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and Risk Management Consultants
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Domestic Cover Comparison
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
Related
#
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Domestic Product Comparison
About us
Company details
Company history
Privacy Policy
Legal Disclaimers
Insurance Companies
Client Portal Login
Upload files
Domestic Product Comparison
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