Understanding Policy Exclusions and Limitations in South African Insurance
Tag: Personal Insurance
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Understanding Policy Exclusions and Limitations in South African Insurance
Insurance is a cornerstone of financial protection, helping individuals and businesses recover from unforeseen events. But many policyholders face unexpected claim rejections due to policy exclusions and limitations they weren’t aware of. In South Africa’s evolving insurance landscape, understanding what your policy does not cover is just as important as knowing what it does. What…
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What to Do If the Wrong Fuel Is Put in Your Car and How to Claim
Accidentally using the wrong fuel in your car is a common yet costly mistake that can lead to significant engine damage. In South Africa, misfuelling incidents cost motorists millions of rands annually, with repair costs averaging around R9,700 and, in extreme cases, exceeding R100,000. Here’s a comprehensive guide on what to do if this happens…
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Understanding Coverage for Electric Vehicles: A New Frontier in Insurance
Electric vehicles (EVs) are rapidly gaining popularity, with more South African consumers viewing them as viable alternatives to traditional cars. A recent survey by PwC highlights the growing interest in hybrid and electric vehicles, spurred by the steady decline in prices. The National Association of Automobile Manufacturers of South Africa (NAAMSA) also reported a striking…
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The Importance of Personal Accident Insurance
What is Personal Accident Insurance? Personal Accident Insurance provides financial coverage in the event of an accident resulting in injury, disability, or death. Unlike life insurance, which primarily covers the policyholder’s death, Personal Accident Insurance focuses on accidents that cause bodily harm. This type of insurance is designed to help individuals and their families cope…
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Understanding Winter Insurance Claims: What’s Covered and What’s Not?
As South Africans, we’re all too familiar with the harsh realities of our environment. This past month has been a stark reminder, as at least two tornadoes were recorded in the north of Durban, hail in Umhlanga, snow in the Northern Cape, and heavy rains and strong winds in the Western and Eastern Cape as…