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Insuring your child’s car incorrectly could cost you ?>

Insuring your child’s car incorrectly could cost you

Johannesburg – Every year, many South Africans turn 18 and along with this important life event, a vehicle may be purchased or handed down to the young adult as a means of transport when they obtain their driver’s license. However, if the parents do not properly insure the car with the details of the actual driver, they could be in for a massive financial outlay if their child is involved in a motor vehicle accident. This is according to Nazeer…

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8 Things You Need to Know About Homeowners Insurance ?>

8 Things You Need to Know About Homeowners Insurance

Since purchasing a home may be the biggest investment you ever make, it’s no surprise that homeowners insurance exists to protect that investment from damage, theft, and a range of other circumstances. Sounds a lot like the other types of insurance you have, right? But don’t be fooled. There are a lot of working parts to it. And it’s typically not an option for your consideration, but a necessity, since virtually all mortgage lenders require borrowers to have some level…

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Drinking and driving: How much alcohol will put you over the limit? ?>

Drinking and driving: How much alcohol will put you over the limit?

After only one unit of alcohol, your chances of being in an accident are doubled, and when you are at the legal limit of 0.24mg, you are four times more likely to be in an accident. THE RULE of drinking and driving is simple – just don’t do it. According to the Automobile Association website, it is a proven fact that your driving is impaired after even one unit of alcohol, so it is safer to not drink at all…

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Rule of thumb when insuring your phone: Check, and check ?>

Rule of thumb when insuring your phone: Check, and check

It’s a good idea to check that you are insured for the cellphone you are actually using. Picture: REUTERS Make sure your cellphone insurance policy covers you for the correct value of your phone, whether you insure through your cellphone provider or your household or car insurance policy. When you upgrade your phone, make sure that you upgrade your cellphone insurance at the same time. You may be asked by your mobile operator’s consultant something like: “Do you still want…

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Why a broker is best in short-term insurance ?>

Why a broker is best in short-term insurance

Why a broker is best in short-term insurance Comparing prices is more complicated than you think Finding the best price seems simple – compare quotes and choose the cheapest premium? Not the best way to insure your assets because short-term insurance policies are complex. Let’s say one short-term insurance company offers lower monthly premiums but charge a higher claim excesses. Which short-term insurance policy offers better value in terms of cover? Are short-term insurance reward programmes really worth the cost?…

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7 IN-CAR DISTRACTIONS TO AVOID WHILE DRIVING ?>

7 IN-CAR DISTRACTIONS TO AVOID WHILE DRIVING

No? Are you sure? Have you never texted whilst driving, ate food, or texted or chatted on the phone?The reality is, almost all of us have failed to resist peering at our trusty mobile lifelines at a message that has just come in. According to Motor Industry Workshop Association (MIWA), we do this more frequently than not. “Texting while operating a vehicle is a seriously dangerous activity. But, distracted driving means more than just texting. It’s any activity that takes…

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Insurance considerations when travelling with a caravan or trailer ?>

Insurance considerations when travelling with a caravan or trailer

The busy time of Easter and public holidays may be behind us, but some of us will be planning road trips for the rest of the year. If you have travel plans that include a caravan or trailer, there are insurance considerations to keep in mind. A service for your premium It is your responsibility to ensure that your caravan or trailer is roadworthy. Your insurance policy will spell out the conditions under which your caravan or trailer needs to…

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It’s business, not personal ?>

It’s business, not personal

For many entrepreneurs, there is often a blurring of the lines between personal and business roles and this can even extend into insurance planning. It’s important to ensure that personal and business risks are clearly ring-fenced and insured under the correct insurance policy. This becomes especially important when you look at how our work environments are evolving, with more people setting up home-based businesses. This is according to Clayton Ellary, Commercial Branch Manager at Aon South Africa. “If you’re a…

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Review your insurance policies ?>

Review your insurance policies

It’s a new year, so get your affairs in order and check on the terms and conditions of your policies because you don’t want any surprises As we enter 2017, increases are due in many policies but you might also have credential changes and forgot to notify your insurer. Be sure to double-check the paperwork because you don’t want to get into trouble when you have to claim. Carolyn Thompson, head of personal lines at Mutual and Federal explains: “We…

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Planning for medical expenses in retirement ?>

Planning for medical expenses in retirement

The cost of medical aid is steadily rising at a rate higher than inflation, severely limiting retirees’ spending power. The solutions lie in liability matching through targeted investing, physical health and good financial planning. Why healthcare comes at a premium Medical aid costs in retirement are becoming a significant burden for retirees. The reasons for this are increases above inflation and higher utilisation of healthcare services. Rising medical inflation is a global phenomenon, with demand for healthcare growing and new…

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