Extended Cover Options - 23 Nov 2009 15:26
Not only does paying for an event that might not happen, make insurance a grudge purchase, but it comes with a list of exclusions; exclusions that limit the liability of the insurer who’s covering you for the potential event. The idea that their reduced risk reduced your premiums goes hand in hand with the notion that extending your cover to include those exclusions will increase you cover.
Often policyholder assume that certain exclusions are included in their cover. For this reason, you should go through your policy and familiarise yourself with the terms and conditions. Certain exclusions could be included in your policy if the insurer agrees and endorsement will be added to the car insurance policy. This confirms that you have agreed to the additional coverage or extended coverage and its impact on the premiums.
Extended coverage can be included before the original contract is signed in which case it’s not added as an endorsement but as a clause to policy document. The following are exclusions that can be added to most car insurance policies.
Extended cover for your windscreen manes that any chips or cracks can get claimed for. Damage caused by riots and strike action is ordinarily covered by the South Africa Special Risk Insurance Association. Other extensions include coverage for loss of keys, loss of vehicle use as a result of theft (and recovery) and accident. Extended non-owned coverage is a good idea to include in your cover. This extension covers your car even while someone else is driving it.
Not only does paying for an event that might not happen, make insurance a grudge purchase, but it comes with a list of exclusions; exclusions that limit the liability of the insurer who’s covering you for the potential event. The idea that their reduced risk reduced your premiums goes hand in hand with the notion that extending your cover to include those exclusions will increase you cover.
Often policyholder assume that certain exclusions are included in their cover. For this reason, you should go through your policy and familiarise yourself with the terms and conditions. Certain exclusions could be included in your policy if the insurer agrees and endorsement will be added to the car insurance policy. This confirms that you have agreed to the additional coverage or extended coverage and its impact on the premiums.
Extended coverage can be included before the original contract is signed in which case it’s not added as an endorsement but as a clause to policy document. The following are exclusions that can be added to most car insurance policies.
Extended cover for your windscreen manes that any chips or cracks can get claimed for. Damage caused by riots and strike action is ordinarily covered by the South Africa Special Risk Insurance Association. Other extensions include coverage for loss of keys, loss of vehicle use as a result of theft (and recovery) and accident. Extended non-owned coverage is a good idea to include in your cover. This extension covers your car even while someone else is driving it.