MUA Executive Policy - Van Flymen & Associates

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WHAT THE INSURER OFFERSa. did not know that you behaved in a way thatmay have made this insurance invalidb. informs the insurer about your actions or failureto act as soon as they become aware of it.You must pay any additional instalment or paymentowed to the financial institution.8. Inflation protectionThe maximum amount for which you are insured willbe adjusted each month in line with the building costindex rate, as calculated and provided by the SouthAfrican Bureau of Economic Research, to cater forthe effect of inflation. You will not be charged anyadditional premium during the period of insurance,but your premium will be automatically recalculatedaccording to the adjusted maximum amount forwhich you are insured at the anniversary date ofyour policy.9. Subsidence, landslip or ground heave (if these areincluded in your schedule)The insurer will cover you, according to the maximumamount for which you are insured as stated in yourschedule, for any destruction or damage to yourbuildings caused by subsidence or ground heaveof the land supporting the buildings, or landslip, butexcludinga. destruction or damage to drains, water courses,boundary walls, garden walls, retaining walls,gate posts, fences, driveways, paving andswimming pool surroundings, tennis courts,patios and terracesb. damage which existed when the policy startedc. damage caused as a result of or made worseby faulty design, material or workmanship, orinadequate (poor/not enough) compacting offilling, normal settlement or construction, or theremoval or weakening of support to any buildingspecified in your scheduled. damage caused as a result of altering, adding toor repairing the insured iteme. damage caused as a result of excavations on orunder the land other than mining operations.If you are asked to do so, you must prove that theloss or damage you are claiming for was caused bysubsidence or landslip or ground heave.16 MUA Executive Policy
AUTOMATIC EXTENSIONS OF COVERThese extensions of cover are in addition to the cover detailed above. If you claim undermore than one extension, the combined total that the insurer will pay out will not exceed25% of the total amount for which you are insured. The excess that is stated in your scheduledoes not apply to claims under these extensions, but any voluntary excess that you chose willapply first to every claim.1.2.3.Alternative accommodation/rentIf you are not insured for this elsewhere in this policyor in another policy, the insurer will pay the necessaryand reasonable costs of other accommodation foryou and your pets if, as a direct result of damage forwhich you are insured,• people cannot live in the buildings or• a local or police authority will not allow you toenter your home as a direct result of damage toa neighbouring property.The insurer will also pay for the loss of actual rentthat you would have received provided that a validlease agreement is presented to the insurer.The following conditions apply to the above cover:• The maximum period for this cover to be inforce is 2 years or such time as is reasonablyneeded to replace, restore, repair or rebuild thebuildings.• The insurer will decide on the alternativeaccommodation by considering the rental thatit would be reasonable to charge for a buildingof the same or similar value and location as theaddress stated in your schedule.You will be paid the reasonable costs for temporaryaccommodation in a guesthouse or hotel for not morethan 14 nights while you organise your alternativeaccommodation.Changes to your home because of physical injuryThe insurer will pay the fair and reasonable costs,up to the amount stated in your schedule, towardsessential changes to your home that you needto make because of a permanent and identifiablephysical disability which• is caused directly by a sudden and unexpectedaccident• occurs during the period for which you areinsured• results in your having to rely on a wheelchair formoving around.Costs of preparing claimsThe insurer will pay you out for reasonable costs upto the amount as stated in your schedule that you4.5.6.7.8.incur in providing and obtaining proof of any detailsthat they may need in order to consider any claimsyou may submit.Cover after building changesThe insurer will pay for damage to or loss of capitaladditions or completed extensions to the buildingsprovided that you let the insurer know in writingwithin 60 days of the start of such additions oralterations, and that you pay any extra premium thatyou owe them.Electrical and mechanical breakdownThe insurer will cover you for the sudden andunexpected electrical or mechanical breakdown offixed equipment that you use solely for domesticpurposes at the address stated in your schedule.The insurer will pay you for the reasonable cost ofrepairing or replacing it, up to the amount stated inyour schedule.Fire extinguishing chargesThe insurer will cover you for the cost of extinguishinga fire if you have a fire in your building(s), or forpreventing imminent fire damage to the buildings,provided that these costs are reasonable.Hiring of security guards/watchmenThe insurer will cover you against the costs youreasonably incur for employing watchmen after youhave experienced a loss for which you are insuredprovided the loss gives rise to a valid claim.In an emergency, you may agree to a hiring fee upto the amount stated in your schedule, without firstobtaining permission from the insurer.Metered water leakageThe insurer will cover you for extra metered watercharges for which you are legally liable owing toleaks, breaks or bursts in your water mains system.You are covered up to the amount stated in yourschedule.a.If the quarterly reading of the water you use is50% or more above the average of the previousfour quarterly readings, the insurer will coveryou for the cost of the additional water used.The insurer will not be liable for more than2 separate incidents in a period of 12 months.b.Executive Policy MUA 17
Page 3: ContentsMUA Executive PolicyGeneral
Page 12 and 13: GENERAL EXCLUSIONS OF THIS POLICY9.
Page 14 and 15: Section 1 : BuildingsSPECIFIC DEFIN
Page 18 and 19: AUTOMATIC EXTENSIONS OF COVERc. If
Page 20 and 21: Section 2 : House ContentsSPECIFIC
Page 22 and 23: WHAT THE INSURER OFFERS8.Removal of
Page 24 and 25: AUTOMATIC EXTENSIONS OF COVER7. Fir
Page 26 and 27: SPECIFIC EXCLUSIONS FOR THIS SECTIO
Page 28 and 29: Section 3 : All RisksSPECIFIC DEFIN
Page 32 and 33: Section 4 : Personal LiabilitySPECI
Page 34 and 35: Section 5 : Liability PlusChartis S
Page 36 and 37: Identity TheftSPECIFIC DEFINITIONS
Page 38 and 39: Section 6 : MotorSPECIFIC DEFINITIO
Page 40 and 41: WHAT THE INSURER OFFERS1.Your cover
Page 42 and 43: AUTOMATIC EXTENSIONS OF COVER8.9.10
Page 44 and 45: OPTIONAL EXTENSIONS OF COVERThese e
Page 48 and 49: Section 7 : MotorcyclesWHAT THE INS
Page 50 and 51: AUTOMATIC EXTENSIONS OF COVER7.8.Re
Page 52 and 53: Section 8 : Caravans and TrailersWH
Page 54 and 55: Section 9 : Classic MotorSPECIFIC D
Page 56 and 57: AUTOMATIC EXTENSIONS FOR THIS SECTI
Page 60 and 61: Notes60 MUA Executive Policy
Page 62: 62 MUA Executive Policy

MUA Executive Policy - Van Flymen & Associates

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