Quote
A quote is a non-binding price estimate subject to underwriting confirmation.
- Also known as
- insurance quote
- premium estimate
Quote A quote is a non-binding price estimate subject to underwriting confirmation.
What is quote?
Indicative price for cover. As a King Price client you will see quote referenced on your policy schedule, in your claim documents, or in conversations with client care on 0860 50 50 50.
How quote works
quote is governed by the terms set out in the King Price Policy Document and the individual schedule issued for your policy. Your schedule always overrides the master wording where they differ, so the values, limits and conditions that apply to you appear there in plain English.
King Price reviews the application of quote at every renewal, and any change to your risk profile, address, vehicle, security or claims history is taken into account. The Treating clients Fairly framework requires this detail to be communicated clearly before any change takes effect.
Example
Mandla owns a freestanding home in Bloemfontein. Run a quote, compare, sign up. In this scenario, quote determines the practical outcome for the client. The exact numbers depend on the cover option, the excess on the schedule and the limits set out in the policy document.
Why quote matters
Understanding quote helps King Price clients make better decisions about cover. It affects the monthly premium, the payout at claim stage, and the steps required before and after an incident. Getting it right means no surprises at claim time.
King Price aims to make insurance great again with plain-English wording, transparent premiums and a direct relationship with clients. Clear terminology like quote is part of that promise.