Wheel & Tyre Services



HOW IT WORKS

NEW TYRES:

    • within 30 (thirty) days or 2000km (two thousand kilometers) 
      Should the Insured Event occur within 30 (thirty) days from inception of this Policy or within the first 2000km (two thousand kilometers) of driving on the Insured Item after fitment as specified on the TWT invoice, whichever comes first, the Insured will receive a full credit towards  the purchase of the same or similar new tyre
      from TWT. 
    • after 30 (thirty) days or 2000km (two thousand kilometers);  
      For Insured Events occurring after 30 (thirty) days from inception of this Policy or after the first 2000km (two thousand kilometers) of driving on the Insured Item, whichever comes first, the Sum Insured shall be calculated by firstly measuring the remaining tread of the Insured Item, and deducting from that the 1mm (one millimetre) excess. Such figure represents the remaining tread.
    • The remaining tread will be expressed as a percentage of the original tread depth of the Insured Item and thereafter multiplied by the original purchase price of the Insured Item from TWT.  
    • The value as determined using the above formula shall constitute the rand value of the credit the Insured will be entitled to use towards the purchase of a new tyre.  



USED TYRES:

  • For any Insured Event the Sum Insured shall be calculated by firstly measuring the remaining tread of the Insured Item, and deducting from that one millimetre 1mm (one millimetre) excess. Such figure represents the remaining tread.
  • The remaining tread will be expressed as a percentage of the original tread depth of the Insured Item and thereafter multiplied by the current purchase price of the same or similar new tyre as the Insured Item.  
  • The value as determined using the above formula shall constitute the rand value of the credit the Insured will be entitled to use towards the purchase of a new tyre.



LIMITATION OF BENEFITS:

  • The benefit shall not be paid in cash but constitutes a credit towards the purchase of a new tyre and not for the replacement thereof.  With the exception of cover for new tyres within 30 (thirty) days or 2000km (two thousand kilometers), the Insured will be his own insurer for the difference between the Sum Insured and replacement cost of the new tyre. 

  • The Sum Insured is limited to R2500 (two thousand five hundred rand) per Insured Item irrespective of the purchase price of the Insured Item.
     
  • Cover includes one claim per Insured Item.


TREAD LIMIT:

The Tread Limit is the minimum legal tread limit as stipulated by the National Road Traffic Act No 93 of 1996.  This states that no person shall operate a motor vehicle on a public road which:

is fitted with a pneumatic tyre unless such tyre displays throughout, across its breadth and around its entire circumference, a pattern which is clearly visible, and has a tread of at least 1mm (one millimetre) in depth; 

or

is fitted with a pneumatic tyre which contains a tyre tread depth indicator, if the tread is level with the tyre tread depth indicator


EXCESS:

In respect of each and every event that gives rise to a claim, 1mm (one millimetre) of the tread will be deducted from the remaining tread and will act as an excess.  
The excess will not apply for a New Tyre in the first 30 (thirty) days or 2000km (two thousand kilometers) whichever comes first. 

PERIOD OF INSURANCE:

This is a term policy and valid for 3 (three) years from date of purchase of the insurance as indicated on the TWT invoice.

Cover for the Insured Item(s) will terminate the earlier of: 

a)             the original tread of the Insured Item being worn to the Tread Limit as defined at the time of a claim; or
b)             the expiration of 3 (three) years from date of purchase of insurance for the Insured Item; or
c)             50000km (fifty thousand kilometers) travelled on the Insured Item; or 
d)             the sale of the Insured Item or vehicle to which the tyre was fitted; or
e)             a claim has been paid.

ASK IN STORE FOR DETAILS

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For any queries do not hesitate to contact the Hollard customer care No: (Business hours only. Monday to Friday) 011 - 351 2110

Tiger Wheel & Tyre is a juristic representative of the Hollard Insurance Company Limited, a licensed Financial Service Provider.