Property insured means moveable household goods, personal effects and possessions, which is your property or that of any member of your family normally residing with you.

Contents Cover includes cover of the following:

 Benefits:

• Our excess waiver option waivers the basic excess across all sections of the policy. The premium applicable for this cover is 20% of your total monthly premium.
• Automatic 10% inflation adjustments are made annually.
• Emergency Home Assistance service offers you a 24 hour service for the following: Burst geysers, water pipes, broken windows, electrical breakdowns, locksmith, carpet specialists and painters. This call out fee plus one hour's labour will be covered.

Please note that this is a summary of the cover available. For more information on the limits and covers available, please refer to the CIB Domestic Policy Wording.

Dwelling refers to immovable structures and includes the private dwelling and its domestic outbuildings, including the entire landlord's fixture, fittings and improvements thereon.

Building Cover includes cover for:

Benefits:

• Our excess waiver option waivers the basic excess across all sections of the policy. The premium applicable for this cover is 15% of your total monthly premium.
• Automatic 15% inflation adjustments are made annually to ensure that your Building cover is aligned with the economic rate of inflation.
• Emergency Home Assistance service offers you a 24 hour service for the following: Burst geysers, water pipes, broken windows, electrical breakdowns, locksmith, carpet specialists and painter. This call out fee, plus one ho

All risk insurance covers your personal possessions that you normally wear or take out of the house with you, such as clothing and personal effects. Provides cover where items need not be listed, cover is limited to 25% of the sum insured. Specified items relate to individual items and their values which are independently listed.

The following items need to be specified:

Please note that this is a summary of the cover available. For more information on the limits and covers available, please refer to the CIB Domestic Policy Wording.

CIb Insurance offers personal liability of R9 million and this can be extended to R20 million.

Vehicles include private motor cars, trailers and caravans not exceeding 3 500kg in gross vehicle mass.

Comprehensive Cover: Comprehensive insurance covers you for all your own accidental damage, theft and hijacking as well as injury to other people or damage to their property.

Third Party Fire and Theft Cover: Third party Fire and Theft cover is limited to loss of or damage as a direct result of fire and theft, including accidental damage to third parties. Accidental damage to your own vehicle is not covered.

Third Party: Accidental third party property damage, death and injury on privately owned motor vehicles.

Benefits:

• Vehicles are insured for retail value
• Car Hire for 30 or 60 days for both manual and automatic vehicles
• Executive car hire also available for vehicles over R250 000 in value
• Optional cover for vehicle sound equipment and accessories
• You can select the following excess options:
  
  • Basic excess 5% of claim with a minimum of R2 000
  • Excess buster: additional premiums will apply (This waivers the basic excess excluding windscreen, voluntary and age excess)
  • Flat Excess R2 500: additional premium will apply (This waivers the basic excess excluding windscreen, voluntary and age excess)
• Medical Expenses
• Emergency Accommodation
• Locks and Keys
• Roadside Assistance: Roadside Assistance will assist you with towing and other services should you experience: 

o    A flat tyre.

o    A flat battery.

o    Out of fuel situations.

o    An accident.

o    Mechanical breakdown.

o    Being a victim of hijacking or theft.

In the event of a death of any member of the family, having protection against the costs associated with the emotional trauma and obvious related expenses, is paramount for those left behind. The CIB Family Protection Plan will pay out an immediate amount to the family, giving them the chance to deal with the other important matters surrounding the passing of a loved one. Cover includes death by natural and accidental causes and can be selected to include the insured, the spouse, parents, children and domestic workers.

Policy Extract

This brochure is for promotional purposes only. The full terms, conditions and exclusions of cover are contained in the policy wording under the relevant section.

Definition

You / your / yours / yourself can mean the insured, spouse(s), parents(s), child (children) and domestic worker(s) as stated in the schedule.

Nature of Cover

In the event of your Death either by natural causes or as a result of violent, accidental, external and visible means (accident), we will pay to you or your nominated representative or, if no representative is nominated, to your estate the benefit as indicated in the plan selected as shown in the schedule.

The benefits provided for spouse(s), parent(s), child (children) and/or domestic worker(s) will only be provided if such parties are indicated as an insured person.

Special Exclusions

1. No benefit shall be payable:

1.1. In the event of any pre-existing condition or ailment which results in your death within 6 months of the commencement date of effecting cover under this section.

1.2. In the event of suicide within 2 years of the commencement date of effecting cover under this section.

1.3. In respect of any child who has attained his/her 22nd birthday or is legally declared married, whichever event occurs first or in respect of any child who has attained his/her 25th birthday and is a full time student attending an accredited place of education and is primarily dependent on you or your spouse for support.

Special Conditions

1. Proof of death

On your death, notice must immediately be given to us together with any such proof of death and any other information which may reasonably be required by us. If these requirements have not been met within 3 months following the date of your death, the claim shall not be met.

2. Beneficiary

In respect of any claim consequent upon your death, we will pay the benefit to the beneficiary nominated by you and named in the schedule.

Please note that this is a summary of the cover available. For more information on the limits and covers available, please refer to the CIB Domestic Policy Wording.

Cover for Credit Shortfall can be included at an additional premium and up to a maximum limit of indemnity in the amount of R200 000 (two hundred thousand rand.)

General

Cover will be provided should any vehicle comprehensively insured under this section be:

• Stolen or hijacked (and not physically returned to us) or
• Damaged and be deemed to be a write-off or uneconomical to repair

We will pay to the duly registered finance company that financed the purchase of the vehicle any difference between the reasonable retail value and the settlement balance outstanding under a valid credit agreement subject to the total payment not exceeding R200 000 (two hundred thousand rand) less the FIRST AMOUNT PAYABLE. (Including all additional and voluntary excesses).

Cover

Cover under this extension is subject to:

• Liability having been admitted for the loss or damage;
• You providing us within 30 days of the loss or damage with a certified copy of the credit agreement and statement of your account reflecting the settlement balance outstanding as at the date of loss or damage;
• All the terms and conditions of the underlying policy being met.

Settlement

The settlement balance outstanding is defined as the payment due at any specified date that would settle the actual debt owing to the finance company but excluding:

• Any amount by which the towing and storage fees exceed R1 000 (one thousand rand);
• Any additional amounts added to the principle debt in excess of the actual purchase price of the vehicle and / or vehicle accessories;
• Payments and / or interest in arrears;
• Any additional finance charges;
• Early settlement penalties;
• Any other amounts refundable to you;
• Any shortfall resulting from re-advances/re-financing under the agreement;
• Any vehicle sound equipment or non-standard vehicle accessories which are not specified on the policy schedule and which form part of the finance agreement.

Please note that this is a summary of the cover available. For more information on the limits and covers available, please refer to the CIB Domestic Policy Wording.