"Insure and SAVE-a-CHILD today !"
Hectotron (Pty) Ltd
Practice Areas
House Content Cover
This covers you for items that get stolen from your home or damaged at your home. If your household good and personal possessions inside your home or in your outbuildings are stolen or damaged you enjoy cover up to the amount you are insured for.
This cover may include aspects such as washing and garden furniture, guest's belongings, glass and mirrors that break and even food that goes off in the fridge or money that is stolen from your home.
Some underwriters also provide cover as part of your contents for your liability if something you are looking after is damaged or someone is injured or die accidentally or if someone sues you for damages.
LOOK OUT FOR THE FINE PRINT
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You must ensure that you are not underinsured as the underwriter will check this should you have a claim. If you are underinsured your claim will be adjusted downwards based on an average formula.
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You are normally not covered outside your home under your home contents cover for expensive and mobile assets such as cameras, jewellery and cell phones.
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Where you operate a business from home the stock in trade is not covered as part of your contents.
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Accidental damage cover for mechanical and electrical breakdown of your appliances (fridges/freezers/stove), audio visual equipment (TV/ stereo) and Home Computers are available and are not automatically a part of your cover. This will cover replacement or repair damage for example resulting from power surges. This cover excludes normal wear and tear.
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Accidental damage cover does not apply to laptop computers or to gardening equipment such as lawnmowers.
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In the event that you have an alarm system noted on your policy as security measure the system must be activated at all times when you are not at home, and must be linked to all outside buildings.
Please ensure that your partner, should you not be married but living on the same premises, is nominated as a co insured to ensure that their assets are covered in the event of a claim.
Vehicle Insurance & Add on Products.
The following products are available from the different underwriters to minimize your damages and inconvenience in the event of a claim in addition to your comprehensive cover.
Please note that the products are normally not automatically part of your cover and are available at an additional cost.
Excess waiver :
This product will ensure that no basic excess is payable in the event of a claim. Excess waiver does not cover additional excess amounts that may be payable depending on the driver of the vehicle at the time of the accident.
Top up Cover:
This product will ensure that the difference between vehicle value and amount outstanding to your bank is settled should your vehicle be stolen or written off after an accident.
Motor vehicle Rental:
This product will ensure that a rental vehicle is available for you should your vehicle be at the panel beater as a result of an accident or be stolen.
Roadside Assistance:
This product ensures that a range of support services are available at the roadside in the event of an accident.
Tools, spare parts and travel accessories:
This product ensures that loss or damage to vehicle tools, seat covers and rubber mats is in place.
LOOK OUT FOR THE FINE PRINT
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Look out for the first amount payable as some underwriters lower your premium by making the excess a high amount.
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Check the terms and conditions of your vehicle rental cover as the term of rental is generally limited.
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See what is and what is not included in your roadside assistance.
Advisory Capacity for Business Leaders.
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This insurance covers a wide range of different business needs to include amongst others
The needs of each business are specific and need to be determined and assessed by competent professional insurance brokers with the relevant business person.
This insurance is normally not done over the internet or by telephone but involves a face to face meeting and discussion.
We offer our business service to a wide range of different businesses that include an example of existing clients' business types;
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Setup and Management of Wills & Trusts
The basic principle when distributing a deceased's assets is that the Will determines how these assets are distributed. If the deceased does not have a valid Will the law of intestate succession will apply. This may mean that the assets are not shared amongst the loved ones that the deceased would have chosen.
Although the Intestate Succession Act was published in 1987, we now have to take into account circumstances that were never really envisaged at that time.
The position of illegitimate children, polygamous marriages and "common law spouses" all need to be considered when a person dies without a Will. Having a Will in place will ensure the remaining parties receive what they should receive and loved ones are provided for.
Who gets what when a client dies without a valid Will in place?
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If the deceased dies leaving behind only his/her spouse and no descendants, then the surviving spouse will inherit the entire deceased estate.
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If the deceased is survived by a descendant but not by a spouse, then the descendant will inherit the entire estate of the deceased.
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More common is when the deceased dies leaving behind both a surviving spouse as well as descendants. In this scenario you will first need to calculate the spouse share which will be the greater of:
3.1. a child's share which is calculated by dividing the monetary value of the deceased estate by the number of children plus one (spouse); or
3.2. an amount fixed in the Government Gazette from time to time.
Invetments, Retirement & Financial Planning, etc
In these times of volatile share markets, it’s refreshing to find an investment vehicle which gives you both the high guaranteed return of
a fixed deposit with all the tax free advantages of equities.
A Liberty Life Guaranteed Capital Bond (GCB) offers a high TAX FREE return, guaranteed
for 5 years. This means that no matter how interest rates fall over the next 5 years, you continue to receive the same guaranteed return.
Unlike equities, the value of your investment is also guaranteed. You will receive 100% of you capital back at the end of the investment period, irrespective of any
fluctuations in the stock market.
Compare the after tax return!
Many similar investments (such as fixed deposits and money markets) are taxable.
Thus while they may offer slightly higher pre tax returns, for most taxpaying investors, GCB’s offer a significantly better post tax return.
✔ No risk – Capital is 100% guaranteed
✔ No Tax – 100% Tax free returns
✔ Guaranteed return for 5 years, irrespective of interest rate movements.
✔ Does not use up to your interest taxexemption
This and many other products available.
Business Insurance, Risk Products, Strategic Planning, etc.
Need is defined in the Oxford dictionary as “…time of difficulty or crisis…” or
“…circumstances requiring some course of action…” (Oxford 1978:584).
The life assurance needs of a small medium enterprise are complex in nature, and the entrepreneur is usually unaware that the needs even exist.
The fact that the entrepreneur is usually unaware of the crisis lurking, waiting to manifest at the occurrence of certain events, makes addressing the crisis even more difficult.
The business owner has many needs directly or indirectly relating to the business.
The questionnaire enables us to provide solutions for the following critical issues;
Wealth altering events;
Contingent Liability to protect against third party creditors;
The Loan Accounts Solution to cover the unrecovered capital risk;
The Buy and Sell Arrangement to cover the unrealized wealth risk;
Important Assumptions, Structure;
Estate Duty implications, Income Tax, Estate Duty, Tax Implications, etc;
Conclusion & Solutions.
Our endevour is to provide the best possible solution for you and your business.
Please let us know when the information is available, to enable us to priorotise it.
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