MJD Risk Insurance Brokers

Short Term Insurance and Risk Management Consultants

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Domestic Cover Comparison

Table of Contents

Domestic Cover Comparison

Domestic Cover Comparison #

Product Features	M & F Risk Finance	Discovery	Genric/Anchorisk
---BUILDINGS---
Subsidence & Landslip Cover	Yes - Limited Comprehensive cover available at additional premium and engineers report	Yes - Limited Comprehensive cover available at additional premium and engineers report	Yes - Limited Comprehensive cover available at additional premium and engineers report
Geyser wear & tear cover	Available at additional premium	Included	Not available
Accidental damage to fixed Machinery	Available at additional premium up to R250 000 for machinery for pool, Jacuzzi's gate motors etc	Included	Included
Power Surge	Available at additional premium up to R250 000	Included	Included
Building regulations	No cover for non compliance	No cover for non compliance	No cover for non compliance
---CONTENTS---
Subsidence & Landslip Cover	Yes - Limited Comprehensive cover available at additional premium and engineers report	Yes - Limited Comprehensive cover available at additional premium and engineers report	Yes - Limited Comprehensive cover available at additional premium and engineers report
Business goods	Limited cover for business items such as PC's, printers, desks etc. kept in the home	Limited cover on classic & executive plan	Cover included for 35% of contents sum insured or R50 000 whichever is lower
Accidental Damage & Power Surge Cover	Included up to R10 000. More cover available at additional premium	Included under executive plan and optional under lower plans. Power Surge included under all plans.	Included for Audio Visual equipment. Optional cover available for other equipment
Jewelry & Precious metal	Limited to one third of contents sum insured. These must be kept in a safe when not worn and a valuation certificate must be produced when claiming.	Limited to one third of contents sum insured. These must be kept in a safe when not worn and a valuation certificate must be produced when claiming.	Limited to 30% of contents sum insured. These must be kept in a safe when not worn and a valuation certificate must be produced when claiming.
Security	Minimum security is burglar bars on all opening windows and security gates on all external doors	Minimum security is burglar bars on all opening windows and security gates on all external doors	Minimum security is burglar bars on all opening windows and security gates on all external doors. Theft restricted to visible signs of forcible and violent entry/exit
---ALL RISKS---
Locked Boot/Compartment clause	Applies	Applies	Applies
Valuation certificates	Required every 2 years for jewelry items - Limited cover available if no valuation. Items not worn must be kept in a safe	Limited cover available if no valuation certificate available. Items not worn must be kept in a safe	Limited cover available if no valuation certificate available. Items not worn must be kept in a safe
Item Limit	As per specified amount or 25% of the general item sum insured if not specified	As per specified amount or 25% of the general item sum insured if not specified subject to Max of R1500/R1000/R75000 depending on plan selected	As per specified amount or R1 000 for the general item if not specified
Remote Jamming/Blocking	Not covered	Not covered	Not covered
---PERSONAL LIABILITY---
Limits available	Up to R20 000 000.00	Up to R50 000 000 depending on plan selected	R3 000 000.00
---MOTOR---
Basis of settlement	Inception value for 5 years then retail in year 6 for next 5 years	Market, Retail or agreed value basis	Retail or agreed value basis
Credit Shortfall Cover	Available at additional premium	Included from R150 000 to R250 000 depending on plan selected	Available at additional premium
Tyresure Cover	Available at additional premium	Not available	Not available
Car Hire/Loss of use Cover	Available at additional premium	Available at additional premium for entry level plan and included in executive plans or Uber Benefit	Available at additional premium
Motor Warranty	Available at additional premium	Not Available	Not available
Scratch & Dent Cover	Available at additional premium	Not Available	Not vailable
Territorial Limits	South Africa, Botswana, Lesotho, Mozambique, Malawi, Namibia, Swaziland, Zimbabwe & Zambia - Subject to repatriation clause	South Africa, Botswana, Lesotho, Mozambique, Malawi, Namibia, Swaziland, Zimbabwe, Angola, DRC, Kenya, Rwanda, Tanzania & Zambia - Subject to repatriation clause	South Africa, Namibia, Botswana, Lesotho, Swaziland, Zimbabwe, Zambia, Malawi and Mozambique
Tracking Device	Compulsory for vehicles in excess of R300 000.00	Discovery will fit their own unit	Vehicle over R350 000 must have active tracking and vehicles between R250 000 to R350 000 must have passive tracking
Sound Equipment	Not covered unless insured separately	Covered - no need to specify	Not covered unless insured separately
Vehicle Inspections	Not required	Not required for brand new vehicles bought at an approved dealership	May call for inspection
Accident Towing	Must use insurer's call otherwise towing limited to R2 500.00	Must use insurer's call otherwise towing limited to R2 000.00	Must use insurer's call otherwise towing limited to R2 000.00
Driver Restriction	No - Any licensed driver allowed to drive the insured vehicle	No - Any licensed driver allowed to drive the insured vehicle unless stated otherwise on policy	No - Any licensed driver allowed to drive the insured vehicle unless stated otherwise on policy
---VALUE ADDED COVER---
Cash Bonus payout for no claims	10% of your premiums after 36 months	Fuel rewards for good driving behavior managed by system installed in vehicle by Discovery	Not available
Bereavement Expenses	Available at additional premium	Not available	Not available
Hospital Cash Plan	Available at additional premium	Not available	Not available
Mechanical & Electrical Breakdown Cover	Available at additional premium	Not available	Available at additional premium
Premium Waiver	Available at additional premium	Not available	Not available
Identity Theft	Available at additional premium	Not available	Not available
Emergency Assistance	Available at additional premium	Included	Available at additional premium
Claims Preparation Costs	R1 000.00 per claim	Ranges from R1 500 to R10 000 depending on plan selection	Reasonable cost
Watercraft & Motor Cycles	Cover available upon request	Cover available upon request	Cover available upon request
Political Riot Cover	Available at additional premium. Highly recommeded	Available at additional premium. Highly recommended	Available at additional premium. Highly recommended
Excess Waiver	Available at additional premium for Buildings, Contents & Motor	Not available	Not available
---CONDITIONS---
Average/Under-insurance	Applies to Buildings and contents sections	Applies to Buildings and contents sections	Applies to Buildings, contents AND MOTOR sections
Disclosure	Applicable	Applicable	Applicable
Premium Payment	Monthly via debit order or annual - Cancel automatically if debit order stopped	Monthly via debit order or annual - Cancel automatically if debit order stopped	Monthly via debit order or annual - Cancel automatically if debit order stopped
Insurable Interest	Applicable	Applicable	Applicable

Product Features	M & F Risk Finance	Discovery	Genric/Anchorisk
---BUILDINGS---
Subsidence & Landslip Cover	Yes - Limited Comprehensive cover available at additional premium and engineers report	Yes - Limited Comprehensive cover available at additional premium and engineers report	Yes - Limited Comprehensive cover available at additional premium and engineers report
Geyser wear & tear cover	Available at additional premium	Included	Not available
Accidental damage to fixed Machinery	Available at additional premium up to R250 000 for machinery for pool, Jacuzzi's gate motors etc	Included	Included
Power Surge	Available at additional premium up to R250 000	Included	Included
Building regulations	No cover for non compliance	No cover for non compliance	No cover for non compliance
---CONTENTS---
Subsidence & Landslip Cover	Yes - Limited Comprehensive cover available at additional premium and engineers report	Yes - Limited Comprehensive cover available at additional premium and engineers report	Yes - Limited Comprehensive cover available at additional premium and engineers report
Business goods	Limited cover for business items such as PC's, printers, desks etc. kept in the home	Limited cover on classic & executive plan	Cover included for 35% of contents sum insured or R50 000 whichever is lower
Accidental Damage & Power Surge Cover	Included up to R10 000. More cover available at additional premium	Included under executive plan and optional under lower plans. Power Surge included under all plans.	Included for Audio Visual equipment. Optional cover available for other equipment
Jewelry & Precious metal	Limited to one third of contents sum insured. These must be kept in a safe when not worn and a valuation certificate must be produced when claiming.	Limited to one third of contents sum insured. These must be kept in a safe when not worn and a valuation certificate must be produced when claiming.	Limited to 30% of contents sum insured. These must be kept in a safe when not worn and a valuation certificate must be produced when claiming.
Security	Minimum security is burglar bars on all opening windows and security gates on all external doors	Minimum security is burglar bars on all opening windows and security gates on all external doors	Minimum security is burglar bars on all opening windows and security gates on all external doors. Theft restricted to visible signs of forcible and violent entry/exit
---ALL RISKS---
Locked Boot/Compartment clause	Applies	Applies	Applies
Valuation certificates	Required every 2 years for jewelry items - Limited cover available if no valuation. Items not worn must be kept in a safe	Limited cover available if no valuation certificate available. Items not worn must be kept in a safe	Limited cover available if no valuation certificate available. Items not worn must be kept in a safe
Item Limit	As per specified amount or 25% of the general item sum insured if not specified	As per specified amount or 25% of the general item sum insured if not specified subject to Max of R1500/R1000/R75000 depending on plan selected	As per specified amount or R1 000 for the general item if not specified
Remote Jamming/Blocking	Not covered	Not covered	Not covered
---PERSONAL LIABILITY---
Limits available	Up to R20 000 000.00	Up to R50 000 000 depending on plan selected	R3 000 000.00
---MOTOR---
Basis of settlement	Inception value for 5 years then retail in year 6 for next 5 years	Market, Retail or agreed value basis	Retail or agreed value basis
Credit Shortfall Cover	Available at additional premium	Included from R150 000 to R250 000 depending on plan selected	Available at additional premium
Tyresure Cover	Available at additional premium	Not available	Not available
Car Hire/Loss of use Cover	Available at additional premium	Available at additional premium for entry level plan and included in executive plans or Uber Benefit	Available at additional premium
Motor Warranty	Available at additional premium	Not Available	Not available
Scratch & Dent Cover	Available at additional premium	Not Available	Not vailable
Territorial Limits	South Africa, Botswana, Lesotho, Mozambique, Malawi, Namibia, Swaziland, Zimbabwe & Zambia - Subject to repatriation clause	South Africa, Botswana, Lesotho, Mozambique, Malawi, Namibia, Swaziland, Zimbabwe, Angola, DRC, Kenya, Rwanda, Tanzania & Zambia - Subject to repatriation clause	South Africa, Namibia, Botswana, Lesotho, Swaziland, Zimbabwe, Zambia, Malawi and Mozambique
Tracking Device	Compulsory for vehicles in excess of R300 000.00	Discovery will fit their own unit	Vehicle over R350 000 must have active tracking and vehicles between R250 000 to R350 000 must have passive tracking
Sound Equipment	Not covered unless insured separately	Covered - no need to specify	Not covered unless insured separately
Vehicle Inspections	Not required	Not required for brand new vehicles bought at an approved dealership	May call for inspection
Accident Towing	Must use insurer's call otherwise towing limited to R2 500.00	Must use insurer's call otherwise towing limited to R2 000.00	Must use insurer's call otherwise towing limited to R2 000.00
Driver Restriction	No - Any licensed driver allowed to drive the insured vehicle	No - Any licensed driver allowed to drive the insured vehicle unless stated otherwise on policy	No - Any licensed driver allowed to drive the insured vehicle unless stated otherwise on policy
---VALUE ADDED COVER---
Cash Bonus payout for no claims	10% of your premiums after 36 months	Fuel rewards for good driving behavior managed by system installed in vehicle by Discovery	Not available
Bereavement Expenses	Available at additional premium	Not available	Not available
Hospital Cash Plan	Available at additional premium	Not available	Not available
Mechanical & Electrical Breakdown Cover	Available at additional premium	Not available	Available at additional premium
Premium Waiver	Available at additional premium	Not available	Not available
Identity Theft	Available at additional premium	Not available	Not available
Emergency Assistance	Available at additional premium	Included	Available at additional premium
Claims Preparation Costs	R1 000.00 per claim	Ranges from R1 500 to R10 000 depending on plan selection	Reasonable cost
Watercraft & Motor Cycles	Cover available upon request	Cover available upon request	Cover available upon request
Political Riot Cover	Available at additional premium. Highly recommeded	Available at additional premium. Highly recommended	Available at additional premium. Highly recommended
Excess Waiver	Available at additional premium for Buildings, Contents & Motor	Not available	Not available
---CONDITIONS---
Average/Under-insurance	Applies to Buildings and contents sections	Applies to Buildings and contents sections	Applies to Buildings, contents AND MOTOR sections
Disclosure	Applicable	Applicable	Applicable
Premium Payment	Monthly via debit order or annual - Cancel automatically if debit order stopped	Monthly via debit order or annual - Cancel automatically if debit order stopped	Monthly via debit order or annual - Cancel automatically if debit order stopped
Insurable Interest	Applicable	Applicable	Applicable

Policy Summaries

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Updated on 26/01/2020