How do I contact a South African Transit Insurer?

It is difficult to source a competitive transit insurer when you are not based in South Africa. Incompass Insurance Services can help you source this for
you at no cost. Incompass is an independent brokerage who will be able to help you to obtain quotations from a competitive transit insurer.

This information has been provided by Cindy Alfino (Medical Insurance Authorised Representative – FSP 23418. For more information please use the contact form

or email risk@incompass.co.za.

Benefits of using a South African transit insurer

There are two main benefits of using a South African transit insurer:

South African insurers are generally more competitive than overseas insurers with regards to pricing.

When it comes to claiming it is far easier to claim from a South African based insurer than an overseas one, therefore ensuring that your claim is
dealt with efficiently as they are based in the country that you are now residing in.

This information has been provided by Cindy Alfino (Medical Insurance Authorised Representative – FSP 23418. For more information please use the contact form

or email risk@incompass.co.za.

Transit Insurance of your personal belongings to South Africa

You are not obliged to obtain transit insurance when moving to South Africa. However most shipping companies will advise that you do so.

In this instance
we advise that when moving to South Africa and obtaining transit insurance you should obtain more than one quotation.

This information has been provided by Cindy Alfino (Medical Insurance Authorised Representative – FSP 23418. For more information please use the contact form

or email risk@incompass.co.za.

Yes average does apply to your transit to South Africa. If you have under insured yourself to obtain a better insurance premium, they will only pay you
out for the portion that was actually insured.

This information has been provided by Cindy Alfino (Medical Insurance Authorised Representative – FSP 23418. For more information please use the contact form

or email risk@incompass.co.za.

There are 3 different type of transit cover:

• All risk cover – this is the most comprehensive type of cover and therefore the most costly. It will however cover you for almost anything that could happen to your contents with only a few exclusions.
• Medium Cover – this option is not as costly but there are a lot more exclusions.
• Limited Cover – this is exactly as the name describes and would only cover the insured in the case of the ship sinking and other very limited occurrences.

This information has been provided by Cindy Alfino (Medical Insurance Authorised Representative – FSP 23418. For more information please use the contact form

or email risk@incompass.co.za.

What is All Risks cover?

All Risk cover is cover that will cover your specified possessions anywhere in the world. It is especially useful for items that you takle out of the house often that would
then no longer have cover under the contents when removed from the premises. This is generally expensive cover, but worth it should you often take that
specific item out of the house.

This information has been provided by Cindy Alfino, Insurance Authorised Representative – FSP 23418. For more information please use the contact form
or email risk@incompass.co.za.

The Average Clause:

If you have under insured yourself this will result in Average being applied to your policy. The Average Clause reasons that if you have under insured
yourself, you have taken a portion of the risk on for yourself and have “self-insured” it. Thus at claims stage you will only be paid out a rateable
portion of the claim.

For example: Should you insure your building for R500 000 but it should actually be insured for a R1 000 000, and your claim is for R200 000. Then you
will be paid out R100 000 as you are 50% under insured.

This information has been provided by Cindy Alfino, Insurance Authorised Representative – FSP 23418. For more information please use the contact form

or email risk@incompass.co.za.

Claims procedure for vehicle accidents in South Africa

To submit a claim in South Africa it would involve the following:

* You would need to lodge the claim with your broker or insurance company directly, depending on your circumstances. This would involve completing a

claim form, obtaining 2 quotations for the repairs of the vehicle, a copy of your license and the police case reference number. All of these documents

should be sent to your insurer/broker.

* Once these documents have been received and lodged, an assessor would be appointed and would visit the client and ensure that all the details that have

been declared are true and correct. If they are satisfied that this is the case they will authorise repairs.

* You can then take your vehicle in for repairs.

Should you have had a bad experience with your current insurer and would like more efficient service in any potential future claims, Incompass Insurance

Services can be of assistance.

This information has been provided by Cindy Alfino, Insurance Authorised Representative – FSP 23418. For more information please use the contact form

or email risk@incompass.co.za.

Unspecified All Risks

Under this type of cover you can insure items normally taken away from the house against an un-foreseen event, without having to state each and every

item. The items will be insured at the current replacement cost, subject to an overall sum insured that one would select when applying for this cover.

There is usually a monetary limit for any one article under this section, if one item included in this section exceeds about R1 000 or R1 500 (depending

on the various companies), it must be specified.

Specified All Risks

If items are insured under this section, each item will be separately insured; therefore an individual rate would apply to each item, depending on the

level of risk associated with that specific item. For example a cellular phone would carry more risk than a watch. It is important to have valuation

certificates for these items, to prove that they are the property of the insured as well as to prove the value in the event of a claim.

This information has been provided by Cindy Alfino, Insurance Authorised Representative – FSP 23418. For more information please use the contact form

or email risk@incompass.co.za.

Obtaining house, vehicle or contents insurance in South Africa

If you would like to obtain competitive and independent quotations from a number of insurers, but suited to your specific needs Incompass can be of
service. Incompass deals with a range of insurers that offer insurance on personal lines, commercial and other insurances that you may require.

This information has been provided by Cindy Alfino, Insurance Authorised Representative – FSP 23418. For more information please use the contact form

or email risk@incompass.co.za.