• Insurance Terms & Phrases
    ABANDONEMENT/ABSCONDENCE When you simply abandon or rent/hire out a vehicle or sell a vehicle without having received the money for it or when you simply lend out the vehicle and the other party runs off or disappears with the vehicle-the willing giving up by an Insured of property when a total loss is claimed. Note that this is NOT covered by Insurance, so make sure you NEVER get into a situation like this. … Read More
  • Top tips when choosing an independent advisor
    Let’s face it – most of us don’t have the knowledge or experience necessary to navigate the minefield of financial planning, particularly when it comes to risk insurance products such as critical illness, disability, life and income protection. Even for the more financially savvy, it can be a minefield to try to navigate the interaction of complex financial products. So unless you’re willing to risk your financial future, there are few better suited … Read More
  • How does your insurer fare come claim time?
    Here’s a cautionary tale for those contemplating trading in their sedans for an SUV  particularly a 4×4. It may be just the vehicles image you fancy, and you dont have any intention of taking it bundu-bashing, but expect to pay a relatively high insurance premium anyway. Short-term insurance is a highly competitive industry, each of the players trying hard to convince consumers that it provides the best-value premiums and that it’ll look … Read More
  • Insurance premiums will escalate says leading insurer
    Consumers will have to tighten their already taut belts in 2014 as insurance premiums are set to increase. This is according to Leon Vermaak, CEO of Auto & General Insurance. Vermaak says that South Africa’s weakening currency, the number of recent local natural disasters and the increase in vehicle accidents are the reasons behind the rate increases. He explains: “Auto & General, like all short-term insurance companies, insure their clients against the risk … Read More

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