The Road Accident Fund is a social security Fund that provides compensation to all drivers of motor vehicles in South Africa in respect of liability incurred or damage caused as a result of a traffic collision. Liability incurred in relation to property damage (such as damage to vehicles, buildings, vehicle contents) is excluded from cover. The Road Accident Fund operates a system whereby the claimant is assigned a percentage of responsibility for the accident, and the Road Accident Fund pays the claimant a percentage of a full settlement based on a percentage that was not deemed to be their responsibility. Insurance premiums are collected by the Road Accident Fund through a levy on motor vehicle fuel.
Contact Us On: 087 082 1 111
Industry
Government Administration, Agencies, Brokerages, and Other Insurance Related Activities, Finance and Insurance
HQ Location
420 Witch Hazel Ave
Centurion
Pretoria, Gauteng 0081, ZA
Keywords
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