Car insurance is essentially a contract in which an insurance company assumes financial responsibility for any loss the insured may incur through damage or theft to his/her vehicle. The bottom line is that you must read your policy and the schedule and make sure that you clearly understand the terminology, terms and conditions, and any exclusion clauses.
Car insurance cover is essentially a contract in which an insurance company assumes financial responsibility for any loss the insured may incur through damage or theft to his/her vehicle. The bottom line is that you should always read your car insurance policy and schedule, and make sure that you clearly understand the terminology, terms and conditions as well as any exclusion clauses.
Golden rules of car insurance are:
It is important to understand why you are paying a specific premium to insure your car. When your car is stolen, damaged or written off in an accident, the insurance provider will pay out an amount based on a variety of values that are determined beforehand.
These factors include:
In the market for car insurance cover? Get a quote now from Moneyshop.co.za and protect yourself financially should something happen to your vehicle.
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