Imagine guaranteed 20% cash back on your insurance premiums if you do not claim in two years? This is assured at short-term insurer CashOut Surance, situated at Wernhil Park that provides insurance cover for loss of and/or damage to personal belongings in the event of perils and theft. “We are the first insurer in Namibia to offer a 20% cash back,” says Prosperity Insurance Managing Director Wally Jacobs. “We are also the first to be situated in a shopping centre.”

Wally Jacobs

CashOut Surance, a product underwritten by Prosperity Insurance Limited which was registered at Namfisa in 2006, is the only locally registered short term insurer that is 100% Namibian owned.
Jacobs says in June this year the company’s first cash back payments will be made and estimates the figure involved at around N$1.5 million.
With such products as the CashOut Surance property cover, it offers protection for insured events to residential immovable properties such as houses, buildings, outbuildings, fences, roofs, swimming pools, underground pipes and cables. This cover also includes damages to geysers, swimming pool pump, and sauna and spa bath.
CashOut Surance is also available to cover mechanical breakdown of machinery such as motorised gates and garage doors electric motors.
Its motor cover provides comprehensive cover for vehicles in Namibia, South Africa, Botswana, Swaziland, Mozambique, Malawi and Zimbabwe, naturally including all private vehicle types up to 3500 kg. Caravans, trailers, horse boxes and motor cycles can also be insured on a comprehensive basis. In addition private type vehicles can also be insured for business use.
CashOut Surance’s worldwide all risk cover provides cover to personal belongings such as clothing and personal effects. Personal belongings such as clothing are generally unspecified but limited in value and it also offers cover for items such as reading glasses, sun glasses, watches, rings, jewellery and handbags, to name a few.