Category Archives: Advice

Santam Insurance for Cell Phones

If you have a history of being careless with your expensive cell phones you will need insurance.  This insurance will ensure that you’re never out of communication with the rest of the world.

Of course the cell phones of 2018 have amazing features with expensive hardware. There are some cell phones that are extremely expensive. In fact, without insurance, you would never be able to replace it if it incurred damage or someone stole it.

Insurance policies for cell phones

Policies vary significantly and there are policies that cover you for –

  • accidental damage
  • loss
  • unauthorised calls
  • valuable content on your phone
  • cell phone accessories

 

Santam offers insurance for cell phones. Their cell phone insurance compensates you for loss or damage to items such as your cell phone which you take with you when you leave your home.

People trust Santam because this South African financial services group has been around since Insurance for Cell Phones from Santam1918 already. Millions of South Africans over the last century have insured their goods with Santam, South Africa’s biggest short-term insurer. Today they are still a leading leading general insurer in the country.

Santam provides a diverse range of general insurance products and services, one of which is cell phone insurance.  They have a multi-product and a multichannel distribution offering which is able to ensure clients have comprehensive cover through lots of value-added products.

Useful information on Cell Phone Insurance

On Santam’s website you’ll see they offer useful information on the products they insure. They offer advise and tips on how best to get cell phone insurance. When it comes to tablets and cell phones, Santam knows that these devices you very often carry them away from home.

You get a New Phone or Receive Cash

This means you’ll need an all-risks policy, They advise their clients to check whether they have device cover under their unspecified all-risk insurance. Cell phones will need to be insured for their replacement value, and your device will either be replaced with a new one or you are paid out the full replacement value.

Santam always advises you to check your policy for exclusions and requirements and to also bear in mind that there is an excess fee of R500 for cell phone claims.

Apart from comprehensive cover, Santam also offers Limited Cover which is cover for theft under your house contents for when your cell phone is stolen from your home. There is also SOS services included where you can get 6 free SOS services.

Cell Phone Accessories are also Covered

The financial services group wants to make sure that their customers have the right cover for their cell phones. They cover your smart phone as well as those necessary accessories such as head phones as well as power banks if they are specified in your home insurance policy.

Who can afford to pay full retail costs for a new cell phone when your has been stolen or damaged? Very few, and its why it’s worth talking to Santam about insuring your phone because then they will compensate you in the event of loss or damage. Request a quote from them for affordable cell phone insurance and peace of mind.

 

Please complete and submit the form on this page to get a cell phone insurance quote

 

 

Check Your Gutters – Make a Difference!

Gutters are more important than they may seem. These troughs divert rain runoff away from your house and prevent water from gathering at the foundation, which could cause serious problems.

If you notice water pooling near your home after a rain storm, that area may need gutters. When installing them, extend downspouts away from the house and, if possible, discharge water underground with PVC pipes to drain into the street.

Even better: if you can invest in a large plastic water container, you can direct the water from the roof into the container and use it to water your vegetable garden.

Clean Gutters

Clean and clear your gutters of debris regularly. If you notice that the gutter or downpipes are sagging or falling, you may need to replace the hardware that secures them to your home. LeGuttersaks can be repaired using a gutter sealant available at many hardware stores.

So, ensure your gutter system is effectively channeling water away from your home and keeping your foundation dry.

Aesthetic Appeal

There are not many ways you can easily upgrade the ‘look’ of your house at low cost. Yes, a lick of paint makes a huge difference. Another difference you can make is to get old gutters replaced with new aluminium guttering. This is a cheaper operation than you might imagine.

Simple tips like these can create a happier, healthier and more valuable home.

 

Get a home insurance quote on this page. Just complete and submit the form

 

 

Don’t let the big day leave you in debt*

The buds are in bloom and wedding season is in full swing. South African couples are taking advantage of the warmer weather to celebrate their commitments to one another. But while plenty of meticulous planning goes into the cake, the décor and the all-important guest list, many young couples fail to think beyond the big day itself. Debt may be looming.

According to a 2014-15 World Bank report, South Africans are the world’s biggest borrowers, and this is particularly true when it comes to matrimony, with many couples shelling out extravagant amounts for that perfect venue or highly sought-after photographer.

Caught in a Debt Trap

This can leave many a newly betrothed couple bogged down by debt during the initial stages of marriage, a situation that can be very difficult to escape from thanks to mounting inflation and the ever-present threat posed by currency exchange rates.

Trapped by Debt

But there is hope for couples looking to have their wedding cake and eat it. Turns out, teaming up with a partner has its benefits not only in life, but also for your bank account. Simply by pooling resources and consolidating assets, you and your partner can look to dial down the debt, particularly when it comes to insurance.

So how can you benefit from a more collaborative form of financing? Here are a few things to bear in mind before saying ‘I do’:

Insurance discounts

By registering yours and your partner’s assets under the same insurance policy, you can enjoy significant reductions in your monthly premiums. For instance, should you have two cars listed on an insurance plan rather than one, you can save over 25% on the cheaper premium, a discount that can represent a significant saving. Equally, by merging car and household contents insurance policies, you’ll be able to score similar discounts on the cheaper of the two.

Keep it current

Moving in together for the first time? Now that all your assets are under one roof, it’s important to ensure you list them under a single insurance plan, which could earn you significant premium reductions. It’s also vital that you update all relevant contact information and details of security arrangements, as the specifics of your new abode can have significant implications for your policy. For instance, if you’re moving from a free-standing home to a security complex, your lowered risk profile could mean reduced monthly premiums. So make sure all your information is up to date if you want to cut back on unnecessary expenses.

Think long-term

While envisioning an ending at the very start of a marriage might be difficult and unpleasant, it’s important that provision is made at the outset in the event of the death of either partner. Life insurance is a critical consideration for any married couple, as it can pay for funerals, estate taxes, settle debts, replace income, pay various expenses and provide a lump sum to cover living costs should circumstances require.

This becomes doubly important in the event that you’re looking to start a family, as it can provide a critical financial lifeline to children should either parent pass away.

While much emphasis is placed on the importance of the wedding day itself, it’s the days that follow that are most important for any married couple. As such, it’s vital that every marriage is entered into with eyes wide open, and with a keen understanding of the financial responsibilities and benefits that it entails.

* By: Nthabiseng Moloi, MiWay Head of Marketing & Brand at MiWay

MiWay is an Authorised Financial Services Provider (Licence no: 33970)

Why You Can’t Afford to be Underinsured

The recent storms in KwaZulu-Natal and Gauteng, the Krugersdorp tornado, the Knysna fires earlier this year – all these catastrophes serve as tragic reminders of the need to be properly insured.  Certainly, you should not be underinsured.

According to the executive mayor of the Knysna Municipality, Eleanore Bouw-Spies, 50% of the homes damaged by the wildfire were not insured.

With the continued threat of severe weather, one simply cannot afford to be underinsured or worse, uninsured

“Under-insurance occurs when there is a shortfall between the amount of cover selected and the actual replacement value of what is being insured. The replacement value of goods is what it would cost you, at the time of a claim, to replace all your belongings with similar brand new Do Not Be Underinsuredones,” says Graham Craggs, spokesperson for Budget Insurance.

To help ensure that you don’t find yourself underinsured for your home contents, Budget offers these easy and practical tips:

Don’t be Underinsured – Insurance Review Tips

  1. Review your policy at least once a year. Look at the amount you’re currently covered for and then follow steps two to nine.
  2. Out with the old, in with the new.  The replacement values of goods change over time so it is important to update your household inventory on a regular basis. That will ensure that any new items are included and to remove items that you no longer have. It doesn’t make sense to be paying to insure your old washing machine when you have just replaced it with a new one with a higher value.
  3. Update your home inventory. Once you know what’s come in and what’s gone out, you can update your inventory to ensure your current items are now reflected. Ask your insurer if they have an inventory list and use this to ensure you haven’t forgotten anything.
  4. Do some online pricing research or consult an expert.  This will help you determine the current replacement cost of items in your home. Make sure to be specific with the specs, especially when it comes to electronics, to ensure the prices you get are accurate. Remember that the replacement values of goods change over time so it’s important to keep these updated.
  5. Specialised items may need specialised cover. Certain items like stamp and coin collections, photographic equipment, antiques and paintings may require specific cover so check with your insurer what rules apply.
  6. Certain items require valuations. Ensure that you have valuations to prove the worth of jewellery and antiques in case of a claim.
  7. Update the value of your home contents.  Go through your inventory and update the values of each item. Then calculate your new home contents amount and notify your insurer.

Replacement Values

“Don’t underestimate the cost of replacing items to try and lower your monthly premiums because you could fall short if you ever need to make a claim. Similarly, avoid overestimating replacement values because this will result in you being over insured and you will be throwing money away unnecessarily every month,” concludes Craggs.

Liability Insurance Cover

You may never use liability insurance cover, but you shouldn’t live without it.

Liability insurance cover claims are like that. It doesn’t happen often, or may not happen ever, But if something happens and you do not have cover, it could cripple you and your family financially.

So, when cutting costs on insurance make sure that you don’t exclude liability insurance cover as the range of incidents for which you could find yourself coughing up are very broad, warns Gari Dombo, Managing Director, Alexander Forbes Insurance.

Examples of where you need liability insurance cover:

    • Your pet bites a friend’s child causing disfiguration or worse.
    • The gardener falls from a ladder becoming a paraplegic.
    • Your armed response company shoots and paralyses a neighbour while responding to your alarm. Most security contracts transfer legal liability to you.
    • Your child accidentally kills a visitor with your handgun.
    • You seriously injure a passenger during a motor accident.
    • You spill petrol while refuelling your boat and set other boats in the marina alight.
    • The building at your home creates dust damaging a neighbour’s expensive interior, or depriving them of the use of their property or business.
    • You cause a fire that burns down the house you are renting.
    • Your leaking septic tank contaminates a neighbour’s borehole water

Liability Insurance CoverHuge liabilities makes liability insurance cover essential

Liability awards arise from these sorts of everyday occurrences daily. They can be so huge you should buy the highest limits of cover that you can afford advises Dombo.

      • By way of illustration, consider the following awards recently made by South African courts:
      • The Road Accident Fund paid R10m to Harry Wessels, a 38-year old farmer who suffered severe brain damage following an accident.
      • Doctors Zambakides & Stepiene were sued for R33 million by the Nel family following their child’s brain damage.
      • A couple and their son had to pay R1,1m to a man who lost a leg. The son  (then under 16) who was using the couple’s gun without supervision, accidentally shot the man in the leg.
      • A vehicle accident victim who suffered permanent brain damage was, along with this father, awarded R10m, and R200 000 for medical expenses, from the Free State MEC for Public Works Roads & Transport.

Compared with these kinds of figures, paying as little as R20 a month for R10 million worth of liability insurance cover is actually quite cheap, says Dombo.

The liability sum insured includes defence costs. So, even if a court does not hold you liable, your liability insurance will still cover your legal fees. But you should seek direction from your insurer when you receive a written claim from the third party (or attorney) as your insurer has the right to conduct your defence, says Dombo.

* Watch a 60-second guide to General Liability Insurance Cover on YouTube

Correct Short Term Insurance Claim Procedure

Your short term insurance claim procedure may be for car, property, travel, business and medical insurance. It’s short term insurance because your insurance needs will change. You take out short term insurance for the period that you need it. It is useful for covering the financial risks to all your possessions.

Your short term insurance is flexible according to your circumstances, and it also caters to your changing needs. For the insured to be indemnified, they need to notify the insurer of the loss event so that the claims process can get going.

Short Term Insurance Claim Procedure – Get your Claim Filed

The notification of a claim is essential to the contract and, even if the policy did not contain any specific terms dealing with notification, the insured would have to notify the insured to initiate the claims process. So as soon as you have an accident in your car, get in touch with your vehicle insurance company so that they can help you with taking the necessary steps to get the claim filed.

Short Term Insurance Claim Procedure

There’s a correct way to go about claiming for short term insurance and the Ombudsman for Short-term Insurance sees many complaints related to claims. So the insurance company that makes claiming against your insurance policy easy is good. You should appreciate any company that supplies a streamlined claim service because of efficient, trained staff.

Short Term Insurance Claim Procedure – Fill in Forms Correctly

To ensure a smooth and satisfactory short-term insurance claim procedure, you must complete the forms correctly. Christelle Fourie who is a managing director of an insurance company says that if you don’t follow the correct procedures when you file a short-term insurance claim, it can cost you in terms of time and money. She offers some tips:

  • File your claim quickly while all the events are fresh in your memory.
  • Know what cover you have. Read your insurance policies and understand them.
  • Call your insurance company, even at the scene of the accident. They will walk you through the steps you need to take and advise you on what you need to send them.
  • Take photographs of the event such as a car accident and also write down details. That is so you can present your insurance provider with all the information they require. Always take down the particulars of the 3rd party involved as well such as their telephone number. You want to be able to reach them if you have questions you want answering.
  • Never admit liability.
  • Always report your car accident to the closest police station and do this as soon as possible.
  • Always be 100% honest with how the incident occurred. If you file a claim with inaccurate information, there will be delays and frustrations. File a claim the correct way – quickly and with the truthful information.

Correct Claims Procedures Deserves Fairness

Your insurance company will tell you whether you have a deductible to pay, and also how the claim will proceed. Your insurance company is there to represent you, and by following the right procedures with your insurance company, things can move quickly. When you’ve followed the correct processes, as a consumer you have the right to a fair claims settlement service.

To get a FREE household insurance quote just complete and send the form on this page. For life insurance quotes go here

Best Household Insurance in South Africa

When you think of all the household items you have in your home, you begin to worry how you could ever cope without them. There are television sets, TV aerials, computers, expensive leather furniture, weapons and jewellery kept in a safe. Then there are expensive fridges and stoves, washing machines and much more. If you’re looking for the best household insurance in South Africa, with research, you’ll find plenty of insurance companies who will happily provide you with a free quote.

Some possessions are Irreplaceable

The best household insurance will give you confidence because you are protecting all your possessions from burglaries, fire and floods. A home’s cover is reassuring. Because without this insurance, you could lose thousands upon thousands of Rands, and then some goods will be regarded as irreplaceable.

Best Household Insurance

Compare and Take the One that Suits You

There are comparison sites, which will offer you free quotes from some companies for you to compare. Then you can choose the provider offers the best fit for your home and your budget.  You can research policies from each of the various vendors. Then work out which one will be the best pick for your home and your budget.

So MANY things can go Wrong

When a person thinks carefully, you realise that theft isn’t the only reason why people insure their household goods. Floods may cause havoc with your property, and rising waters can destroy everything in your home. There are individuals in the Cape who have had baboons enter the home and cause extensive damage to curtains and carpets.

Best Household Insurance

Homeowner’s insurance covers everything that is immovable within the boundary of your property, while home contents insurance includes cover for loss or damage to all your possessions within your home. It will cover:

  • Loss or damage caused by flooding whether by your geyser, burst pipes or natural caused such as ongoing rain, fire, lightning or malicious damage.
  • Food that has deteriorated beyond being edible because of a power failure.

The best household insurance in South Africa is the one that covers both your house and its contents. You’ll find this kind of protection offered by a variety of insurance companies. The best part is that even if you are renting, home insurance will cover your possessions.

You’ve got Choices

Finding the best household insurance shouldn’t take loads of time. There are excellent home insurance sites which will help you compare insurance between the different providers. You’ll be able to look at household insurance from well known financial services providers. Some are Sanlam, Clientele, OutSurance, ABSA, Standard Bank, Old Mutual, Santam and others.

You’ll be able to find comparable quotes tailored precisely to your needs. You can apply for different quotes online, all under one website, saving you phoning- and driving around. Once you request quotes, an authorised financial services provider will call you back and finalise the details of the insurance you want.

To get a FREE home insurance quote, please complete and submit the form

SA Insurance Companies cover unexpected Events

SA insurance companies are service providers. They sell insurance products to protect you and your assets from damage, theft and other types of risk.

Different insurance companies tend to specialise in certain areas. For instance, some may only provide long term insurance.

Others may provide various short-term insurance policies, while a few may deal with only one type of short term insurance such as cheap car insurance.

Whatever type of insurance you are looking for, you will find a wealth of experience and knowledge to draw on in South Africa.

SA Insurance companies Guard against the Rife criminal element

SA Insurance CompaniesThere are numerous insurance companies in South Africa and they all fall under the supervision of the Financial Services Board (FSB).

The role of the FSB is to ensure that all these SA insurance companies are financially sound and treat their customers fairly. As in other countries, some insurance companies deal with long-term insurance and others in short term insurance.

Due to the high crime rate in South Africa, insurance against theft is an important product sold by insurance companies.

When taking out car insurance, it is always a good idea to make sure that your policy will cover you for a stolen vehicle. If you have valuable items in your house, then you would want to consider taking out a home contents policy.

There are also insurance companies which specialize in home contents insurance. Such a policy can cover your valuables against some risks such as theft, fire or flooding. Often if you have a bond on your home, your bank will offer to provide both the contents insurance and the building insurance.

List of car Insurance companies

There are many car insurance companies in South Africa. Below is a list containing the names of the better-known companies. All of them have a website, and you can usually get a quote by completing and submitting the form on their site.

1st For Women

AA Insurance

Absa idirect

AIG South Africa

Alexander Forbes Insurance

Auto & General Insurance company

BOE Insurance

Budget Car Insurance

Dial Direct Insurance

Guardrisk Insurance

Hippo Insurance

Hollard Insurance

King Price

MiWay Insurance

Momentum Insurance

Mutual and Federal Insurance

Outsurance

Santam

Virgin Insurance

Where to Find the lowest car Insurance quote

To find the cheapest car insurance available, it is often simpler to contact a car insurance broker via their website. They will then be able to send you an online insurance quote.

On this page, you can get a quote by completing the form. The company will then send you up to twelve SA insurance companies quotes from different insurance businesses which you can compare to see which one fits your needs the best.

Alternatively, you can contact any of the numerous short-term insurance companies listed above and ask them to send you a quote. It is highly recommended, however, that you obtain several insurance quotes and compare them with one another.

Make sure that the policy offered by the insurance companies from whom you receive quotes covers your current needs. It is not always necessary to take out the most comprehensive and expensive plan. Decide what your needs are, and select the cheapest policy that fits your requirements.

Complete and send the form to get a FREE short term insurance quote

PPS for Professionals as Defined Here

If you are a professional, then you cannot do better than PPS for professionals, an authorised financial services provider,

They are a membership owned company and their operating profits, as well as the profits they acquire from investment, are shared amongst its members.

PPS products and services add value for professionals, plus PPS offer tailor-made insurance, investment and healthcare products to their clients.

The Professional Provident Society is an exclusive society, with PPS for professionals being what traditional insurers are for their customers. They offer much more to their qualifying members.

PPS for Professionals and South African Insurance Companies

Definition of a ProfessionalWhen it comes to insurance for practitioners, PPS for professionals offers unique products in a way that both appeals and applies to industry professionals.

Compared with other South African insurers, like Miway insurance, Prime Meridian insurance and Regent Insurance, PPS for professionals offers high quality, value-for-money, innovative products to their members.

While the membership is primarily exclusively for those who have achieved academically, PPS for professionals also provides multiple access points to members.

Take a closer look at just what PPS is

PPS is an exclusive society and a multi-disciplinary group of South African professional graduates from every corner of the globe.

With PPS insurance, you enjoy a share in profits, while also receiving excellent benefits. The PPS insurance company offers you these accumulative benefits up to retirement and is held in your membership account.

More About PPS For Professionals

PPS is open only to graduating professionals, or to those people who already possess a four-year degree. It is also open to those who possess Honours, Masters and Doctorate qualifications. It is open to those who are studying towards these qualifications too, if, upon qualification, their profession is one that lends them to eligibility for membership.

Amongst businesses that qualify for PPS for professionals, coverage is Accounting, Architecture, Dentistry, Physiotherapy, Science, and Surgery, amongst others.

PPS Short Term Insurance

PPS for professionals has short term insurance that offers you a wide range of benefits. PPS Insurance South Africa offers you free 24/7 home assistance and roadside assistance. They also offer a free Asset Risk Survey on the contents of your home. All risk cover is another benefit, where you get covered for items that you take out of your home that end up across the world.

PPS MembershipPPS short term insurance is comprehensive, offering you as part of your Buildings Cover, unlimited geyser coverage, as well as accidental damage to TV and glass coverage, as part of your Home Contents cover. PPS for professionals is certainly an exclusive group of people, but this is part of their appeal. Also this is the key to the phenomenal success that they have enjoyed to date.

Complete and send the form to get a FREE short term insurance quote

* Commercial about PPS on YouTube

Short Term Car Insurance for South Africa

Short term car insurance is just one of the many types of the types of short term insurance policies on the market. If you get confused with what is the difference between long term insurance and short term insurance, then it is quite simple.

  • Long term insurance involves insuring actual people, such as when you take out a life insurance policy.
  • Short term insurance is a policy that covers anything else, for example when you insure a van, your house contents or your car. Although you might insure your home for a period of twenty years, it is still considered to be short term insurance. With short term insurance, as your needs change, you can change your short term insurance policies.

About cheap car insurance

The term cheap car insurance may give you the impression that your short term car insurance will only cover the bare minimum. This is not necessarily the case. As with everything in life, it is always best to shop around first. Buying short term car insurance is no different. Cheap car insurance is now available because it is a very competitive market.

Short Term Car InsuranceThere are over ten million vehicles on our roads in South Africa. Each one of these vehicles needs to be insured by one of the many car insurance companies. All of the insurance companies such as Auto & General are vying for your business, and therefore need to be competitive. That means they have to try and provide cheaper short term car insurance than the other car insurance companies.

How to get short term car insurance

When you are looking to take out short term car insurance you should contact various companies and ask for car insurance quotes. Generally all the insurance providers will have a website where you can get a quote by completing and submitting the form on the page.

The providers of short term car insurance base their car insurance quotes on the profile that you must provided to them. After they have confirmed that the facts received are correct they will send you their most competitive short term car insurance.

How to compare quotes

It is important that when you receive the various quotations that you carry out a car insurance comparison. The insurance quote calculated will be based on the profile that you have sent to the short term car insurance company. You need to compare car insurance quotes received against one another.

There are over one hundred companies supplying short term insurance in South Africa. It can therefore be quite difficult to know which one to select. Because of this you may want to use the services of an insurance broker.

Best Car Insurance for instance will take your profile and send you quotations for policies that they believe are most suited to you. It is then down to you to see which of the policies offered best suits your needs. For example some companies provide a car tracker service as part of their policy. The cost of this is in the quote and is likely to have increased the quoted amount. If your car is low value, or you live and work in a low crime area, then this additional cost is unnecessary.

Where to get van insurance

Most car insurance policies run for a period of a year. If you do not need car or van insurance for such a long period, then you can take out temporary car insurance.

For instance if you were in need of a van, perhaps to move house and you were able to borrow a van from a friend. In such a case you would want to take out temporary car insurance so that you are insured whilst driving the van. It is the same principle as when you rent a car from a car rental agency.

The insurance you are provided with does not cover a whole year, just the period for which you are renting the car. If you rent a van from Budget for instance, they will already have a company providing their temporary car insurance.

If you were to borrow a van from a friend, then he should contact his short term car insurance provider so that temporary insurance can be provided to you for the period that you will be driving the van.