Page 127 - Commercial - Underwriting Mandates & Guidelines Binder

Motor
All areas
Optional extension
Rate and limit/excess
Contingent liability
(available for all vehicle types)
a) R1 000 000 at R360 per vehicle per annum
b) R2 500 000 at R900 per vehicle per annum
c) R5 000 000 at R1 800 per vehicle per annum
Riot and strike
(available for all vehicle types)
Wreckage removal
(in excess of wording limit – available for all vehicle types)
Third party liability
(available for all vehicle types)
Parking facilities and movement of third party vehicles
(in excess of wording limit – available for all vehicle types)
Unauthorised passenger’s personal injury liability
(vehicles with a GVM of 3 500kg and above – excluding special types and busses)
a) 0.05% of vehicle value
b) Vehicle(s) to be specified
a) R15 000 at R120 per vehicle per annum
a) R2 500 000 (included)
b) R5 000 000 at R150 per vehicle per annum
a) R2 500 000 at R150 per vehicle per annum
b) Limits in excess of R2 500 000 to be referred
a) R2 500 000 at R350 per vehicle per annum
b) R5 000 000 at R700 per vehicle per annum
Loss of keys (in excess of wording limit)
(available for all vehicle types)
a) R10 000 at R60 per vehicle per annum
b) R20 000 at R120 per vehicle per annum
c) R30 000 at R180 per vehicle per annum
Car Hire
(Private type vehicle and LDV's with a GVM less than 3 500kg)
a) Daily limit of R300:
• Max 30 days at R1 200 per vehicle per annum
• Max 45 days at R1 740 per vehicle per annum
• Max 60 days at R1 920 per vehicle per annum
b) Daily limit of R500:
• Max 30 days at R1 800 per vehicle per annum
• Max 45 days at R2 610 per vehicle per annum
• Max 60 days at R2 880 per vehicle per annum
c) Daily limit of R1 000:
• Max 30 days at R3 300 per vehicle per annum
• Max 45 days at R4 785 per vehicle per annum
• Max 60 days at R5 280 per vehicle per annum
Loss of Use
(Vehicles with a GVM of 3 500kg and above)
a) Daily limit of R1 000 at R3 600 per vehicle per annum (max 30 days)
b) Daily limit of R1 500 at R4 500 per vehicle per annum (max 30 days)
Roadside assist
(comprehensively insured private type vehicle and LDV’s with a GVM less than 3 500kg only)
R240 per vehicle per annum
Retail value plus
(comprehensively insured private type vehicle and LDV’s with a GVM less than 3 500kg only)
Available options:
a) 5% of retail value – same as base rate
b) 10% of retail value – same as base rate
c) 15% of retail value – same as base rate
d) 20% of retail value – same as base rate
Commercial Underwriting Mandates and Guidelines – Binder – Version 4 2022
125