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    15Apr, 2009
    Valuables in your home?

    Our NEWSLETTERS aim at keeping our clients well informed and does not

    replace any policy wording or policy schedule.

    Look at the following points as these can make a BIG difference in your insurance experience, especially in the event of a claim.
    HOUSE CONTENTS SECTION

    “That old ring?   I didn’t know it was worth that much.” 

    Get valuation certificates for all your jewellery / gemstones which exceed the value of R5000. You will have to present these to the insurer in the event of a claim. Without these documents, a limit of R5000 can be put on the item.   You might be very surprised to find that old piece of jewellery to be worth a fortune and that can be the reason your house contents to be totally under insured.
    You are welcome to send us the copies of the valuation certificates for safekeeping.
    SAFETY REQUIREMENT

    “I just went to the cafe”
    Don’t forget to activate your alarm each time when leaving your premises.  This will be a condition for all that has an alarm requirement on their policies.  Failing to do so will cancel theft and burglary cover.
    CLAIMS RECORD

    “I never claim”

    Submitting small claims often can also result in your premium being increased.  You will be classified as a high frequency claimant.  The insurer has to provide for the big losses that might with a portion of your premium and cannot do so if every-one submits small claims constantly.  

    VEHICLE SECTION

    “It’s just a toy.”

    Quad Bikes have to be registered with the traffic department. A special document is issued which will waiver licence fees.

    SAFETY REQUIREMENTS VSS immobiliser means an immobiliser most new vehicle have which was fitted at the factory;VESA 4 immobiliser refers to an immobiliser which was fitted afterwards.
    HOUSE CONSTRUCTION

    “My house is my most valued possession.  I won’t be able to start all over again if something should happen to it”

    The premium on this section is very affordable.  Don’t be tempted to under-insure your house.  Rebuilding after storm damage or a fire can be costly.

    Take the size of your house and multiply with building cost, and add cost of paving, gates, walls, swimming pool….
    ALL RISK SECTION The all risk section is often incorrectly thought of as “Covering all types of risk”.  This name of this section comes from:  Covering risk away from the risk address. In other words:  Cover away from your home.   This it the section to take cover for cell phones; laptops; bicycles; camping equipment, camera’s,  hearing aids, jewellery  etc.
    ADDRESS The premium is linked to the risk and therefore one should change your policy when moving.

    Informed clients are happy clients ! 

     

    5Apr, 2009
    Political / riot cover

    SASRIA – Commonly known as political and riot cover.  We strongly recommend that all policyholders add this most affordable cover to their policies.

    It actually covers much more that expected.  Risk types conventional insurers are unable or reluctant to cover can be placed with SASRIA.  Examples: damages arising from civil unrest, terrorism and labour actions, strikes, lockouts, etc.

    [vc_icon icon_fontawesome=”fa fa-comment” background_style=”boxed rounded rounded-less” size=”lg” background_color=”custom” custom_background_color=”#ffd500″ align=”left”]Check your policy schedule.  Normally one would see a small premium separately indicated as SASRIA. Contact your broker if you are not sure whether you enjoy this cover.

    2Dec, 2008
    What is an “EXCESS”

    The premium payable by the client, is determined according to the risk the Insurer will have to carry on behalf of that client.  

    In order to lower the premium the insurer needs to lower the risk they carry.  This is done by letting the client carry a small portion of the risk themselves.  This small portion is generally known as the “EXCESS”

    The excess amount, which will be indicated on every policy schedule, represents the portion of risk that the client carries and is responsible for. 

    Taking off the excess completely and instructing the insurer to carry the total risk is possible in some cases but this will be accompanied by an increase in premium. 

    As the ‘excess’ represent the portion of risk the client carries, it will be payable in the event of a claim whether the loss was caused by the client or not.   In the case of vehicle damages caused by a third party, the insurer tries to recover the excess for their clients up to the point where it might become to costly to do so. 

    The successful recovery of the excess helps lower the risk carried by the client and also by the insurer.  In some cases it is impossible to achieve.

    [vc_icon icon_fontawesome=”fa fa-comment” background_style=”boxed rounded rounded-less” size=”lg” background_color=”custom” custom_background_color=”#ffd500″ align=”left”]Take down all details of the other party: registration nr, name, address, Id nr, and contact telephone nr.   If some-one outside your vehicle saw the accident happen, ask them to act as your witness.  Take down all their details and ask that they give a written statement of what they saw.

    And ALWAYS notify us / the insurer of the claim immediately.

    11Nov, 2008
    Tips for newly weds

    [vc_icon icon_fontawesome=”fa fa-comment” background_style=”boxed rounded rounded-less” size=”lg” background_color=”custom” custom_background_color=”#ffd500″ align=”left”]We are all filled with joy when two people find a lifelong partner and friend and take that matrimonial plunge.

    We would like to contribute to the smooth transition of your financial planning from being single to being married.   Therefore we offer a few hints for the newly-weds:

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