When you insure with iWYZE you can choose a fixed excess amount from our range of options (instead of an excess that is a percentage of the claim). This way, you know exactly how much you will have to pay – regardless of the value of your claim. You can choose a lower fixed excess with a higher premium… or select a higher excess and pay a lower premium.
Here's how it works
Your excess is the amount you will pay in the event you have a claim against your policy. For example, if you have a car accident and the damage amounts to R30 000, you will only have to pay the first R2 750 (or whichever amount you chose as your excess when you took out your policy) and iWYZE will pay the rest.
A fixed excess means that, no matter what the value of your claim may be, you will never pay more than the excess amount you agreed to when you took out your policy. Unlike many other insurers, who charge a percentage of the claim as the excess, with iWYZE you can be sure you won’t be in for any nasty surprises!
Enjoy an excess waiver after 3 years!
If you have chosen our lowest excess option, you will enjoy this great benefit after just three claim-free years on your iWYZE policy. If you make a claim after three years of being claim-free, we will waive the excess completely – you won’t pay a cent!
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iWYZE is underwritten by Mutual & Federal Insurance Company Limited, a member of the Old Mutual group. Mutual & Federal and Old Mutual are Licensed Financial Services Providers.