What’s the difference between Direct insurance VS Broker? Well I am going to run through a few differences for you. People have their preferences but it is nice to have a choice. Firstly, the most obvious difference is that with a direct insurance company you handle everything yourself. Whereas with a broker, they will handle… Continue reading Difference – Direct insurance VS Broker
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What to look for when shopping for short term insurance
What to look for when shopping for short term insurance (household or vehicle) has always been unfamiliar territory for a lot of people, especially with the younger generation. Obviously older people have experience on their side because they would have learnt a lot of life lessons and information over the years. One thing you should… Continue reading What to look for when shopping for short term insurance
What is a No Claim Bonus?
They call it a no claim bonus but it’s not an annual bonus that you get back in a lump sum. It’s basically a discount on your premiums. The more high risk you are the more you pay monthly. This is so that the insurance companies can cover the risk. If you are a low… Continue reading What is a No Claim Bonus?
What is Third Party Fire and Theft Cover?
Third Party Fire and Theft is the second type of insurance cover. The other two types of cover are Full Comprehensive Cover and Third Party Cover. Third Party Fire and Theft cover is a bit cheaper that full comprehensive cover obviously because it covers you for less. On third Party Fire and Theft cover you… Continue reading What is Third Party Fire and Theft Cover?
Short term Insurance terms you should know about
Here are some insurance terms you should know about and what they mean. Short term insurance terms: Excess – The excess on your policy the basically first payment due on the repairs of your vehicle. It is your responsibility to pay the excess. Usually you would pay the excess to the repairer that fixes your vehicle… Continue reading Short term Insurance terms you should know about
What is Third Party Cover?
Third party cover is the third type of insurance cover. The other 2 would be full comprehensive cover and third party fire and theft cover. Third party cover basically only covers you for the third parties damages should you be involved in and accident and proved to be your fault. It is a good type… Continue reading What is Third Party Cover?
What to do in the event of an accident
A lot of people that I have run into over the years still do not know what to do in the event of a vehicle accident. Here I am going to go over the basics of what should be done when you have a vehicle accident. Please remember that depending on the severity of the… Continue reading What to do in the event of an accident
Why do people pay excess?
Why do I have to pay an excess if I was not at fault? The main reason for an excess is so that the insurers can eliminate most of, or if not all of, the minor or small claims. If you have an accident and the damage is say R500. To submit a claim to… Continue reading Why do people pay excess?
What is Full Comprehensive Insurance?
To explain full comprehensive insurance I need to mention all the types of policies, there are 3. Full comprehensive Third party fire and theft And finally third party cover Full comprehensive insurance is the first type of insurance. It covers your vehicle for basically any type of damage. The only things that are not covered… Continue reading What is Full Comprehensive Insurance?
Benefits of a Retirement Annuity
Many people ask why they should take out a retirement annuity. Well I’m going to give you a few reasons why you should. According to a survey done on working people who have reached the retirement age of 65, 47% are dependent on relatives; 31% are forced to continue working or take up second careers;… Continue reading Benefits of a Retirement Annuity