King Price Buildings Cover Fixed Excess Not Making Sense

Firstly I have been with King Price car insurance for my 4x4 bakkie and they have been nothing short of great. However, their Home Insurance is something very different, hence the low rating, which is specifically for their Buildings Insurance. I recently requested a quote for one of my properties, which has both a borehole and a swimming pool. They claim that their Buildings Cover includes swimming pool equipment but there is a catch! Unlike other companies like Dial Direct (which the property is currently insured with), King Price has the exact same Excess of R5 500 for everything. R5 500 for a swimming pool pump is more than double its value. This means that the swimming pool pump is equal to being uninsured if one will have to pay double its value if it happens to be ******. I honestly don't see any sense for someone to pay an excess of R5 500 to replace a pool pump that costs R2 499.