FREE LIMITED SUBSIDENCE AND LANDSLIP COVER Personal Lines Policies
In line with market requirements we are extending our existing personal lines buildings policy to include limited Subsidence and Landslip Cover. This benefit will come into effect on 1 July 2007 at no cost to our clients.
The cover will be applicable to all personal lines policies. Attached, for your information, is both the English and Afrikaans version of the wording.
For those clients who require full subsidence and landslip cover, this is still available on request. Although we are waiving the requirement of a geological report as a prerequisite to the provision of cover, clients whose property is situated in areas that are susceptible or prone to subsidence and ground movement, may still be required to provide a report at their cost.
The first amount payable, whether claiming under the limited or full subsidence and landslip cover, is 1% of the sum insured or a minimum of R5 000, whichever is the greater.
If further clarification is required, please contact either your local Area Sales Manager or Broker Manager.
We look forward to your continued support for the benefit of our mutual clients.
