INSURANCE COVER

How does car insurance cover work?

Insurance cover reduces the risk of large sum payments in the case of disaster; whether the disaster is caused by an accident, fire, or theft. Redisure provides comprehensive insurance cover services at an excellent price to our clients.

The company is FAIS compliant in all areas of its service delivery. Since we are Brokers, we represent your interests. Unlike other brokers, this company doesn’t charge a broker commission. We have a flat fee for insurance administration, which means that you pay lower than normal insurance cover premiums.

Categories of car insurance cover
Depending on your preferences, car insurance cover can include:

• Any bodily harm that may come to you and others in the event of a car accident
• Protection for you and others in the case of legal liability claims
• Damage to your car
• Willful destruction or damaging of your car by another person
• Theft

Comprehensive This policy is the most comprehensive of the three types available. The normal comprehensive policy offered by insurers cover you in case of an accident for damage to your vehicle, damaged caused by you to another car, and covers you when your car gets stolen, hijacked or damaged in a fire.

This type of policy also insures you against damage caused by hail or explosions. With Redisure you have the option of including your car radio since it can help you to pay a smaller excess if the radio is specified.

The Redisure comprehensive policy includes cover for:

• Damage to the car
• Loss of the car
• Cost of fixing or replacing windscreen or window glass
• Third Party and property liability
• Paying the outstanding amount on the credit agreement if the car is financed
• Accommodation costs due to the particular incident
• Liability for passengers that are not permitted
• Medical costs as a consequence of the episode
• Cost for replacing keys or locks
• Third Party Fire and Theft

This normally insures you against damage caused to another person’s vehicle and against fire. It also includes insurance against the hijacking or theft of your car. The Redisure policy covers the same.

Third Party

This type of policy insures you against damage caused to a Third Party’s car or property. It is the most limited of the three types of policies offered by Redisure and other insurers.

Limitations
All policies must have restrictions to provide limits in both risk for the insurance company and upper limits for premiums for the person who wants to insure his/her vehicle. The insurer normally doesn’t cover depreciation in the vehicle’s value and also not a substantial loss due to the depreciated value of the car. This also includes tyre blow-outs; shock breaker wear and tear as a result of poor road surfaces, and mechanical or electrical failure because of depreciation in the value.

The Redisure policies exclude the following:

• Loss or damage as a result of strikes, unrest, and public marches.
• Damage and or loss caused by nuclear related factors.
• Consequential loss.
• Those losses and damage already covered under SASRIA.
• Damage or loss outside the borders of South Africa.
• Cover for people who drove the insured vehicle while under the influence of alcohol, heavy medication or drugs.
• Mechanical breakdown.
• Wear and tear.
• Cover when a person drove the car without a valid driver’s license.
• Electrical breakdown.
• Depreciation in value.

In the instance where you have caused damage to a Third Party’s vehicle, and legal action is taken against you, Redisure as your broker, will assume the legal rights and liabilities for you. There are the normal restrictions that apply, for instance, where you drove in a reckless manner, raced, or were under the influence of alcohol or intoxicating substances.

It is your responsibility to always read the terms and conditions stated in the car insurance policy. Discuss any terms or wording that you do not understand with your broker. Make sure you inform your broker of any drivers that you want to add to the nominated list and specify the usage of the vehicle. This ensures that your policy fully covers you. At Redisure we believe in transparency and are here to answer all your questions.