It’s time for Merry Making Once Again
The festive season is once again upon us. The decorations are coming out of the closet and joy is about to be spread across the entire world. A rise in merry-making and jolly good times is expected. Unfortunately, so is a rise in the number of crime related activities. According to the South African Police […]
Events Insurance
I vividly remember being in primary school when we got the news that Luca, my mom’s first cousin, was going to get married so there was going to be a wedding soon. Him and his bride asked my parents if I could be part of the “mini bridal team”. Never in my life had I […]
Should Third Party Motor Vehicle Insurance Cover be made compulsory?
If you have taken out Third Party Motor Vehicle Insurance Cover (also known as ‘liability to other parties’) it means that you will be covered against financial liabilities after your vehicle has caused an accident/incident that resulted in injury/death to another person or loss/damage to someone else’s property. It must be greatly noted that you need not be the one driving […]
Uberrima Fides: The Principle of Utmost Good Faith!
The father of American literature, Samuel Langhorne Clemens better known by his pen name Mark Twain, once wrote “If you tell the truth you don’t have to have a good memory”. This encouraging piece of wisdom sought to promote honesty and instil integrity amongst the human race. For what would we be if we abandon […]
What To Do In An Accident Scene
Being involved in a motor vehicle accident is bad, but even worse when you do not know what to do. Here is our step-by-step guide to what to do if you are involved in an accident. What to do immediately after the accident Stop, and turn on your hazard lights – you can be prosecuted […]
Why use an insurance broker?
There is a misperception amongst many that you pay more for your insurance when you purchase insurance through a broker than when you buy it directly from the insurer, yet often, the inverse is true. Yes, it is true that you will contribute towards the broker’s commission and be charged a broker fee but that […]
Will My Insurance Cover Me If I drive After Curfew?
Insurance practice cannot go against public policy! All insurance contracts will state this in one way or the other. Simply put, this means that as a legal contract, an insurance policy is exempted from indemnifying an insured where illegal activities have been involved. This follows the common law doctrine of Exturpi causa Ex turpi causa non oritur […]
The Worst year could still get worse
In an awful year characterized by a dreaded pandemic and “irregardless” officially being recognized as a word (sigh!!!!), the unpleasant truth is this year could still get worse for you. The festive season is fast approaching and as cheerful and merry as it gets, this is a season that has claimed many lives mainly due […]
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. An entity which provides insurance is known as an insurer, insurance company, insurance carrier or underwriter. The company or person […]
REASONS FOR RENEWAL INCREASES
Here is a compiled article of Frequently Asked Questions courtesy of Alexander Forbes. FAQ 1: WHY IS THE PREMIUM INCREASE ON MY CONTENTS AND BUILDINGS PREMIUM SO MUCH HIGHER THAN ON VEHICLES? The premium for contents and buildings are based on two components. COMPONENT 1 – SUM INSURED The first component of the premium is based […]