We all have insurance of some kind, and while this may be taken out begrudgingly, this essential service can save you frustration and money in the long term.
Read our piece, courtesy of MRB Financial Services, on how to maximise what you get out of your monthly premium!
DID YOU KNOW?
You can reduce your premium by increasing your excess. Most insurers apply a zero excess to all sections of cover if you are 55 or older. You can use this benefit to reduce yourpremium by applying a voluntary excess.
Damage caused by load shedding is not covered by your Household Insurance. Planned outages are not insured events. Protect your appliances by using power surge protection plugs.
You should never admit liability at the scene of an accident, even if it is obviously your fault. This prejudices your Insurer’s rights when processing the claim.
Your valuable jewellery can be insured at a much lower rate if it is kept in a bank safety deposit box or at home in a secure safe and not worn.
If you score a hole in one while playing golf or a full house in bowls your Insurer will pay you R2000 under your Householders insurance.
Most Insurers offer a “home drive” and “convenience drive” service as part of their Assist Programme. This service operates similarly to an Uber drive, but is limited to a certain number of drives per year.