Insurance articles
Being caught in an accident without car insurance
Many South Africans don’t have car insurance, even if they regularly use the roads. Given the perceived expense, this seems reasonable – until they are involved in an accident.
Does personal car insurance cover commercial use?
Taking out car insurance is a responsible action. Depending on the cover you choose, you will protect both yourself and anyone involved in an accident with you. However, what happens if you use your car for commercial purposes?
What are your financial responsibilities in the funeral of your employee’s family?
When your in-home employee loses a loved one, your heart will go out to them, and you may feel compelled to contribute financially towards the costs of the funeral. However, this comes with a lot of uncertainty. How much should you contribute?
Does your business have cyber insurance? Here’s why it should
Imagine your business falls victim to a data breach today. All your clients, who trusted you with their personal information, are now at risk. This is a horrible reality that many businesses have to face nowadays. But did you know that you can g...
Can your insurance application be rejected because of your credit score?
A credit score is used by lenders to determine how likely it is that you will repay a loan on time. It is also a factor in interest rates and loan qualifications. But can it be used to determine the success of your insurance application?
Is travel insurance necessary for local trips?
Although travel insurance is often included when you purchase flight tickets with your credit card, experts will still advise you to take out additional travel insurance for big trips. However, is this necessary when you’re travelling locally?
This is why you should ask your medical scheme for an annual claims statement
Even with a strict budget, a lot can happen in a year and you may lose track of your medical expenses, especially the costs that you cover out-of-pocket. It’s important to regularly assess your medical aid or hospital plan contribution.
Is income protection available to everyone?
If you’re involved in an accident and you’re unable to continue working, how will you ensure that your bills are paid? One way to prepare for this is to take out income protection cover. However, can you do this if you’re a ...
How will your personal information be protected by your insurers?
POPI forces industries to reconsider how they handle client’s personal details. This is particularly good news for sensitive products, such as insurance. We find out what POPI is all about, and we see how your information will be protected.
Who should be the main member of your medical aid scheme?
Medical aid plans are designed to accommodate families. But if you have two adults on the same medical aid plan, how can you decide who should be the main member?
The impact of mental health on life cover premiums
When taking out life cover, your insurer will consider a range of factors when calculating your premium, including your health. But where does mental health stand in this regard?
You may be paying for credit life cover – and you’re entitled to use it
When you signed your credit agreement, you may have also signed up for credit life cover. Since this forms part of the credit agreement itself, many people are unaware that they have this insurance.