Previous insurance (confirmation of such together with minimum 2 years claims history).
*Flat rate premium will not apply to replacement vehicles.
In the event a customer does not qualify for the 1 year insurance being offered by the OEM, we endeavour to do our best to ensure that the customer gets the most attractive discounted premium possible. Dedicated underwriting will seamlessly be undertaken and the client will be professionally underwritten by one of our friendly, qualified call centre agents.
The BASIC EXCESS is: 10% of the claim with a minimum of R5500
This is for damage to the insured’s own vehicle (accident, theft or hi-jack) and 3rd party claims
Excess is 20% of the claim with a minimum of R500 for the following:
Specified non-standard accessories
Excess is R350 for key and lock claims
Insured is also responsible for additional excesses of 10% of the claim with a minimum of R5500 for incidents:
where no 3rd party vehicle is involved or if the insured claims in the first 6 months of the start of the policy
Where the Oakhurst Smart-Box is not fitted or fully functional (theft or hi-jack claims will not be covered)
As a result of accident, hi-jacking or attempted hi-jack which occur between 10pm and 4am, or failure to report an incident to the South African Police Service within 24hours of the incident occurring, when possible within reason
These excesses are cumulative (i.e. added together)
We will never apply the additional excess when:
The insured’s vehicle is rear-ended by another vehicle (i.e. another vehicle drives into the back of the insured’s vehicle)
The insured’s vehicle is legally parked and then hit by another vehicle
The insured’s vehicle is recovered after being stolen and there is damage to the insured’s vehicle which falls within our policy conditions for a valid claim
Whenever another vehicle is involved, the insured needs to give us details of the third/other party and vehicle for these excess waivers to apply.
The insured’s excess is not subject to VAT
The basic excess is REDUCED after every claim free year the client is insured with Oakhurst.