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How Well Do You Know Your Insurance Policy?

Did you know: General

  • Over a certain age, insurers will waive your excesses
  • Certain insurers offer free evaluations on your home and contents – which could help protect you against under insurance

Did you know: Home

  • Should your home become damaged and uninhabitable, you could be covered to rent alternative accommodation for up to 2 years while your home is being rebuilt
  • Alterations and additions to your home can be covered – subject to terms and conditions
  • You can protect you home with security guards (at the insurer’s cost) after suffering damage from an insurable invent like a fire

Did you know: Contents

  • Certain insurers will cover personal belongings, up to the value of R250 000, anywhere in the world
  • If your sporting equipment is specified, it will be covered even when used during sporting events
  • The contents of your freezer will be covered should an unforeseen event occur
  • Some insurers will cover you for veterinary costs should your pet be injured in a road accident
  • Content for businesses run from home can be automatically included under your standard cover

Did you know: Motor

  • Your vehicle is only insured within the territorial limits stated on your schedule. These may include Botswana Lesotho, Swaziland, Namibia, Mozambique, Zimbabwe, Tanzania, Malawi, Kenya, Uganda and Zambia
  • Some insurers will pay you out for a new vehicle, if your vehicle is stolen or written and its less than 2 years old
  • Should your vehicle become damaged and not useable on your journey, you and your passengers could be put up in a hotel or BnB
  • You can replace your windshield without paying an excess if you use certain glass
  • If your motor vehicle is damaged, you may choose a repairer of your choice
  • You’re rewarded for driving safely with a no claim bonus agreement.  Should you not claim within a 12-month period, you’ll be rewarded through adjustments to your premium
  • Motor vehicle keys are becoming very expensive as they are coded. Some insurers will cover the full cost to replace your lost or stolen key – not just part thereof.

Feel free to give Melissa a call on 044 382 0550 should you need help understanding the tricky terms and clauses in your home, car or business policies.

* This article is provided for informational purposes only and should not be construed as legal or financial advice. 

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