When it comes to car insurance, one of the key factors that can impact your premium and your peace of mind is the insurance excess amount. If you choose an excess that is too high, you might be digging a financial hole, you can’t climb out of, at claim stage.

On the other hand, who wants to pay more than you should for your car cover every month?

What if you had a bargaining chip before you started comparing car insurance quotes? An ace up your sleeve 🙂

Suppose you could ask your short-term insurer to push your excess up to R10 000, in order to bring down your monthly premium, and use another policy to cover that excess amount at claim stage?

That’s pretty useful, right?

GENRIC’s Excess Waiver Policy is designed to completely cover your car insurance excess.

So next time you are involved in a car accident and an excess is payable, you can expect your Excess Waiver policy to pay out and save the day!

There are three simple plans to suit your pocket based on how much excess cover you need.

*Premiums may be reviewed annually.

Now that you know you can bust your car insurance excess by taking out a policy that costs less than R150 per month, how do you use that to negotiate the best car insurance premium for yourself?

You might want to consider:

• Phoning your short-term insurer and getting requoted on your car insurance.
• Or shopping around for like-for-like comprehensive car insurance quotes.
• Making sure all the quotes include a flat excess of between R3 500 & R10 000 at claim stage.
• Then compare the quotes against your current car insurance cover.

Are any of these new comparative car insurance quotes saving you more than R150 per month?

If the answer is Yes, you might want to consider looking into it.

Excess Waiver: So, what’s the catch?

There is no catch, just some conditions to take note of:

• You must have an active comprehensive car insurance policy in place.
• There is a three-month waiting period before you can claim against the policy.
• The maximum amount payable depends on the plan option you select, but it cannot exceed the excess amount that you owe your short term insurer. Example: If you take a R10 000 Excess Waiver plan and the excess you owe your insurer is R7 000, GENRIC will only pay out R7 000.
• You have the option to pay the policy on a monthly basis or annually.

At Claim Stage: Make sure you get in touch with GENRIC and report your car accident within five working days of the incident. Via email, include a copy of your comprehensive car insurance policy and attach proof that your insurer has accepted liability.

Trust us to bust your car insurance excess.