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Alexander Forbes provides integrated retirement, investment, life and insurance solutions to create, grow and protect…
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Alexander Forbes provides integrated retirement, investment, life and insurance solutions to create, grow and protect your wealth as well as assets.
Alexander Forbes’ customers include small, medium, and big organisations, specialist groups as well as individuals. Alexander Forbes focuses on its customers to deliver an efficient and innovative local service by empowered people, wherever it operates.
Types of motor and home insurance policies:
Home owners’ insurance:
With home owners’ insurance, you are covered for loss or damage to the buildings, walls and paving, including all fixtures and fittings, usually on a specified peril basis that include acts of nature. The “Perils” are usually fire, storm, flood, theft, malicious damage, water leakage as well as accidental damage to sanitary ware and windows.
The Alexander Forbes Insurance Buildings product greatly increases the scope of cover, as it is issued on an “all risks” basis providing full accidental damage cover.
The following test is generally utilised to determine whether the item lost or damaged falls within the Home owners or Household contents section – can the fixture reasonably be removed and taken to a new home? If no, it is covered by building insurance. It is essential to make certain that your sum insured is sufficient to replace all the buildings and structures on your property – at the time of final reinstatement – or you’ll be subject to average.
Comprehensive motor insurance:
This covers Own Damage – that is accidental damage to your own vehicle including loss by theft or hijacking.
With Comprehensive motor insurance, you are also covered for Third Party liability – where you might become liable for damaging someone else’s vehicle or injuring someone through an accident involving your vehicle.
Household Contents Insurance:
With Household Contents Insurance, you are covered for loss or damage to the contents of your home, usually on a specified perils basis that include acts of nature. The “Perils” are usually fire, storm, flood, theft, malicious damage, water leakage as well as accidental damage to glass tops and mirrors.
Cover is for Personal Property that includes everything movable such as furniture, furnishings, household goods, kitchen equipment, frozen food and drink, televisions, video, computer and audio equipment, clothing, personal items and valuables up to stated limits.
The Alexander Forbes Insurance Household Contents product offers a greatly increased scope of cover, in the full accidental damage option “all risks”.
This product also permits a limited amount of cover for Business property.
For a reduction in premium, you might decide to insure on a specified perils basis.
Make certain you value the contents of your home in total – that is – how much would it cost you to replace everything in your home as new if a fire burnt down your whole house.
Third party motor insurance:
With Third party motor insurance, you are covered where you might become liable for damaging someone else’s vehicle or injuring someone through an accident involving your vehicle.
Third party, fire and theft motor insurance:
With Third party, fire and theft motor insurance, you are covered for Own Damage by fire, theft or hijacking of your vehicle (doesn’t include accident damage to own vehicle).
It also covers you where you might become liable for damaging someone else’s vehicle or injuring someone through an accident involving your vehicle.
Combined policy:
These policies combine all or are a combination of the home owners’, house contents and motor policies into one single policy. The combined policy can be extended to include All Risks, Personal Liability as well as sundry other covers.
Alexander Forbes contact details:
Address: 115 West Street
Sandton 2196
Tel: +27 11 269 0000
Email: [email protected]
Website: www.alexanderforbes.co.za
