Comprehensive Motor

This policy covers loss by theft, accidental destruction of or damage to the motor vehicle/asset.

Features and Benefits

  • The Bank has a vested interest in making sure any claim is paid.
  • The insurance premium can be financed which will aid with cash flows.
  • We vet the insurers we use to ensure the cover is placed with a financially strong insurer.
  • Our strong industry relationships assist with reducing premiums, improving cover and getting claims paid.
• The Bank has a vested interest in making sure any claim is paid.
• The insurance premium can be financed which will aid with cash flows.
•We vet the insurers we use to ensure the cover is placed with a financially strong insurer.
•Our strong industry relationships assist with reducing premiums, improving cover and getting claims paid.



What is covered?

  • Cover for third parties
  • Cover against accidental damage
  • Theft of vehicles parts
  • Towing to nearest garage/safe place

 

Premium Calculation

Premiums vary depending on the vehicle classification.

  • Motorcycles - 10%
  • Motor Private - 4%
  • Motor Commercial- 6%
  • Buses,PSV's & Fuel Tankers - 7.5%
  • PMO/Corporate & School buses - 5%
  • Contractors Plant & Machinery - 3%

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