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Consumers: Investment » Directory
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Ombudsman for Long-Term Insurance
| Tel: +27 21 657 5000 |
| Fax: +27 21 674 0951 |
Address:
Third Floor,
Sanclare Building,
21 Dreyer Street,
Claremont,
Cape Town, 7700 |
Postbox:
Private Bag X45,
Claremont,
Cape Town, 7735 |
Scope:
Western Cape. |
The mission of the Ombudsman for Long-term Insurance is to mediate in disputes between the subscribing members of the industry and policyholders. |
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From The Glossary » | Actual (cash) Value (AV): |
| | The sum of money that the insured property would have realized in cash, at the market price, at the time and place that it was destroyed or damaged by the hazard covered. It is taken to be the actual loss suffered at the time of the loss rather than at the time the policy was issued. | | More Definitions » |
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