Most insurance policies do not pay for theft from vehicles unless there is evidence of forced or violent entry. The silver lining though is that some insurers will cover losses resulting from the use of jamming devices. Given fierce competition in the South African insurance market this may herald an industry-wide shift towards the inclusion [...]
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Flooding claims can be seamless
The recent flooding disaster in January in and around Hoedspruit, located in the Limpopo region, after 300mm of rainfall was recorded over a 48 hour period, has resulted in a humanitarian crisis, but also millions of Rands of damage to both commercial and residential property in the region. In recognition of this crisis and in [...]
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Car jamming has insurance implications
Vehicle owners are being hit hard with thefts of valuables from parked cars as car jamming gangs targets shopping centres and schools in the northern suburbs. A report on the front page of the Star newspaper today (25 Jan) says a dramatic shootout unfolded at Bryanston Parallel Medium Primary School between police officers and a [...]
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Double click on terms and conditions before insuring online
Santam, South Africa’s largest short-term insurance company, urges customers to do their own research before opting for online insurance ‘one-stop’ shops that offer cheap insurance products, such as aggregators. The company warned today that whilst it understood the attraction to Aggregators, especially in today’s Internet-aware environment, convenience and price alone should not be the only [...]
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Managing risk in SA’s biggest agricultural sector
Poultry is the largest single component (by turnover) of the South African agricultural sector, accounting for 23% of all agricultural production and 45% of the approximately R30 billion derived from animal products. Poultry consumption per capita has increased annually for the last decade reaching an average of 33kg of poultry and 8.5 kg of eggs [...]
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Arrive safely
Safety tips from iWYZE valuables insurance At this time of year, with so many of us on the roads, the chance of being involved in an accident increases – and we are all at risk. Taking these simple precautions before you get behind the wheel will help to ensure that you arrive safely at your [...]
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Protect your valuables during the festive season
For tens of thousands of South Africans the festive season means going on holiday and going on holiday entails leaving behind many of your valuables while perhaps lugging some of them along with you. Either way, the risk of loss increases during this season. So before you leave town, consider if you need to [...]
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Short-term insurance – it helps to know what you are signing up for
By Willem Smith, CE of iWYZE valuables insurance Short term insurance exists to help you protect what is most valuable to you. By insuring your valuables, you ensure that you will not suffer financially for the loss of the items you have worked hard get. However, too often we overlook the fine print and terms [...]
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Who pays when the wrong fuel damages your vehicle?
Known in the fuel industry as cocktails, inadvertently adding the wrong fuel to your tank can cause damage to your vehicle’s engine. You should notice the problem early by the vehicles change in performance and then immediately report the problem to the fuel retailer. In most cases the incorrect fuel can simply be drained and [...]
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Latest Issue - 31 January 2012
In This Issue:
- Prospects for 2012
- New Retirement Thinking?
- Reasons to be concerned about Europe
- Short-term insurance survey
Newsletters
Newsletter 16 February 2012: Investing in uncertain times
In today’s newsletter we share some strategies investors can follow when investing in uncertain times. Uncertain times require a focus on the basics By Nic Andrew, head, Nedgroup Investments Negative news headlines, enormously complex macro-economic issues, extreme market volatility and often contradictory comments from the experts… There are an almost overwhelming number of factors influencing [...]
