This insurance gives some measure of protection financially, should a disaster happen. In South Africa, vehicle insurance is not compulsory however, only 35% of cars on South African roads are insured. Accidents happen quickly so you need to be prepared for the financial implications that follow.
Getting vehicle insurance can be helpful for replacement costs in the event of an accident, theft, damage due to fire or attempted theft. Being without insurance could lead to financial ruin.
Individual circumstances will determine the price of your vehicle insurance, such as a range of factors.
This insurance helps you provide for your loved ones in the event of your death or permanent disability that leaves you unable to provide. Life insurance provides a short term revenue stream for your loved ones. It’s important that you purchase a policy that will provide sufficient cover. You should get cover that will replace your income potential,
Whole life insurance is a type of insurance that you pay until you die, while a term life policy is for a set amount of time.
Private healthcare is often unaffordable in South Africa. Having health insurance often provides an alternative to expensive medical aids. This type of cover is in preparation for in case you get sick and helps you pay for medical expenses.
This is a type of property insurance that protects your belongings in the event of a fire burglary, weather event or natural disaster. It does not cover flooding or water damage, other than that caused by a burst geyser or plumbing problem.
You should find insurance cover that will be enough for your building as well as home contents. If a guest is injured in your home you may be left with a high bill to settle or face legal action if you don’t have this cover