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Domestic Comparison Table

Product Features

M & F Risk Finance

Discovery
Genric/Anchorisk
---BUILDINGS---
Subsidence & Landslip CoverYes - 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 coverAvailable at additional premiumIncludedNot available
Accidental damage to fixed MachineryAvailable at additional premium up to R250 000 for machinery for pool, Jacuzzi's gate motors etcIncludedIncluded
Power SurgeAvailable at additional premium up to R250 000 IncludedIncluded
Building regulationsNo cover for non complianceNo cover for non complianceNo cover for non compliance
---CONTENTS---
Subsidence & Landslip CoverYes - 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 goodsLimited cover for business items such as PC's, printers, desks etc. kept in the homeLimited cover on classic & executive planCover included for 35% of contents sum insured or R50 000 whichever is lower
Accidental Damage & Power Surge CoverIncluded up to R10 000. More cover available at additional premiumIncluded 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
Jewellry & Precious metalLimited 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.
SecurityMinimum security is burglar bars on all opening windows and security gates on all external doorsMinimum security is burglar bars on all opening windows and security gates on all external doorsMinimum 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 clauseAppliesAppliesApplies
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 specifiedAs per specified amount or 25% of the general item sum insured if not specified subject to Max of R1500/R1000/R75000 depending on plan selectedAs per specified amount or R1 000 for the general item if not specified
Remote Jamming/Blocking
Not coveredNot coveredNot covered
---PERSONAL LIABILITY---
Limits availableUp to R20 000 000.00Up to R50 000 000 depending on plan selectedR3 000 000.00
---MOTOR---
Basis of settlementInception value for 5 years then retail in year 6 for next 5 yearsMarket, Retail or agreed value basisRetail or agreed value basis
Credit Shortfall CoverAvailable at additional premiumIncluded from R150 000 to R250 000 depending on plan selectedAvailable at additional premium
Tyresure CoverAvailable at additional premiumNot availableNot available
Car Hire/Loss of use CoverAvailable at additional premiumAvailable at additional premium for entry level plan and included in executive plans or Uber BenefitAvailable at additional premium
Motor WarrantyAvailable at additional premiumNot AvailableNot available
Scratch & Dent CoverAvailable at additional premiumNot AvailableNot vailable
Territorial LimitsSouth Africa, Botswana, Lesotho, Mozambique, Malawi, Namibia, Swaziland, Zimbabwe & Zambia - Subject to repatriation clauseSouth Africa, Botswana, Lesotho, Mozambique, Malawi, Namibia, Swaziland, Zimbabwe, Angola, DRC, Kenya, Rwanda, Tanzania & Zambia - Subject to repatriation clauseSouth Africa, Namibia, Botswana, Lesotho, Swaziland, Zimbabwe, Zambia, Malawi and Mozambique
Tracking DeviceCompulsory for vehicles in excess of R300 000.00Discovery will fit their own unitVehicle over R350 000 must have active tracking and vehicles between R250 000 to R350 000 must have passive tracking
Sound EquipmentNot covered unless insured separatelyCovered - no need to specifyNot covered unless insured separately
Vehicle InspectionsNot requiredNot required for brand new vehicles bought at an approved dealershipMay call for inspection
Accident TowingMust use insurer's call otherwise towing limited to R2 500.00Must use insurer's call otherwise towing limited to R2 000.00Must use insurer's call otherwise towing limited to R2 000.00
Driver Restriction?No - Any licensed driver allowed to drive the insured vehicleNo - Any licensed driver allowed to drive the insured vehicle unless stated otherwise on policyNo - Any licensed driver allowed to drive the insured vehicle unless stated otherwise on policy
---VALUE ADDED COVER---
Cash Bonus payout for no claims10% of your premiums after 36 monthsFuel rewards for good driving behavior managed by system installed in vehicle by DiscoveryNot available
Bereavement ExpensesAvailable at additional premium Not available Not available
Hospital Cash PlanAvailable at additional premium Not availableNot available
Mechanical & Electrical Breakdown CoverAvailable at additional premium Not availableAvailable at additional premium
Premium WaiverAvailable at additional premium Not availableNot available
Identity TheftAvailable at additional premium Not availableNot available
Emergency AssistanceAvailable at additional premium IncludedAvailable at additional premium
Claims Preparation CostsR1 000.00 per claimRanges from R1 500 to R10 000 depending on plan selectionReasonable cost
Watercraft & Motor CyclesCover available upon requestCover available upon requestCover available upon request
Political Riot CoverAvailable at additional premium.
Highly recommeded
Available at additional premium.
Highly recommended
Available at additional premium.
Highly recommended
Excess WaiverAvailable at additional premium for Buildings, Contents & MotorNot availableNot available
---CONDITIONS---
Average/Under-insuranceApplies to Buildings and contents sectionsApplies to Buildings and contents sectionsApplies to Buildings, contents AND MOTOR sections
DisclosureApplicableApplicableApplicable
Premium PaymentMonthly 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 InterestApplicableApplicableApplicable
Product Features

M & F Risk Finance

Discovery
Genric/Anchorisk
---BUILDINGS---
Subsidence & Landslip CoverYes - 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 coverAvailable at additional premiumIncludedNot available
Accidental damage to fixed MachineryAvailable at additional premium up to R250 000 for machinery for pool, Jacuzzi's gate motors etcIncludedIncluded
Power SurgeAvailable at additional premium up to R250 000 IncludedIncluded
Building regulationsNo cover for non complianceNo cover for non complianceNo cover for non compliance
---CONTENTS---
Subsidence & Landslip CoverYes - 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 goodsLimited cover for business items such as PC's, printers, desks etc. kept in the homeLimited cover on classic & executive planCover included for 35% of contents sum insured or R50 000 whichever is lower
Accidental Damage & Power Surge CoverIncluded up to R10 000. More cover available at additional premiumIncluded 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
Jewellry & Precious metalLimited 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.
SecurityMinimum security is burglar bars on all opening windows and security gates on all external doorsMinimum security is burglar bars on all opening windows and security gates on all external doorsMinimum 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 clauseAppliesAppliesApplies
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 specifiedAs per specified amount or 25% of the general item sum insured if not specified subject to Max of R1500/R1000/R75000 depending on plan selectedAs per specified amount or R1 000 for the general item if not specified
Remote Jamming/Blocking
Not coveredNot coveredNot covered
---PERSONAL LIABILITY---
Limits availableUp to R20 000 000.00Up to R50 000 000 depending on plan selectedR3 000 000.00
---MOTOR---
Basis of settlementInception value for 5 years then retail in year 6 for next 5 yearsMarket, Retail or agreed value basisRetail or agreed value basis
Credit Shortfall CoverAvailable at additional premiumIncluded from R150 000 to R250 000 depending on plan selectedAvailable at additional premium
Tyresure CoverAvailable at additional premiumNot availableNot available
Car Hire/Loss of use CoverAvailable at additional premiumAvailable at additional premium for entry level plan and included in executive plans or Uber BenefitAvailable at additional premium
Motor WarrantyAvailable at additional premiumNot AvailableNot available
Scratch & Dent CoverAvailable at additional premiumNot AvailableNot vailable
Territorial LimitsSouth Africa, Botswana, Lesotho, Mozambique, Malawi, Namibia, Swaziland, Zimbabwe & Zambia - Subject to repatriation clauseSouth Africa, Botswana, Lesotho, Mozambique, Malawi, Namibia, Swaziland, Zimbabwe, Angola, DRC, Kenya, Rwanda, Tanzania & Zambia - Subject to repatriation clauseSouth Africa, Namibia, Botswana, Lesotho, Swaziland, Zimbabwe, Zambia, Malawi and Mozambique
Tracking DeviceCompulsory for vehicles in excess of R300 000.00Discovery will fit their own unitVehicle over R350 000 must have active tracking and vehicles between R250 000 to R350 000 must have passive tracking
Sound EquipmentNot covered unless insured separatelyCovered - no need to specifyNot covered unless insured separately
Vehicle InspectionsNot requiredNot required for brand new vehicles bought at an approved dealershipMay call for inspection
Accident TowingMust use insurer's call otherwise towing limited to R2 500.00Must use insurer's call otherwise towing limited to R2 000.00Must use insurer's call otherwise towing limited to R2 000.00
Driver Restriction?No - Any licensed driver allowed to drive the insured vehicleNo - Any licensed driver allowed to drive the insured vehicle unless stated otherwise on policyNo - Any licensed driver allowed to drive the insured vehicle unless stated otherwise on policy
---VALUE ADDED COVER---
Cash Bonus payout for no claims10% of your premiums after 36 monthsFuel rewards for good driving behavior managed by system installed in vehicle by DiscoveryNot available
Bereavement ExpensesAvailable at additional premium Not available Not available
Hospital Cash PlanAvailable at additional premium Not availableNot available
Mechanical & Electrical Breakdown CoverAvailable at additional premium Not availableAvailable at additional premium
Premium WaiverAvailable at additional premium Not availableNot available
Identity TheftAvailable at additional premium Not availableNot available
Emergency AssistanceAvailable at additional premium IncludedAvailable at additional premium
Claims Preparation CostsR1 000.00 per claimRanges from R1 500 to R10 000 depending on plan selectionReasonable cost
Watercraft & Motor CyclesCover available upon requestCover available upon requestCover available upon request
Political Riot CoverAvailable at additional premium.
Highly recommeded
Available at additional premium.
Highly recommended
Available at additional premium.
Highly recommended
Excess WaiverAvailable at additional premium for Buildings, Contents & MotorNot availableNot available
---CONDITIONS---
Average/Under-insuranceApplies to Buildings and contents sectionsApplies to Buildings and contents sectionsApplies to Buildings, contents AND MOTOR sections
DisclosureApplicableApplicableApplicable
Premium PaymentMonthly 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 InterestApplicableApplicableApplicable