iK Insurance Waiting Periods & Applicable Excesses

This article outlines the waiting periods and applicable excesses for iK Insurance

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 medical costs is not covered and must be paid by the Policy holder.