JaSure is now called Switch by Santam! JaSure has been updated to Switch by Santam in the policy wording which is now: Switch by Santam Personal Assets Insurance. All other important changes are highlighted below:
1. General
1.2 Definitions - includes four new definitions: Cyber loss, Electricity grid failure or interruption, Municipality, and Power surge
1.10 General exclusions:
Point 8. Cyber loss - has been updated
Point 9. Electricity grid failure or interruption - has been added
2. Single Items
2.1 Definitions:
Accidental damage, Loss, and Theft - have been removed
Item - has been updated
Immovable object, and You/your - have been added
2.3 Conditions of cover:
Point 1 (this is the case by definition) and 4 (theft from building) - have been removed
Point 3 (theft from vehicle), 5 (transit) and 6 (bicycles) - have moved to 2.4 Exclusions (see updates below)
2.4 Exclusions - point 3:
a. - has been updated to reference the requirement to securely package your item during transit (from the previous 2.3 point 5)
c. - is an updated theft exclusion which no longer references forcible entry (from the previous 2.3 point 3)
d. - has been simplified from corrupted, damaged, lost or stolen electronic data (including, but not limited to, software, applications, photographs, images, films, music or other files stored electronically on your item); to the cost of reproduction or repair of data of any kind
k. - has been updated for clarity to include the words in bold: mechanical, electrical or electronic breakdown from an inherent defect in the item
m. - has been added: electronic viruses, trojans, worms or similar destructive media interferences
Three exclusions have been removed - incidents prior to cover start (as this is already excluded under 2.4 point 1); damage to tyres from braking, cuts, punctures, bursts or uneven road surfaces; and damage caused by weather to items not intended to exist outside
2.4.1 Bicycles: Additional exclusions - has been added (from the previous 2.3 point 6). This new section describes the bicycle exclusions more clearly, and is not more restrictive.
3. Vehicles
3.4 Conditions of cover - point 3 has been removed as this is the case by definition
3.5 Exclusions:
Removed - pre-existing damage, faulty workmanship or incomplete repairs prior to an insured event, or defective design or manufacturing, or anything covered by any manufacturer’s warranty, purchase agreement or service contract;
Updated - legal costs and expenses incurred after the date that we paid or offered to pay the full amount of a claim, a lesser amount needed to settle a claim, or the maximum amount for which we are liable for a claim;