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All staff members are specialists in either the investigation and/or negotiation process of third party recovery or liability claims.
Our services are utilised by Insurance companies, self-insured fleets and the uninsured man on the street.
We work on risk, therefore: No success, no fee.
Phetolo is the answer to the recovery of monies on behalf of local governments to repair infrastructure, damaged by accidents.
Phetolo is also the alternative to pay legal fees to have your loss recovered after an accident where you have not been the negligent party.
Statistics don’t lie. With over 800 000 annual accidents and 70% of vehicles not insured, can you really afford not to give us a call to see how we can assist?
Answer:
DO try to remain calm and assess the situation.
DON’T accept liability, even if you think you were the cause of the accident!
DO call an ambulance if somebody is seriously injured as well as the SAPS. Contact the SAPS especially if you suspect drunken driving or driving under the influence of any substance by the third party.
DON’T move the vehicles from the scene of the accident if there were serious injuries until the necessary measurements have been taken by the SAPS. If no injuries have been sustained, move the vehicles to avoid traffic congestion.
DO get hold of witnesses at the scene and make sure that you get contact detail from them. If possible keep them there until the SAPS arrive at the scene.
DO try to take photographs/videos of and on the scene of the accident.
DO make a note of the place where the accident occurred.
DO get as much information of the third party possible:
To download and print the accident form to be kept in your vehicle.
DON’T allow anybody to tow your vehicle. If insured, make sure that it’s towed by an authorized towing company and taken to a repairer and NOT their yard. Some towing companies charge exorbitant fees to release the vehicle once at their yard.
DO report the incident to the SAPS within 24 hours if they did not attend to the accident. Try to obtain a copy of the accident report.
DO make a written statement within 12 hours after the accident has happened.
DO inform your insurance of an accident even if your vehicle had not been damaged.
Answer:
He may. One avenue is using the Small Claims Court. www.justice.gov.za/scc/scc.htm. The limit of claims dealt with in the Small Claims Court is R20 000. Confirmation of the file being closed by his insurer must be obtained prior to proceeding with this action.
Answer:
No, he cannot. This is the part of the claim for which he has agreed to carry the loss. It is however, understandable that an Insured will want to recover this if he was the innocent party in the accident. For more information with regards to this matter, refer to Short Term Insurance Ombudsman website: www.osti.co.za
Answer:
No, the Insured may not do this. When instituting a claim with his Insurer, he subrogates his rights to the Insurer. The Insurer will endeavour to recover the entire amount from the guilty party, including the excess of the Insured. If this action is successful, the Insured will be compensated in due course. Any negotiations by the Insured may prejudice the rights of the Insurer and the Insurer can hold the Insured liable for all amounts paid towards the claim.
Answer:
Answer:
According to law, a third party claim prescribes after three years, unless legal action had been initiated. Phetolo endeavours to recover in as short a period as possible. We are however, dependant on the reaction and co-operation from the third party involved, whether an insurance company or individual. If a third party pays off the damage, it can take years.
The current ratio falls between 35% – 45% and we as a brand associates with this industry leading recovery success ratios.
At Phetolo we know the importance of receiving feedback and transparent and prompt real-time feedback through client access to Phetolo’s cloud based feedback system.
Our knowledgeable and skilled Recovery agents will negotiate the best settlement for you. However, if the need arises to litigate in court, Phetolo will manage this process as well. Phetolo is however successful in 95% of cases without having to take legal action.
This entails the negotiation of moneys due to a third party after an insured/driver caused damage to property. Negotiation will be done using the appropriate law and apportionment will be applied according to general accepted industry practice. A loss adjuster will be appointed, if the damage is extensive or if the need arises to establish a fair amount to be offered as settlement.
Our Fees are fully negotiable.
NB! We only earn commission on matters successfully finalised.
Making use of Phetolo’s services hold many direct and indirect benefits for clients:
What is VAT?
VAT is a tax added to the cost of a product or service and is levied for purposes of generating revenue for the government. VAT is often referred to as a tax on consumption of goods or services, and is levied on the supply by a vendor of goods or services in the course or furtherance of any enterprise carried on by a vendor.
The key definition underlying VAT are contained in section 1 of the Value-Added Tax Act No. 89 of 1991 (The Act).
Inputs and outputs
The term “input tax” and “output tax” are defined in section 1 of the Act. Put most simply, input tax is the tax that the vendor may claim back as a deduction from SARS, and output tax is the tax that a vendor levies on the supply of goods and services and which such vendor then pays over to SARS.
Why has the VAT option not been included in my settlement?
You would have received a tax invoice from the repairer/supplier. As a VAT vendor, you may now claim this as an input tax from SARS. Therefore all VAT which could be recovered or paid on this transaction has already been done.
Your specialist insurance claims recovery and liability outfit!
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