A lot of people are scammed by unregistered funeral service providers. To ensure that you don’t fall prey, we spoke to Prudence Thepi, general manager at Old Mutual and the Financial Sector Conduct Authority (FSCA) on how you can avoid funeral insurance scams.Read More
Owning a car comes with many expenses. Forget that you're already paying hefty monthly instalments and maintenance fees. You still have to think about how much you need to pay to protect your car in case of an event. Luckily with everything in life, there is always an easier and cheaper way of doing things. We asked car insurance experts to give you tips on how to pay as little as you can on car insurance.
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.Read More
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.Read More
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.Read More
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?
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.Read More
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.
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.Read More
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.Read More