Understanding your Short-Term Insurance premium increase
A premium is an amount you pay an insurer for insurance coverage. Your insurance premium will change each time your policy is renewed, even if your personal circumstances have not changed. Premiums are affected by various factors including the cost of parts and labour, inflation, global warming causing extreme weather conditions and loadshedding. Premium increases […]
Important points to remember when you are in an accident involving a third party.
If you find yourself in this situation, don’t panic. Contact one of our risk advisors here to ensure that you are sufficiently covered in the unforeseen event of a third-party claim. . Although all possible care was taken in the drafting of this document, the factual correctness of the information contained herein cannot be guaranteed. This document […]
You may be charged an excess amount when you lodge an insurance claim
Make sure that you are financially prepared Did you know that insurers apply excesses to minimise claims for small losses? This is because the small losses incurred by most customers lead to high administrative costs, which would make insurance premiums unaffordable for everyone. In short, insurance can make the consequences of an unforeseeable loss more […]
SASRIA rates are increasing but we remain constant!
During the July riots of 2021 in KwaZulu-Natal and other parts of South Africa, wide-spread destruction of property meant that SASRIA had to pay out a very large amount of money in insurance coverage to affected businesses. This has led SASRIA to increase their rates from the 1st of February 2022. These increases particularly affect […]