DocumentOngoingOther

20009 Reinstatement Value Endorsement

SOUTH AFRICAN SPECIAL RISKS INSURANCE ASSOCIATION (Sasria Soc Ltd)Ref: https://sasria.co.za/wp-content/uploads/2025/04/20009-Reinstatement-Value-Endorsement.pdf

Official source

Source domain: sasria.co.za

Collected on 13 July 2026

Always confirm details on the official source before acting.

What this means

This document is a “Reinstatement Value Endorsement” that attaches to and forms part of a motor insurance policy (Motor Policy No: not specified in the text). It changes the loss settlement basis for qualifying vehicles by setting the replacement cost at the time of settlement if the vehicle is a total loss/damaged beyond 70% of the retail price (including tax) or if stolen and not recovered within six weeks of the theft being reported. The endorsement applies only to vehicles rated under category 1 (Motor Cars and Small Taxis) of SASRIA’s Regulations, that are less than one year old since first registration, and have travelled less than 30,000 km since first registration.

What this document offers

Read out of this document by Govermate's AI, in its own words. Each one quotes the line it came from — confirm on the official source before acting.

insurance settlement benefitOngoing

Reinstatement Value Endorsement

This endorsement provides for full replacement cost settlement of a vehicle at the time of claim if it is damaged beyond 70% of its retail value (including tax) or stolen and not recovered within six weeks of reporting. It applies only to vehicles rated as category 1 (Motor Cars and Small Taxis), less than one year old since first registration, and with less than 30,000 km travelled.

Who it is for: owners of motor vehicles rated category 1 under Sasria’s Regulations, less than one year old, and with less than 30,000 km since first registration
How to act on it: The insured must report the damage or theft to Sasria SOC Limited and provide proof of ownership and registration. The claim will be processed based on the reinstatement value terms outlined in this endorsement.

Facts

Reference

https://sasria.co.za/wp-content/uploads/2025/04/20009-Reinstatement-Value-Endorsement.pdf

Key Takeaways

Endorsement title: Reinstatement Value Endorsement
Attaches to and forms part of a motor policy (Motor Policy No not stated)
Total loss/damage settlement basis: new replacement cost at time of settlement
Damage threshold: exceeds 70% of retail price (including tax) on date of insured event
Theft condition: not recovered within 6 weeks of theft reported to the association
Applies only to vehicles rated category 1 (Motor Cars and Small Taxis) of SASRIA’s Regulations
Vehicle age limit: less than 1 year since first registration
Mileage limit: less than 30,000 km since first registration
Signed on behalf of SASRIA SOC Limited; countersigned at (date/place not provided)
Sasria SOC Limited
Executive Manager
Agent/UMA