The Road Accident Fund
If you or a family member have been injured or killed in a motor vehicle accident because one of the drivers was negligent, you may be eligible to claim from the Road Accident Fund (RAF).
The RAF is a publicly accessible fund set up to provide monetary compensation to those who have suffered injuries as a result of an accident on public roads.
This means that even if the driver of the car doesn't have insurance, people injured in the accident (or the loved ones of people killed in the accident) can get money from the fund to help pay medical expenses and to compensate for wages they may have lost as a result of the accident.
What is the Road Accident Fund (RAF)?
The RAF provides financial assistance to people injured in road accidents or the dependants of people killed in road accidents caused by negligent driving.
The fund is financed by a fuel levy that's included in the petrol and diesel price.
Who can claim?
- A person who was injured in the accident (except the driver who caused the accident).
- Drivers (excluding the driver who caused the accident), passengers and pedestrians involved in the accident.
- If you were the driver in the accident but are not the owner of the car and the accident was caused by the owner's negligence (for example, if they didn't fix the brakes) and you are injured, then you can claim from the fund.
- A child, spouse or other person who depended on the income of the person who died in the accident.
- A close relative of the dead person who paid for the funeral
- A claimant under the age of 18 years must be assisted by a parent or legal guardian.
When can you not claim from the fund?
- A person who caused the accident can't claim from the fund. You can only lodge a claim if the accident was caused by someone else's negligent driving.
- You can't claim if you were the only person and vehicle involved in the accident. The RAF doesn't compensate individuals who are the primary cause of the accident for example, if someone who drives off a bridge due to their own negligence.
What can you get compensation for?
- Medical expenses.
- Funeral expenses.
- Compensation for pain and suffering.
- Lost earnings if you were unable to work.
- Loss of support. Dependents of the main income provider of the household who was killed in the accident as a result of someone else’s negligence can claim loss of support.
How to claim from the Road Accident Fund
You can claim from the Fund yourself or you can get a lawyer to claim for you but you'll have to pay for their services.
You must make the claim within 3 years of the date of the accident, if you know who caused the accident. If you don't know who the driver or owner of the vehicle was that caused the accident, you need to claim within 2 years.
Article courtesy of the Western Cape Government.
Alternatively, you can follow the link https://ayobainsurance.co.za/index.php/quotes
What is this SASRIA I am paying a premium for on my policy?
It is general practice across the global insurance markets that losses emanating from terrorism, riot, civil commotion, strikes and public disorder are an exclusion. Amongst other reasons, insurers are reluctant to provide cover for these because, unlike other risks, their historical data is scarce, occurrence is not random, and they are often geographically concentrated.
Of Insurance and Inflation
Simply put, inflation is a sustained increase in the general price level of goods and services in an economy over a period of time.
Defining the Clause
This can be defined as a clause in an insurance policy that restricts the amount payable to a sum not to exceed the value of the property destroyed and that bears the same proportion to the loss as the face of the policy does to the value of the property insured.
Depending on insurers, the average clause will usually not apply on agreed insured sums such as on a motor vehicle. Most motor vehicles are insured on a retail, market or trade value basis.
Do I need Accidental Damage Extension on my Household Contents Cover?
There is a general assumption amongst most that when purchasing household contents insurance, they automatically get cover for all unforeseen accidental events. After all, insurance is meant to cover accidental incidents, right? This may be one of the reasons some have been left feeling hard-done when they presumably submitted valid claims which were subsequently rejected with reason being “not covered”. This short article is meant to clear the air on the scope of cover in one’s household contents cover.
Some say the only certainties are death and taxes. Nothing else can hold the same level of probability. This however does not mean everything else holds the same probability as the sun rising from the north!
Reasons For Renewal Increases
What Is Insurance?
Simply put, Insurance is an arrangement by which a company or the state undertakes to provide a guarantee of compensation for specified loss, damage, illness, or death in return for a payment in monetary terms.