Vehicle theft a growing pain in South Africa
A significant spike in hijackings has led to vehicle tracking devices increasingly becoming more mandatory for insurance purposes in South Africa. Some insurers require an additional (second) tracking unit in certain vehicles. According to recent data from Tracker, keyless remote entry/access has been reported as one of the most common forms of vehicle theft. The […]
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 […]
The rainy season is here- here’s our top tips for road safety
Don’t let the drizzle make your insurance fizzle After the scare of the impending “Day Zero” in 2018-19, we have learned to appreciate every drop of rain that falls in the winter months, but while rain may bring a sigh of relief, drivers should be aware of the dangers of wet roads and what they […]
Get a better chance at a successful claim
Tips to make a successful claim There are a few things that you can do that will improve your chances of a successful claim. Some of these tips below may seem obvious, but they contribute to a surprisingly high number of failed claims: 1. Always ensure that your premium payments are up to date Stop […]
5 Ways to ensure that you are not underinsured (or overinsured)
Underinsurance and overinsurance can severely impact your overhead expenses Underinsurance is a common occurrence for many businesses who do not take the necessary time to reassess their insurance policies regularly. Here are a few ways to ensure that you are insured for the right amount and don’t end up disappointed if you do have to […]
Tariffs increasing, yet Sasria remains the only option for insurance against riots
The insurance industry was recently shocked by the announcement that the South African Special Risk Insurance Association (Sasria) are due to drastically increase their rates from 1 February 2022. According to Sasria they were forced to review their rates after the July 2021 riots. These drastic rate increases pose a big challenge as they will […]