A GUIDE TO COVER AND OPTIONS AVAILABLE
The scheme is handled by FNB Insurance Brokers, Port Elizabeth.
Queries, quotations and changes should be referred to Glenn Broadhurst
Contact details are Telephone: 041 391 6800 Facsimile: 041 365 5503 Email: glenn.broadhurst@fnbinb.co.za
COLLECTORS VEHICLES - Categories A to C and Not in Daily Use
The vehicle (Car Commercial or Motorcycle) that attracts the highest premium from any category is charged at the full rate. All other vehicles are charged at the lower rate. Registration Certificates are required for vehicles in use. Cover is Full Comprehensive but Balance of Third Party Fire and Theft is available at 70% of the Comprehensive premium but subject to the same minimum premium. As the rates are so low this is generally not considered an option.
There are three categories of vehicle under this heading the oldest vehicles attracting the lower rates and the later models the higher rates. Rating indications are available from the Club Secretary and verified by the SAVVA Portfolio Holder.
- Category A Vehicles built / registered before December 31, 1960
- Category B Vehicles built / registered between January 1961 and December 31, 1975
- Category C Vehicles built / registered after December 1975 up to December 31, 1991
USE CLAUSE 1 (Club)
(a) Any activity organised by a Club affiliated to SAVVA including Displays Regularity or Economy events Fun Runs Tours Processions Club Meetings and journeys to and from such events but excluding Speed trials Circuit racing off road events and hire or display beyond the immediate supervision and control of the insured. Hire for weddings whilst driven by the Insured.
USE CLAUSE 2 (Laid Up)
Laid up or in storage awaiting or under restoration and not taken off the premises or on the road.
VARIATIONS TO COVER. The above is an outline of the standard cover but this can be extended and varied to meet individual requirements. The following are some examples;
VEHICLES IN DAILY USE - Vehicle Category D
(Including to and from work - No Business) (All Vehicles built before December 1991)
Rates and excesses will be based upon receipt of full information including type of vehicle, the age of the owner, proven claims experience and whether the vehicle/s is/are stand alone or part of a collection.
USE CLAUSE 3 (Daily use)
BALANCE OF THIRD PARTY - LIABILITY RISKS - Named Drivers
This is now available as an alternative option to provide protection against claims from a third party in the event of an accident caused by the member resulting in damage to property or vehicles of another party.
GENERAL INFORMATION
Please note the minimum premiums apply in many cases. The annual Policy Charge is now R75.00.
The scheme is handled by FNB Insurance Brokers, Port Elizabeth.
Queries, quotations and changes should be referred to Glenn Broadhurst
Contact details are Telephone: 041 391 6800 Facsimile: 041 365 5503 Email: glenn.broadhurst@fnbinb.co.za
COLLECTORS VEHICLES - Categories A to C and Not in Daily Use
The vehicle (Car Commercial or Motorcycle) that attracts the highest premium from any category is charged at the full rate. All other vehicles are charged at the lower rate. Registration Certificates are required for vehicles in use. Cover is Full Comprehensive but Balance of Third Party Fire and Theft is available at 70% of the Comprehensive premium but subject to the same minimum premium. As the rates are so low this is generally not considered an option.
There are three categories of vehicle under this heading the oldest vehicles attracting the lower rates and the later models the higher rates. Rating indications are available from the Club Secretary and verified by the SAVVA Portfolio Holder.
- Category A Vehicles built / registered before December 31, 1960
- Category B Vehicles built / registered between January 1961 and December 31, 1975
- Category C Vehicles built / registered after December 1975 up to December 31, 1991
USE CLAUSE 1 (Club)
(a) Any activity organised by a Club affiliated to SAVVA including Displays Regularity or Economy events Fun Runs Tours Processions Club Meetings and journeys to and from such events but excluding Speed trials Circuit racing off road events and hire or display beyond the immediate supervision and control of the insured. Hire for weddings whilst driven by the Insured.
USE CLAUSE 2 (Laid Up)
Laid up or in storage awaiting or under restoration and not taken off the premises or on the road.
VARIATIONS TO COVER. The above is an outline of the standard cover but this can be extended and varied to meet individual requirements. The following are some examples;
VEHICLES IN DAILY USE - Vehicle Category D
(Including to and from work - No Business) (All Vehicles built before December 1991)
Rates and excesses will be based upon receipt of full information including type of vehicle, the age of the owner, proven claims experience and whether the vehicle/s is/are stand alone or part of a collection.
USE CLAUSE 3 (Daily use)
BALANCE OF THIRD PARTY - LIABILITY RISKS - Named Drivers
This is now available as an alternative option to provide protection against claims from a third party in the event of an accident caused by the member resulting in damage to property or vehicles of another party.
GENERAL INFORMATION
Please note the minimum premiums apply in many cases. The annual Policy Charge is now R75.00.
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If a vehicle is used for Classic Vehicle Reliability Economy or similar non-speed events this must be disclosed and an additional premium paid.
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Should the owner have several Collector’s Vehicles and wish to be able to use any one of them in terms of Use Clause 3 below an additional premium can be paid based on the highest valued vehicle in use.
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Any other requests should be referred to the broker or Insurance Portfolio Holder.
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Being taken for repair or restoration under own power or by trailer and trailer to any event. Road testing by the insured or mechanic for the purpose of maintenance provided this is not done in peak traffic times.
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Occasional journeys of a purely social and pleasure nature but excluding to and from a place of business employment or educational institution and business use.
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The vehicle is not the regular transport of the Insured or any member of the family and not used for general domestic and business purposes on a daily weekly monthly basis.
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The uses in Use Clause 1 (a) to (c)
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Social pleasure and domestic including journeys to and from work as the regular daily transport of the Insured and or spouse but excluding student transport business use and in connection with the motor trade.
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There is a facility to pay premiums annually or monthly by debit order but at a small increased cost.
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Published terms are for first class risks only and the Underwriter reserves the right to accept or reject any application that does not meet the required acceptability without giving reasons
Insurance
Copyright © 2010 by SAVVA · All Rights reserved · E-Mail: info@savva.org.za · Website: www.savva.org.za
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Specializing in Veteran and Vintage Car Insurance together with Personal and Business Insurances. Contact Details: Glenn Broadhurst Sue Carter Medelene Wiese Telephone: (041) 391 6800 Fax: (041) 365 5503 Email: madelene.wiese@fnb.co.za National Brokers for the SAVVA Collector's Vehicle Scheme |
