iK Business Cover Waiting Periods & Applicable Excesses
This article outlines the waiting periods and applicable excesses for iK Business Cover.
Claim requirements | Bronze | Silver | Gold | Platinum | Double Platinum | Diamond |
---|---|---|---|---|---|---|
Waiting periods | ||||||
Device | Excess applicable in first 30 days of cover | |||||
Stock, equipment and building | No claim within first 14 days of cover | |||||
Personal Accident | No claim for 30 days for each new life on cover | |||||
Excess | ||||||
Device | R200 excess applicable in first 30 days of cover, After 30 days of cover, no excess is required. | |||||
Stock, equipment and building | R2 000 | R2 000 | R5 000 | R5 000 | R10 000 | R10 000 |
Personal Accident | No excess is applicable however the first R1 000 emergency expenses is not covered and must be paid by the Policy holder. |