Comprehensive Car Insurance

Plus get Scratch & Dent for Just R10pm
Up to 10% off comprehensive cover. Premiums are risk profile dependent and reviewed annually. Scratch & Dent premium valid for 12 months only. T’s & C’s apply.

 

 

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Key Car Insurance Terms You Should Know

Excess or deductible

 

This is the amount you pay for an insurance claim before your insurance coverage kicks in. For instance, if you were involved in a car accident, the excess is payable upfront to the service provider, like a panel beater, regardless of who is responsible for the accident. Your excess will vary depending on policy terms and coverage levels.

Write-off

 

If your car is written off after a car accident, it means the cost of repairing the damaged vehicle exceeds its current market value. In such cases, the insurer declares the vehicle a total loss and reimburses the policyholder for its pre-accident value minus any deductible and salvage value.

Third-party claim

 

Refers to a claim made by someone other than the policyholder against the policyholder’s insurance coverage. It typically involves compensation for damages or injuries caused by the policyholder's actions, such as a car accident where the policyholder is deemed to be at fault.

 

Premium

 

This is the amount of money the policyholder will pay to an insurance company in exchange for insurance coverage. It is paid on a monthly or annual basis and is based on various risk factors, coverage levels, and the type of insurance policy.

Liability

 

Refers to legal responsibility for damages or injuries an individual may incur due to their actions. Liability coverage protects policyholders from financial losses resulting from third-party claims or lawsuits filed against them for causing harm or damage to others.

Insured value

 

Refers to the maximum amount payable, less excess, to cover damages to a vehicle. It's typically determined by the vehicle's market value or agreed-upon value between the policyholder and insurer.