Page 125 - Commercial - Underwriting Mandates & Guidelines Binder

Motor
MOTORCYCLES
VEHICLE VALUE
REGION
R250 001 – R300 000
R300 001 – R350 000
R350 001 – R400 000
R400 001 – R450 000
R450 001 – R500 000
R500 001 and above
Durban/ Pietermaritzburg
South Coast/North Coast
Cape Town/Boland Metro
Western Cape Rural
Port Elizabeth
East London
5.50% 5.25% 5.00%
5.25% 5.00% 4.75%
5.25% 5.00% 4.75%
5.25% 5.00% 4.75%
5.25% 5.00% 4.75%
5.25% 5.00% 4.75%
4.75% 4.50%
4.50% 4.25%
4.50% 4.25%
4.50% 4.25%
4.50% 4.25%
4.50% 4.25%
4.00%
4.00%
4.00%
4.00%
4.00%
4.00%
3.4.1 Third party only – 45% of comprehensive premium, minimum R100
3.4.2 Third party, fire and theft –
65% of comprehensive premium, minimum R150
Loadings
Loss ratio between 65% and 80% Loss ratio between 81% and 100% Loss ratio between 101% and 150% Loss ratio over 150%
3.5 Trailers and Caravans
15% 25% 40% 60%
TRAILERS AND CARAVANS
REGION
North-West/Limpopo/Mpumalanga Metro
MINIMUM MONTHLY PREMIUM
up to R250 000
R250 001 – R500 000
VEHICLE VALUE
R500 001 – R750 000
R750 001 – R1 000 000
Gauteng
NW/LP/MP Rural
TRAILERS AND CARAVANS
REGION
MINIMUM MONTHLY PREMIUM
up to R250 000
R250 001 – R500 000
VEHICLE VALUE
R500 001 – R750 000
R750 001 – R1 000 000
Free State Metro
Durban/ Pietermaritzburg
South Coast
Cape Town/Boland Metro
Western Cape Rural
Port Elizabeth
East London
R100
R100
R100
R100
R100
R100
R100
R100
R100
R100
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.50%
2.25%
2.25%
2.25%
2.25%
2.25%
2.25%
2.25%
2.25%
2.25%
2.25%
2%
2%
2%
2%
2%
2%
2%
2%
2%
2%
1.75%
1.75%
1.75%
1.75%
1.75%
1.75%
1.75%
1.75%
1.75%
1.75%
Commercial Underwriting Mandates and Guidelines – Binder – Version 4 2022
123