ACCESSING MY POLICY
Your Contingency Policy can be accessed in various ways:
In the case of a claim
Claims can be made against the policy up to the value of the Policy Indemnity Limit (PIL). Claims can be paid out within 24 hours
In case of a reduction in cover:
Insurance cover can be reduced through a downward endorsement of your policy. Downward endorsements carry a 0.5% fee and can be paid out within 24 hours.
At expiry of the policy:
The policy normally expires after a period of 12 months. Any cover that is not utilized during the current policy term, can be used for future risk management. Alternatively, the experience bonus can be paid out to the client for good risk management.
Cancellation of the policy:
The insured may cancel the Contingency Policy at any time. Corporate Guarantee requires a 30-day notice period.
CONTACT US
