Insurance Articles

  • NO WILL? THE LAW WILL CHOOSE WHO INHERITS YOUR ASSETS

    2018-05-14

    Dying without a will, otherwise known as intestacy, is common in South Africa. This is a big mistake as the possessions of the deceased may then be distributed against their wishes. We invited Hanneke Farrand, head of private clients department at ENSafrica, to explain how your possessions are distributed when you die intestate.

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  • THE PRICE YOU PAY FOR LYING TO YOUR INSURER

    2018-05-11

    A third of insurance claims have an element of dishonesty according to the South African Insurance Association (SAIA). This happens even though insurance is based on the principle of utmost good faith. 

    Have you ever thought about the consequences of presenting false information to your insurer?  

    According to the insurance industry experts, insurers take two actions in the case of misrepresentation: voidance and cancellation.

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  • AESTHETIC CARS ATTRACT HIGHER PREMIUMS

    2018-05-11

    While an expensive, high-performance car like a Ferrari or Aston Martin is a dream come true for some, it can have a negative impact on your insurance premiums.

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  • CAR LOAN OR HOME LOAN - WHICH ONE SHOULD YOU TAKE FIRST?

    2018-05-07

    Let’s admit it, having your own wheels gives you the freedom to travel wherever you want, whenever you want.  You don’t have to stand in queues, waiting for public transport. You don’t have to deal with taxi drivers. And you certainly don’t have to mingle with fellow commuters you barely even know. You just pick up your keys and drive to where your heart takes you. 

    This freedom is the reason some people have prioritised a car loan over a home loan. But is this a wise move?

     

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  • WHAT YOU SHOULD KNOW WHEN BUYING CAR INSURANCE

    2018-05-07

    Buying a car may be a huge achievement, but it comes with many responsibilities. One of those is ensuring that the car is protected in the event of theft, fire or anything that may damage it. That is why you need to start shopping around for insurance. Wynand van Vuuren, head of legal and claims at King Price, says there are six important things you need to know when buying car insurance.

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  • PSSSST! HERE IS AN EASY AND CHEAPER WAY TO PROTECT YOUR BOND

    2018-04-05

    You have finally saved for the deposit of your dream home. You have spotted the house you want to buy. You have all the required documents. You head to the bank and you know you qualify for a home loan. But the consultant asks if you have life insurance.

    Here is why.

     

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  • HOW MUCH YOU SPEND ON YOUR INSURANCE DEPENDS ON YOUR GOALS

    2018-02-22

    A survey by Statistics South Africa shows that South Africans spend 8.9 percent of their monthly expenditure on insurance.  However, there are still people who overspend on their insurance.

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  • YOU CAN GET A CRIMINAL RECORD FROM DRINKING ONE BEER

    2018-02-22

    Many people land in jail because they are not aware of the legal limits of alcohol. Unfortunately, even a single glass of beer is enough to get you a criminal record.

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  • GENDER AND LIFE INSURANCE

    2018-02-13

    Past claims, not gender, are the cause of the differentiated premiums. In 2012, the European Court of Justice issued a gender directive, prohibiting insurance companies from using gender as a risk ranking factor when applying for an insurance policy. According to Petrie Marx, an actuary at Sanlam, gender is still an important factor to take into account when determining premiums for an insurance policy in South Africa, especially for life covers. This criterion has particularly favoured women. Because of their longer life expectancy compared to men, South African women still pay lower premiums for life insurance.

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  • 3 FAST FACTS ABOUT TRANSFERRING YOUR MOTOR WARRANTY POLICY

    2018-02-13

    When selling your old car, one thing that races through your mind is the transferability of your extended car warranty cover. After all, it increases the price and demand for your car. Liza Harmse, Head of Risk Finance at Mutual & Federal Risk Financing (MFRF), gets you up to speed with what you need to know about transferring your motor warranty policy to a new owner.

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Total Articles: 91