Standard Insurance Brokers Namibia (Pty) Ltd
Upper Retail Level, Town Square Building, Standard Bank Centre
P O Box 21419, Windhoek, Namibia
Phone : +264 61 – 294 2269
Fax : +264 61 – 294 2279
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Motor insurance and top-up insurance
What is Motor insurance and top-up insurance?
Comprehensive motor insurance provides you with insurance cover on your motor vehicle.
Top-up insurance supplement your comprehensive motor insurance and removes the risk of shortfall and/or violation of your comprehensive policy.
Who can have it?
If you qualify for vehicle or asset finance, you qualify for insurance.
How do they work for you?
- We will obtain a number of quotes from various insurance companies and offer you the best one.
- You pay your reasonable monthly premiums by debit order, or as part of your vehicle and asset finance instalment.
Comprehensive motor insurance
-This policy covers you against theft, loss, damage, malicious damage, liability to third parties and riot.
-If your vehicle is financed, you are obliged to have this cover.
Top-up insurance
- This removes the risk of shortfall and/or violation of your comprehensive policy.
- It is an excess protector that pays your underlying excess of 15% or a maximum of N$50 000, whichever is less.
- It supplements your comprehensive motor insurance and covers you for unintentional non-compliance with conditions of that policy, such as:
* Non-payment of a single monthly premium – provided you have paid for three months before the unpaid month.
* A credit shortfall after a total loss, excluding any vehicle or asset finance arrears.
Reasonable premiums are paid monthly or annually
and are included in your finance agreement.
Policy renewable annually.
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