Anticipation leaves no room for surprises.
Diversity with individual class.
Diversity with individual class.
The insurance products offer you excellent solutions for personal and vehicle protection. Specifically tailored to meet your needs and extendable with exclusive additional services. Discover the range of products and services at competitive rates.
- Top Up
- Debt Relief
Top UpThe safety reinforcer.
To protect you from the shortfall between the Insurance payout and your bank settlement amount, the insurer would pay market or retail value in the event of the total write off and theft should they not recover your vehicle. This product can only be sold on Financed transactions. In the event of a total loss and if there is a valid shortfall claim we will contribute a maximum of R3000 towards the clients underlying excess (Not applicable to Basic Top Up cover).
The benefit is calculated by deducting any arrears or additional capital and excess payable from your insurance payout, and paying the difference between the Insurance payout and your settlement amount calculated at the date of the incident. The current retail or market value of the vehicle is calculated at the date of the incident and is determined using that months copy of the Trans Union Auto Dealers Guide. Insurance products, service fees and service or maintenance contracts are excluded.
ComprehensiveConcentrating on what is important.
In the event of total loss we will:
- Replace the motorcycle with a similar new vehicle for the first 12 months from date of first registration (subject to availability).
- Replace the motorcycle with a similar Approved Used BMW motorcycle or motorcycle older than 12 months (subject to availability).
No Tracking system or additional alarm/immobilizer is required. However, if an Approved Tracking System is fitted a 2.5% discount on Basic Premium is offered.
- R2 500.00 each claim
(To be applied cumulatively to the Basic Excess where applicable)
- An additional R1 500.00 in respect of drivers under 30 years of age, but older than 25 years of age.
- An additional R2 500.00 in respect of drivers under 25 years of age.
- An additional 5 % of the claim amount in respect of theft of the motorcycle if stolen from the permanent residence of the insured and such theft is not accompanied by violent and forcible entry or exit from a locked garage.
- Failure to produce written proof of stated CFG (Claim Free Group) within six weeks of inception of policy will result in an adjustment to your premium.
In the event of a claim whilst this proof is outstanding an additional excess of R2 500.00 will be payable.
Debt ReliefAdrenaline when riding, calmness when financing.
With a comforting safety distance from financial risks, the riding pleasure on a BMW motorcycle can be savoured without a care in the world. Debt relief allows you to stay in control in every situation.
In the event of death through accident or illness, the settlement amount (excluding arrears and additional capital charges) due on your Finance Agreement will be paid as at date of the incident/occurrence which caused the claim, excluding any condition arising from a pre-existing condition/s.
Total and Permanent Disability
Should the Insured be totally and permanently unable to work in their own/similar occupation which the insured is reasonably able to do, given their qualifications, status, training, working and/or occupational experience, the settlement amount (excluding arrears and additional capital charges) due on your Finance Agreement will be paid as at date of the incident/occurrence which caused the claim (as per Death benefits), excluding a disability or condition arising from a pre-existing condition/s.
Should the Insured be diagnosed as suffering from any of the following Dread Diseases:
Heart Attack, Stroke, Cancer, Coronary Artery Disease requiring surgery, Kidney Failure, Major Transplants and Paraplegia (excluding pre-existing condition/s) the settlement amount (excluding arrears and additional capital charges) due on your Finance Agreement will be paid as at date of the incident/occurrence which caused the claim.
If the Insured is hospitalised and after an initial 7 days in hospital, we will pay a benefit equal to their full monthly instalments due on the Finance Agreement and Debt-Relief Insurance up to a maximum of 4 (four) full monthly instalments. *maximum benefit payable is R20 000 per month (This option is not available to employed persons). The hospitalisation benefit is only available to self-employed individuals.
If the Insured is retrenched or made redundant we will pay a benefit equal to their full monthly instalments due on the Finance Agreement and Debt-Relief Insurance up to a maximum of 4 (four) full monthly instalments. *maximum benefit payable is R20 000 per month.
Should the Insured suffer a loss of normal income from their own/similar occupation as a result of illness or bodily injury (Temporary Disablement), the benefits will commence after a deferred period of 30 days. The disability will be reviewed at regular intervals as determined by the insurer.