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Folder MUA Executive Policy

The MUA Executive Policy

The MUA Executive Policy has been designed to offer you peace of mind, ensuring that you are appropriately covered for whatever the future might hold. For a feature-rich, bespoke insurance product for buildings, house contents, all-risk and legal liability cover, the MUA Executive Policy is unmatched.

Some of the main features of this product includes, and is not limited to*:

Building cover

  • Comprehensive cover on an all risks basis and not on a defined perils basis.
  • Peace of mind is knowing that your home is adequately insured - our optional Average Waiver Benefit offers a complimentary building valuation service on your main residence to determine the replacement value of your home.
  • Individuals over 55 – even if employed full-time – enjoy the reward of an automatic basic excess waiver (*underwriting exceptions exist).
  • Accidental and Mechanical and Electrical failure damage is covered to the full sum insured.
  • Cover for changes to your buildings in the event of permanent physical injury.
  • Comprehensive subsidence and landslip cover at no additional premium.
  • Optional extension cover is available for wear & tear on your geysers.
  • Cover may be extended to include your rental property.
  • Cover for, reinstatement of gardens, tracing of leaks and loss of water due to bursts in water mains system.

Contents cover

  •  Comprehensive cover on an all risks basis and not on a defined perils basis.
  • Peace of mind is knowing that your home is adequately insured - our optional Average Waiver Benefit offers a complimentary building valuation service on your main residence to determine the replacement value of your home.
  • Individuals over 55 – even if employed full-time – enjoy the reward of an automatic basic excess waiver (*underwriting exceptions exist).
  • Accidental damage is covered to the full sum insured.
  • Cover for changes to your buildings in the event of permanent physical injury.
  • Contents temporarily removed from the insured address and kept within another building is covered.
  • Cover for personal luggage from airport to airport.
  • Goods in transit cover for the full sum insured.
  • Cover for business equipment (excluding stock).
  • Golf hole-in-one and bowls full-house cover.
  • Cover may be extended to include your rental property.
  • Cover for spoilage of food & drink, swimming pool, borehole, other motors and veterinary expenses.

All Risk cover

  • Comprehensive all risk insurance for items removed from the insured address, worldwide.
  • No need to specify items of any nature and no per-item limits apply However, if you choose to specify items, no excess apply.
  • Individuals over 55 – even if employed full-time – enjoy the reward of an automatic basic excess waiver (*underwriting exceptions exist).
  • Cover for theft out of vehicles as a result of remote jamming.
  • Cover is not limited to items you normally wear or carry with you, but extended to normal household goods temporarily removed from the insured address.

Personal legal liability cover

  •  Cover for legal defense costs and civil judgments arising out of personal legal liability to third parties. This includes personal legal liability cover for you and your family who permanently reside with you. This also extends to you as an owner or tenant of the buildings insured and covers legal liability to your domestic employees.
  • Trustee and member liability (including errors and omissions) cover is automatically included to provide cover against personal legal liability arising whilst holding a position for no reward, on a body corporate, homeowner’s association, non-profit organisation, charity or educational body.
  • Business premises liability cover is automatically included. This will provide ‘slip & trip’ legal liability cover whilst you are conducting business at a home office situated at the insured address.
  • Jurisdiction is South Africa and the territorial limits are worldwide.
  • Cover is automatically included when you insure your building or house contents.

Executive Motor cover

Besides your vehicle, the MUA Executive policy also offers cover for your motorcycle, caravan and trailer.  In addition, you can also get insurance cover for your classic car or classic motorcycle – all in one policy. 

Some of the main features of this product includes, and is not limited to*:

  • Cover options include comprehensive motor insurance; fire, theft and third party; third party only or laid-up cover.
  • Individuals over 55 – even if employed full-time – enjoy the reward of an automatic basic excess waiver (*underwriting exceptions exist).
  • Total loss and theft claims are settled at reasonable retail value. Where the vehicle is less than one year old the formula for settlement is replacement cost of a new vehicle of the same or similar model.
  • No basic excess is payable by the insured for accident, collision, theft or hijack claims where the vehicle is less than one year old from first registration and is driven by the main driver.
  • No basic excess is payable where the claim arises from a theft or hijacking whilst the vehicle was fitted with an approved and functioning tracking device.
  • We cover the difference in excess for a hired vehicle when your insured vehicle is subject to a claim with us.
  • Locks and keys cover automatically included.
  • Cover for changes to your vehicle in the event of permanent physical injury.
  • Customised cover with increased limits for 4x4 vehicles.
  • As an existing policyholder, you enjoy automatic cover for your newly purchased vehicle for the first 72 hours after you have taken possession should you forget to notify your broker.
  • Windscreens are covered up to the sum insured of the vehicle.
  • Cover for credit shortfall is available at an additional premium.
  • Various car hire options are available at an additional premium.
  • Cover of legal liability to third parties including passenger liability. Jurisdiction is South Africa and territorial limits for third party legal liability extends to any Sub-Saharan African country.

 Watercraft cover

  •  Cover is for your watercraft used for private purposes up to a maximum of 8 meters.
  • Claims for total losses of watercraft less than 4 years old are settled at the replacement value for a new or similar watercraft, subject to the sum insured stated on the schedule. If older than 4 years, settlement is based on market value.
  • Legal Liability cover is automatically included. This covers you for third party legal liability arising out of piloting, carrying of passengers and towing of water-skiers. Water-skiers themselves will also benefit from this cover. Jurisdiction is South Africa and territorial limits for legal liability to third parties extends to any Sub-Saharan African country.
  • Other benefits include cover for repatriation costs, locks and keys, medical expenses and reward for information.

*For more information on any product terms and conditions, cover conditions or cover limits, please contact your broker, or get in touch with us at This email address is being protected from spambots. You need JavaScript enabled to view it..

Disclaimer

MUA Insurance Acceptances (Pty) Ltd (Registration Number 2008/011925/07) is an Authorised Financial Services Provider (FSP No.: 37947) underwriting on behalf of Auto & General Insurance Company Limited (Registration Number 1973/016880/06), An Authorised Financial Services Provider (FSP No.: 16354)