrical breakdown, inherent vice and theft from unattended vehicles. Be sure to read your policy to ensure you are aware of all the exclusions.
Main Coverable Events
Storm
Fire
Theft
Accidental Damage
Motor
The three types of cover offered by motor insurers, are Comprehensive, Balance of Third Party, Fire and Theft and Third Party only. Comprehensive is the widest cover, basically covering accident to the car, theft and liability to third parties, arising out of the use of the car.
Main Coverable Events
Storm
Fire
Theft
Accidental Damage
Liability
Pleasure Craft
Watercraft come with their own unique set of risks and yet, are similar to motor car when it comes to insurance, in that the policies will usually differentiate between the accident damage to the pleasure craft, passenger liability and liability caused to third parties out of the use of the boat – like pulling a water skier for example.Just think what can go wrong…
Main Coverable Events
Storm
Fire
Theft
Accidental Damage
Liability
LIABILITY
Personal Liability
A common mistake made by some people, is to only concentrate on the insurance of their own assets (sometimes called first party insurance). While securing comprehensive insurance cover on your assets is key, transferring the insurable risk exposure you have as a natural person to third parties, is critically important.
Main Coverable Events
Civil Legal Liability arising from accidental damage to Third Party Property or death/injury to Persons
ACCIDENT TO PERSONS & PROPERTY
Travel Insurance
Travel insurance is available for local and international travel. The cover provided usually includes flight/trip cancellation, liability, lost baggage, emergency medical expenses etc. Personal Accident essentially covers death and permanent disability, to natural persons, arising from an accident.
Main Coverable Events
Personal Accident
Medical Emergencies
Liability
Personal Accident Insurance
Personal short term insurance policies are able cover eventualities like death and permanent disability, following accident to insured named persons. This is facilitated by selecting a sum insured for the insured eventuality, on a named person basis,
Main Coverable Events
Accident
SPECIALISED
High Net Worth
Our select high net worth policies are designed for clients with a higher than average asset sums insured. Higher than average sums insured, also means cover and service that should be higher than average, and it certainly is. For example, Accidental Damage asset cover usually comes as standard (often referred to as All Risks Asset cover), resulting in wider coverage and a policy with less restrictions.
Main Coverable Events
Same Events As “Personal Insurance”, except on a wider cover level
The Importance of Personal Insurance
We do not take the responsibility of insuring you and your family's personal property and possessions against the unforeseen lightly. We also understand that the transaction does not end with competitive insurance premiums - our service is ongoing and includes general policy advice and maintenance throughout the year and, of course, a personalised insurance claims service which is managed in-house.
Professional Personal Insurance
You will experience our high level of personal and professional service every time you interact with Chadwicks. Unlike many telephone based and 'insurance direct' companies, our team has many years' experience, allowing us to handle enquiries and insurance claims efficiently. Don't look any further for the brokers offering the best personal insurance in South Africa.
With Chadwicks Risk & Insurance Brokers you can rest assured that your insurance policy will be handled by an insurance professional, not a call centre employee! Contact us today.
