Page 18 - Bay Union - Platinum Policy Wording
P. 18

General terms and condi ons
○ Terms of the policy means you have to ensure that you, your spouse, partner, children, parents, grandparents and rela ves who permanently live with you and are  nancially dependent on you comply with the terms and condi ons of this policy. You must read your schedule and any changes to it and the policy together. Any speci c meaning that has been given to a speci c word or expression in any part of the policy is the meaning we intend it to have.
No waiver of any terms, condi ons, exclusions or endorsements to this policy will be valid unless we have agreed to it. The policy falls under the jurisdic on of the courts of law of the Republic of South Africa. It does not include any awards including costs and expenses of legal processes that a court of law may allow anyone who claims against you if these do not come from a court of law in the Republic of South Africa.
○ What does 'no claim bonus' (NCB) mean? A discount on your premium as a reward for your good driving and/or insurance history. On each renewal, your discount will increase, provided you have not made any claims that a ect your NCB. Your NCB will keep increasing un l you reach the maximum discount level. If you are eligible, your NCB is stated in your schedule. When you are paid out for a claim, you may  nd that your NCB is reduced and your premium increased.
We have the right to alter the terms of cover for maximum NCB, including excess, premiums and acceptance of cover according to our underwri ng rules.
○ What happens with policy changes and cancella ons?
– – –
You can change or cancel your cover or policy at any  me and the cancella on takes e ect on the date you request us to cancel it.
We may change or cancel your cover or policy by giving you 30 days’ written no ce thereof at your last known postal address. We will refund any money we owe on a pro rata basis.
If we cancel your policy due to fraud, we will not refund any money to you.
Bay Union – Pla num Policy Wording – 24 October 2016

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