1. Own Damage Excess Reducer
This section insures your Standard Own Damage excess which is payable in terms of your Underlying Insurance Policy limited to the Sum Insured stated in this Policy Schedule and the Maximum Sum Insured stated below.

HCV’S, TRAILERS, BUSSES, COMMERCIAL VEHICLES & PLANT                                   

Minimum Monthly Premium    R 100 per policy                 

Maximum Indemnity Limit      R 350 000

PRIVATE MOTOR VEHICLES, TAXI’S & LDV’S

Minimum Monthly Premium    R 100                  

Maximum Indemnity Limit      R 80 000

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2. Theft/Hijack Excess Reducer
This section insures your Theft/Hijack excess (Theft/Hijack/Write-off) which is payable in terms of your Underlying Insurance Policy limited to the Sum Insured stated in the Policy Schedule or the Maximum Sum Insured stated below, subject to the applicable Inner excess.

HCV’S, TRAILERS, BUSSES, COMMERCIAL VEHICLES & PLANT

Minimum Monthly Premium    R 100                  

Maximum Indemnity Limit      R 450 000

Important Note:

To a vehicle stolen and recovered with damage an inner excess of R5 000 will apply unless otherwise agreed with VAPS.

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3. Third Party Excess Reducer
This section insures you for payment of your liability / Section II excess which is payable in terms of your Underlying Insurance Policy limited to the Sum Insured stated in this Policy Schedule and the Maximum Sum Insured stated below or in the Policy Schedule.

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PRIVATE MOTOR VEHICLES, TAXI’S & LDV’S

Minimum Monthly Premium    R 100                  

Maximum Indemnity Limit      R 450 000 

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4. Mechanical Breakdown Towing*
Should the insured vehicle or vehicle combination (including trailers) become disabled as a result of mechanical, electronic or electrical breakdown, the company will pay the reasonable cost of towing the vehicle or vehicle combination to the nearest repairer or to the insured’s premises, whichever is closest, within the Republic of South Africa.

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HCV’S, TRAILERS, BUSSES, COMMERCIAL VEHICLES & PLANT                                   

Minimum Monthly Premium    R 165                 

Maximum Indemnity Limit      R 15 000 per insured item 

 * Excluded : Rental Vehicles; Third Parties; Courtesy Vehicles; Vehicles older than 5 Years

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5. Penalty Excess Reducers 

This section insures your Standard Own Damage excess which is payable in terms of your Underlying Insurance Policy limited to the Sum Insured stated in this Policy Schedule and the Maximum Sum Insured stated below provided the said liability on the Underlying Insurance Policy exceeds the Sum Insured stated in this Policy Schedule.

HCV’S, TRAILERS, BUSSES, COMMERCIAL VEHICLES, LDV'S, PMV'S & PLANT                                   

Minimum Monthly Premium    R 100                 

Maximum Indemnity Limit      R 60 000 per penalty excess

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6. Loss of Use 

This section insures your Loss of Income of your Insured Commercial Vehicle following an Insured event of Own Damage or Total Loss (including Theft/Hijack) which is payable in terms of your Underlying Policy, limited to the Sum Insured /daily pro-rata benefit as stated in the Policy Schedule whilst having repairs effected within a reasonable period (solely determined by VAPS) following an Insured event.

HCV’S, TRAILERS, BUSSES, COMMERCIAL VEHICLES, LDV'S & PLANT                                   

Minimum    4 weeks @ R 5 000 per week                

Maximum   12 weeks @ R 15 000 per week

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7. Cross Border Towing Recovery

Where the insured vehicle is involved in an accident outside the borders of the RSA and sustains damage which is insured in terms of sub-section A of the policy and which renders it undriveable, the company will pay the actual costs of recovery and towing which have been incurred to repatriate the insured vehicle to the RSA, provided that the indemnity afforded by this section does not exceed R50,000, and provided that the cover under this section only pays for the costs incurred in getting the insured vehicle to the South African side of the border. Once the insured vehicle is on the South African side of the border all cover under this section ceases.

HCV’S, TRAILERS, BUSSES, COMMERCIAL VEHICLES, LDV'S, PMV'S & PLANT                                   

Minimum Monthly Premium    R 200                 

Maximum Indemnity Limit      R 50 000

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8. Pollution Liability Excess Reducer 

This section insures your excess which is payable in terms of your Underlying Insurance Policy covering the transportation of dangerous goods, environmental liability and clean-up costs limited to the Sum Insured as stated in the Policy Schedule and the maximum Sum Insured stated below.

HCV’S, LDV'S & COMMERCIAL VEHICLES                                    

Minimum Monthly Premium    R 200                 

Maximum Indemnity Limit      R 150 000   PMV's, LDV's & Motorcycles

                                               R 250 000   All other types              

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9. Goods in Transit (GIT) Basic Excess Reducer

This section insures your specified vehicle’s GIT Basic excess applicable, which is calculated and payable on your Underlying Insurance Policy limited to the Sum Insured and Specified excesses as stated in the Policy Schedule and the maximum Sum Insured.

HCV’S, TRAILERS, BUSSES, LDV'S & COMMERCIAL VEHICLES                                  

Minimum Monthly Premium    R 100                 

Maximum Indemnity Limit      R 400 000

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10. Goods in Transit (GIT) Theft/Hijack Excess Reducer 

This section insures your specified vehicle’s GIT Theft/Hijack excess applicable, which is calculated and payable on your Underlying Insurance Policy limited to the Sum Insured and Specified excesses as stated in the Policy Schedule and the maximum Sum Insured.

HCV’S, TRAILERS, BUSSES, LDV'S & COMMERCIAL VEHICLES                                    

Minimum Monthly Premium    R 100                 

Maximum Indemnity Limit      R 400 000

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11. Windscreen Comprehensive Cover

This section insures the repair or replacement of your windscreen damaged on your specified Insured Vehicle and NOT the excess reducer section.

HCV’S, TRAILERS, BUSSES, COMMERCIAL VEHICLES, LDV'S, PMV'S & PLANT                                   

Minimum Monthly Premium    R 120                 

Maximum Indemnity Limit      R 15 000

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12. Windscreen Excess Reducer

This section insures your standard Windscreen excess which is payable in terms of your Underlying Insurance Policy limited to the Sum Insured stated in this Policy Schedule and the maximum sum insured stated below.

HCV’S, TRAILERS, BUSSES, COMMERCIAL VEHICLES & PLANT                                   

Minimum Monthly Premium    R 25                 

Maximum Indemnity Limit      R 10 000

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13. VAPS Non-Motor Excess Reducer

This product insures any Non-Motor excess as described in your VAPS Policy Schedule which is payable in terms of your Underlying Insurance Policy limited to the Sum Insured stated in the VAPS Policy Schedule and the maximum sum insured stated in this VAPS Policy Schedule.

Commercial Lines sections that we can provide Excess Reducer cover on: Fire, Buildings Combined, Office contents, Electronic Equipment, Business Interruption, Accounts Receivable, Theft, Money, Glass, Fidelity, Goods in Transit, Business All Risks & Accidental Damage.

Personal Lines sections that we can provide Excess Reducer cover on: Houseowners (Buildings), Householders (Contents) & All Risks.

ALL COMMERCIAL & PERSONAL LINES SECTIONS OTHER THAN MOTOR                                   

Minimum Monthly Premium    R 60                 

Maximum Indemnity Limit      R 250 000

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14. VAPS Tyre Cover

In the event of Accidental Damage to a tyre caused by sudden braking, cuts, punctures by foreign objects or bursts, VAPS will indemnify the Insured for the cost of repair or replacement of a tyre including balancing, provided that the indemnity is based on the percentage of unused tread left on the tyre.

PMV's, LDV's AND COMMERCIAL VEHICLES BELOW 3500KGS                                    

Minimum Monthly Premium    R 45                 

Maximum Indemnity Limit      R 3 000 per tyre

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15. Renasa IVP (Inception Value Policy)

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Renasa’s IVP division underwrites motor policies which insure vehicles against depreciation in the event that it is stolen or written off, and automatically includes credit shortfall (free of charge) for financed vehicles. The IVP Division was established in 2010. Based in Johannesburg, the division provides a countrywide service.