SACCOsure Products
Motor Insurance
Full Third Party:
Provides the basic minimum insurance cover covering pedestrians and cyclists against injury or death or damage to third party property, caused by the insured vehicle.
Full Third Party Fire and Theft [F.T.P F&T]
In addition to the Full Third Party cover stated above, FTPFT extends to include cover for theft of the insured vehicle or its accessories and damage to the insured vehicle caused by fire only.
Full Cover [Comprehensive]
This is the widest form of cover which in addition to covers provided under Full Third Party Fire and Theft above, extends to cover repair costs for damage to the insured vehicle following an accident, medical expenses up to policy limit, towing charges for the disabled vehicle and emergency.
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Motor Insurance
Home Owners Insurance
This policy is designed for the homeowner and covers buildings of the home, including out buildings, walls, fences and gates, boreholes and swimming pools, tennis and basketball courts against the perils of fire, lightning, explosion, storm, impact ,malicious damage, theft of fixtures and fittings and breakage of fixed glass.
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Home Owners Insurance
House Holders Insurance
This cover can be taken together with or separate from the house owners‘ policy stated above and is designed to cover moveable contents of the home whilst in the home or temporarily away at a place of repair, against the perils of theft, fire, lightning, explosion of domestic gas, strikes, accidental damage to television sets, theft of laundry from washing line, theft of goods belonging to domestic workers and deterioration of foodstuff in a fridge.
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House Holders Insurance
Travel Insurance
This worldwide leisure and business travel insurance package which allows Zimbabweans to access worldwide leisure and business travel insurance locally. This is a foreign currency dominated policy with premiums payable in Rand or any other hard currency. It provides global cover anywhere in the world and is underwritten by TIC (Travel Insurance Consultancy), a subsidiary of Santam of South Africa, with emergency assistance being provided by Europe Assistance.
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Travel Insurance
Golfer’s Insurance
Seeks to cover the risk associated with golfing to both amateurs and professional alike. This total package is the only specialist golf insurance policy on the market and it provides every golfer peace of mind when playing golf anywhere in the world. In brief, the policy provides the following cover:
- Golfing equipment-theft, loss or damage of declared golfing equipment.
- Accidental loss or damage to unspecified clothing and personal effects anywhere in the world.
- Legal liability to third parties for bodily injury or accidental loss or damage whilst playing or practicing a game of golf.
- Hole- in one.
- Hire of golfing equipment following the loss, damage or delay when traveling to play a game of golf.
- Reimbursement of tournament entry fees when there is a cancellation due to unforeseen sickness or accidental injury occurring. Liability arising from the fraudulent use of the golf club swipe card by an unauthorized person.
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Golfer's Insurance
Marine Cargo and Hull Insurance
Hull
Covers any mechanically propelled water borne vessels such as yachts, boats small crafts and ships against the perils of the sea such as collision and capsizing, including the engines and legal liability arising from the use of the said vessels.
Cargo
Covers consignments of goods whilst in transit by road rail or air from and to places stated in the policy. The basis of insured value can be any of the following:
- Free On Board
- Cost and insurance
- Cost, insurance, and freight.
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Marine Cargo and Hull Insurance
Personal Accident Insurance For Group or Individual Member
- Provides cover to employees against death or bodily injury caused by violent, accidental, external and visible means.
- The respective benefits will be paid in the event of death, permanent disability, temporary total disability and medical expenses.
- For the group policy, the benefits are paid by the Employer.
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Personal Accident Insurance For Group or Individual Member
Personal All Risks Insurance
Unlike the above, this section covers items normally worn or carried on the person and is on an all risk basis with a premium being charged per individual item. As the cover is all risks it is not limited in terms of the territory of application but rather applies worldwide. The cover is applicable to such items as mobile telephones, jewellery and precious items, laptops and other small pieces of electronic equipment, spectacles and sunglasses. It is a condition of the personal all risk section that it be issued together with the house or the contents.
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Personal All Risks Insurance
Plant and Erection All Risks Insurance
Provides cover against damage to plant whilst at work or at rest and/or during installation, erection or dismantling and liabilities resulting there from Electronic Equipment.
Provides Cover for:
- Repair or replacement of electronic equipment arising from sudden and
- Unforeseen physical loss or damage.
- Cost of reconstruction of external data
- Claims preparation costs.
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Plant and Erection All Risks Insurance
Aviation Insurance
1. AVIATION HULL & LIABILITIES
Covers accidental loss of or damage to the aircraft and liability to third parties i.e. persons and/or property outside the aircraft and liability to passengers.
2. AVIATION PERSONAL ACCIDENT
Covers pilots and/or members of the aircrew against death or bodily injury (including medical expenses) ONLY whilst they are flying, boarding the aircraft or alighting from the aircraft. The full cover includes:
Death
- Permanent Disablement, which is a percentage of the death benefit as provided by the scale in the policy.
- T.T.D. limit per week for 104 weeks
- Medical expenses Underwriting considerations
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Aviation Insurance
Asset Insurance
Assets Insurance:
This policy covers large businesses with sizeable asset bases against perils of fire including storm, burst pipes, floods, impact (by any road vehicles, horses or cattle), explosion, earthquake, aircraft, nonpolitical riot and malicious damage.
- Buildings -Re-building costs including quantity surveyor, architects and consulting engineer’s fees
- Contents – Replacement value subject to depreciation
- Stock – Cost value of total stock
- Machinery – Total replacement value of plant and machinery.
Accident Classes included:
- Burglary – SI based on a limit of liability
- Money – SI based on maximum amount held
- Goods in transit – Based on annual carry and limit any one load
- Damage to glass and office equipment and
- Employees Personal effects
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Assets Insurance
Business Protection Insurance
This policy is suitable for small to medium sized businesses for cover against the risks of fire and allied perils, burglary and theft, money in transit or at premises, accidental damage to machinery and plant and general liabilities.
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Business Protection Insurance
Machinery Breakdown Insurance
This cover provides protection against sudden and unforeseen mechanical breakdown and the resultant loss of profit.
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Machinery Breakdown Insurance
Asset Insurance
The policy is designed to reimburse the insured for financial loss resulting from the infidelity of employees.
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Fidelity Guarantee Insurance
Environmental Liability Insurance
The policy provides cover for unexpected and unintended the Insured is obligated to pay caused by pollution, for:
- On site cleanup costs.
- Physical bodily injury, sickness, disease, mental anguish or emotional distress.
- Damage to property.
- Off-site clean up costs associated with remediation of soil, surface or ground water or other contamination.
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Environmental Liability Insurance
Directors and Officers Liability Insurance
Directors and Officers Liability Insurance (often called D&O) is liability insurance payable to the directors and officers of a company, or to the organization(s) itself, to cover damages or defense costs in the event they suffer such losses as a result of a lawsuit for alleged wrongful acts while acting in their capacity as directors and officers of the organization.
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Directors and Officers Liability Insurance
Asset Insurance
Businesses are exposed to various forms of legal liabilities for death or injury and /or damage to property, arising from negligent commission or omission of duty of care, such as:
- General Public liability
- Employers liability
- Products liability
- Tenants liability (where company is a tenant)
- Property owners liability (where company lets building)
- Umbrella liability
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