Good day Valued Broker,
With immediate effect IUM has introduced a flat excess option under the Motor section on our Essentials Personal Lines product on MMX.
This option can be found under the ‘Cover Information’ tab. You can then select the ‘Flat Excess’ option under the drop down menu.
If the flat excess option stated under the insured item reflects R3 500, this replaces the basic and the theft / hijack first amount payable as stated above, all other excesses remain unaltered.
Should you have any questions regarding this change to the MMX system, please contact your broker consultants.
Insurance Underwriting Managers.