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Jane works for ABC Insurance Company. She is issuing a personal lines policy for her client as per the proposal form. The policy is a

Jane works for ABC Insurance Company. She is issuing a personal lines policy for her client as per the proposal form. The policy is a scheme policy, which has been designed for many clients and covers the following: the house for the replacement value of R1500000; the household contents for an amount of R425000; the minimum unspecified all risks amount of R10000; an engagement ring for an amount of R52500; personal liability insurance for R3000000; and a 2017 VW Golf, which has a retail value of R254000. Jane wants to know which SASRIA coupon/s will be issued by the insurer and when this will happen. How would you answer her?
Select one:
a.
ABC Insurers will issue both a Material Damage coupon and a Motor Coupon. They will do this immediately when the policy is issued.
b.
ABC Insurers will issue a Material Damage coupon only, which will detail the total aggregate sum insured and the number of policies listed.
c.
ABC Insurers will issue a Material Damage coupon only. They will do this immediately when the policy is issued.
d.
ABC Insurers will only issue one Material Damage coupon and one Motor coupon per month, which detail the total aggregate sum insured and the number of policies listed.

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