Commercial Haulage - Motor
Private-type motorcars (including station wagons, utility vehicles including 4X4s and the like, safari vans, estate cars and the like, or similar vehicles designed to seat not more than nine persons including the driver) and commercial vehicles or light delivery vehicles of which the carrying capacity does not exceed 1 500kg.
Commercial vehicles and special-type vehicles (including but not limited to forklifts, tractors excluding front-end loaders, bulldozers, graders, earth-moving equipment and similar mobile plant used on a commercial development) as described in the schedule with a carrying capacity exceeding 2 000kg.
Motorcycles (including motor scooters, three-wheeled vehicles and ATVs).
Buses (including any vehicle used for business purposes and designed to seat more than nine persons including the driver).
Trailers and caravans, defined as any vehicle without means of self-propulsion designed to be drawn by a self-propelled vehicle, but excluding any parts or accessories not permanently fitted thereto
*Note that there is an applicable repatriation clause
An optional basis of indemnity is applicable whereby policies can be issued on one of the following options: market value (trucks and trailers), retail value (trucks only), or replacement value (private-type vehicles and light delivery vehicles only)
*Note that cover for private-type motorcars (including station wagons, utility vehicles including 4X4s and the like, safari vans, estate cars and commercial vehicles or light delivery vehicles of which the carrying capacity does not exceed 1 500kg) is automatically issued on retail value
Extensions automatically included: Temporary repairs without the consent of IUM for R10 000; windscreen cover unlimited at no additional cost (comprehensively insured vehicles only); loss of keys for R10 000; fire extinguishing charges for R10 000; and wreckage removal, towing charges, storage and release fees, search and recovery costs for R15 000 per registration number
Liability cover automatically included
In terms of subsection B regarding third-party liability up to R10 000 000 (for South Africa, Namibia, Botswana, Lesotho, Swaziland, Zimbabwe, Malawi and Mozambique; subsection B in terms of third-party liability up to R2 500 000 (for Zambia, Tanzania, Kenya, Uganda, Angola and the Democratic Republic of Congo not further north than Kolwezi); a contingent liability up to R2 500 000; parking facilities and movement of third-party vehicles up to R2 500 000; fire and explosion up to R2 500 000; passenger liability up to R2 500 000 (private-type motor and light delivery vehicles only); unauthorised passenger liability up to R2 500 000 (private-type motor and light delivery vehicles only); and an accumulation limit up to R30 000 000 per premises/depot
*Note: It remains compulsory to take out third-party insurance at borders when traveling to other countries in Africa
Riot and strike (other than South Africa or Namibia); extended wreckage removal in terms of leakage of fuel from truck’s own fuel tank; credit shortfall; vehicle hire/loss of use [definition (a) vehicle only]; downtime (loss of use) cover [definition (b), (d) and (e) vehicles only]; vehicle canopies; cross-border recovery and towing costs; excess reducer options available; own damage (theft and/or hijack excluded); theft and hijack; and third-party liability (franchise basis)
DESCRIPTION OF USE OPTIONS: Private, business, fare-paying passengers, hire-out vehicles, heavy commercial haulage (goods in transit)
Commercial Haulage - Goods In Transit
BASIS OF INDEMNITY INDEMNIFICATION under this policy shall be limited to one of the following: In respect of new goods, the value of goods as advised to the insured by the cargo owner, limited to the invoice value of goods and freight (if not included in the invoice value), but where no invoice exists, the actual value as determined by the company and/or catalogue price current at the time of loss plus transport charges where incurred; in respect of second-hand goods, the market value as determined by the company; or the sum insured stated in the schedule
OPTIONAL EXTENSIONS: Riot and strike (other than South Africa or Namibia); fraud and fidelity; overloading (5% over legal limit); deterioration of stock following breakdown or malfunction of refrigeration machinery; incorrect temperature settings; tarpaulins, ropes, nets, straps, chains, corner binders, dunnaging, packaging materials, receptacles, covers, boxes and labels; salvage/recovery of load costs/debris removal/clean up costs; container cover; 6m containers; 12m containers; refrigerated containers; leakage of load; contamination of load; and storage at specific premises stated in the schedule
Territories available to be included:
- South Africa
- Democratic Republic of Congo not further north than Kolwezi
Commercial Haulage - "Stand Alone" Products
These products are as follows: motor excess reducer options available (private cars, light delivery vehicles, commercial vehicles, buses, trailers and special types); own damage (theft/hijack excluded) with basic excess; own damage (theft/hijack excluded) with penalty excesses; theft and hijack; third-party liability (franchise basis); hazardous chemicals/pollution liability