Well one thing that certainly is topical at the moment is the World Cup 2010 – if you plan renting out your house or leasing you car please confirm with your insurance company for what you are covered for and where you are not to safe gaurd yourself, family and your properties. Here are some snippets as an example from Out Surance:
Contents and Building cover
Theft from your house
• If you lease your house to tenants, you are covered for theft if it is burgled as long as there are visible signs of forced entry that the house was broken into. There is no cover if the tenants steal your goods.
• If you have guests staying with you in the house, their personal possessions are covered under the Contents section if they are stolen from your home. Their possessions are covered to a maximum amount of R5000.
• Your guests should ideally have their own cover though. They would need All Risks cover that they have arranged with insurers in their own countries. All Risks covers their personal possessions (e.g. their clothing, luggage, cameras and other valuables) which they have with them anywhere in the world.
Liability cover
If my guest or tenant is injured while staying at my property, can I be held legally liable?
Your standard liability cover ensures that you are covered if you are legally responsible for the death of or injury to your guests. However this liability cover does not apply to your tenants and you will need our Business Liability cover so call us on 08600 70 000 to find out more.
What is the difference between a guest and a tenant ?
Guests are those who stay with you and are not paying you for their stay whereas tenants are those who pay you an agreed amount for the accommodation or living expenses; typically you will have entered into a lease agreement or contract with them for the duration of their stay in your property.
World Cup Tickets
Am I covered if I lose my World Cup tickets?
Tickets and personal documents are not covered.
If you do lose your tickets log on to www.fifa.com to read about FIFA’s ticket-replacement policy.
Vehicle cover
Am I covered if I lend or lease my car to one of my foreign guests or tenants?
Yes you are covered if the driver has a valid licence in the country of issue or an International Driving Permit (IDP).
There are specific requirements in place that govern foreign drivers and the validity of their licences for the duration of the World Cup. Foreign drivers need an IDP if they are visiting SA for more than 3 consecutive months.
If your visitor is staying here for a shorter time period, their driver’s licence must:
• be valid in the country of issue and comply with the minimum requirements in terms of the road traffic laws of that country
• be printed in English or a translated copy certified by the driver’s Embassy / Consulate in English will be accepted
• the licence holder’s photo must be on the licence
• all licences will be accepted to operate equivalent vehicles on SA’s roads
• no professional driving – i.e, transporting fair paying passengers, unless a Professional Driving permit is issued in SA
If they will have exclusive use of your car for more than one month over the duration of the World Cup they will have to be noted as the regular driver of that car on your OUTsurance facility. If they will drive the car occasionally or for a shorter period, there is no need to change the regular driver details.
Not this will vary from policy to policy and company to company – so double check!
