Value Added Products

Insurance

Not only is insurance mandatory when financing your vehicle, it’s also good to know that you’re covered in the case of an accident.

Insurance rates are based on a sliding scale and no list of driver history is required.

The insurance premium includes comprehensive cover such as car hire and roadside assistance.

Premium and excess structures are dependant on class of vehicle e.g. passenger, light commercial and heavy commercial

• A detailed proposal will be facilitated by one of our insurance consultants

Value added products

Car Hire

• Cover already includes car hire for a class B vehicle.
• Additional classes of vehicles, covered with additional premium per annum

Additional Insurance Products

Commercial Cover (Shortfall)

Insured Event

• When a vehicle is written off or stolen and not recovered the Underlying Insurer settles the claim by means of a payment. If a shortfall arises between that payment and the WesBank settlement amount the commercial cover policy will settle the difference.

Exclusions

• Any arrear installments or rentals including interest payable on such arrears
• This insurance shall not apply to any re-advancement under the Credit Agreement or Lease Agreement

First Amount Payable (Excess)

Insured Event

• The first amount payable (the excess) in respect of accidental damage to the Insured Vehicle(s) as defined in the schedule of insurance.

Excludes any damage to accessories such as radio’s, tape players and telephones

Insured to supply the Underwriter with proof of the value of the claim before any Benefit is paid

First Amount Payable

• 25% of claim inner excess as stipulated on the proposal of insurance

Loss of use – Downtime

Insured Event

• Where the Insured is unable to use the Insured vehicle giving rise to a claim in terms of the Underlying Policy (This does not cover a mechanical failure)
• Cover can be ceded to WesBank, with the permission of the client, to be signed and noted on the schedule of insurance at the inception of cover.

Loss of use – Downtime

Benefit Payable
Excess Period: 7 consecutive working days from the date of the loss or damage.

If a 2nd claim occurs on the same insured vehicle during the same 12 month period of insurance, the excess period will be 12 consecutive working days.

If a 3rd claim occurs on the same insured vehicle during the same 12 month period of insurance the excess period will be 16 consecutive working days.

What makes Insurance through Imperial Fleet Management Different

Imperial Fleet Management partners with LiquidCover (Regent) and FNB Insurance Brokers (Lion of Africa & Hollard underwriting), both established companies with impressive track records in the insurance sectors.

This partnership provides peace of mind and ensures all your insurance requirements are taken care of.