Tag Archives | Short-term insurance

Check your policy before car-pooling

With the petrol price increasing for the fourth time in 2012 by 28 cents per litre this week, to reach another record high, many motorists may consider forming a car pooling group in an effort to reduce costs associated with daily travelling. However, they could be placing themselves at risk of a motor insurance claim [...]

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Annual motor valuation may reduce insurance premiums

Many consumers may unknowingly be paying more than they should for their motor vehicle insurance – often one of their biggest short-term insurance payments – due to a failure to assess the value of their motor vehicle when it comes time for annual motor insurance policy renewals. This is according to Christelle Fourie, Managing Director [...]

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Guest house and B&B owners encouraged to evaluate business risks during profitable ‘long weekend’ month

According to the Tourism Ministry, domestic tourism comprises of 70% of the tourism value in SA. April is particularly a profitable month for businesses in the hospitality and leisure industry as South Africans take advantage of the public, religious and school holidays and flock to various holiday destinations. Hospitality business owners should use this month [...]

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Car insurance: pertinent advice for 2012

As another year starts and most household budgets shrink even further, monthly car insurance payments routinely come up for review. While revisiting car insurance on an annual basis is the correct thing to do, Gari Dombo, Managing Director, Alexander Forbes, Insurance says “the annual household insurance review should also establish checks to ensure that insurance [...]

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Car jamming – who pays

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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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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