Page 75 - Execuline - Classic Policy Wording
P. 75
Personal liability
Paying out after a claim
Pay-outs are always limited
When you claim for personal liability, your pay-out will always be limited to a specific amount in any 12-month period. These amounts are chosen by you when you take out the policy, and are stated in the LIMIT SECTION or schedule.
In some cases, the pay-out may be less than the maximum stated in the LIMIT SECTION if we decide that it represents a fair settlement. We may pay you the full limit or any lesser amount for which the claim may be settled to finalise a claim.
All pay-outs are made in South Africa, in local currency.
Example
Your dog runs out into the street and bites a passer-by. He has to go to hospital, and incurs medical expenses of R95 000. The LIMIT SECTION states that you are covered for this kind of event up to a maximum of R1 million. So we pay out the full R95 000.
HPL – Execuline – Classic Personal Insurance Policy – 6 July 2015 73
