Own Damage Excess Reducer

Have you ever wondered about the Own Damage Excess Reducer and how it can benefit you in terms of insurance for your HCV’s, Trailers, Buses, Commercial Vehicles, LDV’s, PMV’s & Plant? Let’s delve into this essential aspect of insurance coverage that can provide you with peace of mind and financial security.

What is Own Damage Excess Reducer?

Own Damage Excess Reducer is a policy that insures your Standard Own Damage excess, which is payable according to your Underlying Insurance Policy. This coverage is limited to the Sum Insured specified in your Policy Schedule and the Maximum Sum Insured as stated below.

Key Features of Own Damage Excess Reducer:

• Monthly Rate: 1% of basic excess
• Minimum Monthly Premium: R100 (per policy)
• Maximum Indemnity Limit: R350,000
• Excluded Vehicles: Rental Vehicles & Courtesy Vehicles
• Inner Excess: Flat Excesses

By opting for Own Damage Excess Reducer, you can protect your vehicles and plant equipment from unexpected damages while keeping your excess payments at a manageable level.