If you have an accident or claim, the last thing you want to do is pay an excess. A Motorvaps excess waiver, can cover various excesses including accident, theft, hijacking and more. You rely on your insurer to cover your accident, you can rely on a Motorvaps excess waiver to cover your excess.
An excess is the first amount payable, which is your responsibility, in the event of the submission of a claim on your underlying Insurance Policy. It is the uninsured portion of your loss and is payable regardless of whether or not it was your fault.
It is the comprehensive short term (Car and Home) insurance policy which you have purchased from an authorised financial service provider which covers your loss in the event of an accident, fire, theft or hijacking. The policy must be a comprehensive insurance policy with any registered South African insurance company.
The Insured is the person named in the Policy Schedule and includes his/her spouse as well as family normally living with him/her and financially dependent on him/her.
You may use your excess waiver when you have an authorised claim on your underlying Insurance policy and the excess applied/charged is covered on this policy.