While the concept of underinsurance is usually associated with low income earners, there are an increasing number of risks faced by wealthier South Africans that they are failing to insure for, resulting in potential losses running into hundreds of thousands of rand. That is the view of Dawie Loots, Chief Executive Officer (CEO) of MUA […]
Tag ArchivesShort-term insurance
How third-party motor insurance works
Approximately only a third of the vehicles on the South African roads are currently insured, according to the Automobile Association of South Africa (AA). This poses a huge risk to those motor vehicle owners who only have a third-party motor insurance policy in place because there is about a 65% chance that they will not […]
Avis partners with Discovery Insure to launch SafeDrive
Available to all Avis Rent a Car customers at 10 locations nationally from 31 July 2017, the Avis SafeDrive app is uniquely integrated with Discovery Insure’s breakthrough telematics technology and its behavioural app-based programme, proven to help make South African roads safer. (more…)
How to avoid underinsurance
Your home is likely to be your most substantial financial investment. It’s also the absolute cornerstone of your lifestyle and family – it’s your security, your happy place, your stability, your castle. That’s why insuring it correctly is so important. (more…)
Four ways to save on insurance
By Luzanne Wait, Short-term Insurance Adviser at PSG Jeffrey’s Bay. (more…)
Insurance considerations for owning a drone
Drones, formally known as unmanned aerial vehicles or remotely piloted aircraft systems, have gained significant commercial momentum over the past few years. While these aerial vehicles come at an expensive price, many people now buy one as a toy or it forms part of a hobby. People who own a drone need to ensure that […]
What you need to know about event liability cover
The advent of the Safety at Sports and Recreational Events Act (SASREA) firmly places the responsibility on all parties involved to ensure safety at events. According to Steve Levitt of insurance brokerage and risk consultants, Aon South Africa, the distinction between who is responsible is blurred and he believes that all parties should have their own […]
Cutting insurance in tough times will never justify recovery costs
In tough economic climates – such as the recession South Africa finds itself in at the moment – households and small business owners may be tempted to reduce their short-term insurance, but the short-term savings may not justify the long-term cost of recovery in the event of a natural disaster. (more…)
