Insurance is an important way to provide cover against various risks. It may be offered in the form of car, home, building business, health or even cell phone insurance, among other types.
When you are getting an insurance quote, it’s important to consider these factors:
- How long the quote is valid for
- Whether there are any special restrictions or not
- Fees for brokers
- Excess and premiums
To get the full benefit of an accurate insurance quote, you need to make sure that give full and accurate information.
For each insurance type you have cover for, you need to get multiple quotes every year or so. Remember that there are various changes within the industry, so you the type of cover you have must be adequate for your needs.
If you are a first-time insurance buyer, you can get big savings by comparing insurance quotes before applying for a policy.
The cheapest cover is not always the best. Make sure that you get the right policy for your specific needs. Consider that increasing your excess may make the policy cheaper, but it can be quite risky. You need to be able to afford this before you agree to any terms.
Make sure that you read the fine print. Before you accept any quotes, make sure that you fully understand all the fine print.
Where can you get an insurance quote?
In South Africa, you are able to apply for insurance cover through a broker or directly from an insurance provider.
Online platforms have made it much easier to get access to multiple insurance types. Many insurance companies also offer discounts of up to about 10% to individuals who apply online. You are also able to keep track of your quotes.