It is important to remind all our policyholders that insurance policies in South Africa require that roof structures be adequately capable of supporting any systems installed on them, such as solar water heaters or panels. This is a standard condition to ensure the safety and integrity of your property and to maintain compliance with both […]
As the winter winds ease and Cape Town welcomes the arrival of spring, there’s one event that signals the true start of the season: the Intasure Spring Regatta. Each year, sailors, families, and spectators alike look forward to this vibrant gathering on False Bay, where the energy on the water is matched only by the […]
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We would Like to thank The Santam for the content of this letter below. This information applies to all our client, regardless of who your insurer may be. IMPORTANT NOTICE ON 2G AND 3G NETWORK DECOMMISSIONING AND CLIENT SUPPORT GUIDANCE As part of a national initiative, the South African government has begun phasing out 2G […]
A basic understanding of some of the principles guiding short terms insurance may be of value in understanding your policy. The Principle of Indemnity in Short-Term Insurance Policies The principle of indemnity is a foundational concept in short-term insurance, ensuring that the insured is compensated only to the extent of the actual financial loss suffered, […]
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Insurance and Alarm Systems. Do you Understand your policy requirements for alarm systems? Ensure your alarm system is linked, monitored, and in good working order ? Comply with SAIDSA bylaws ? Understand that non-compliance can lead to claim rejection or policy voidance ? Regularly test and maintain your alarm system? […]
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Here are some simple tips to stay safe from scams and phishing: Be cautious if the email: Doesn’t use your full name and has a generic greeting Has incorrect logos, design or looks strange Contains suspicious website links Includes attachments and software Be wary of false urgency. Scams often create a false sense of […]
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In South Africa, short-term insurance policies provide temporary protection against risks such as damage to property, vehicles, or liability for accidents. A fundamental legal and contractual principle governing these policies (and part of every insurance policy wording) is the duty of full and correct disclosure of all relevant facts by the insured to the insurer. […]
This document outlines the requirements for alarm systems in insurance policies, the rationale behind these requirements, and the consequences of non-compliance. It is intended for policyholders to understand and adhere to these requirements to ensure coverage. Insurers Requirements for Alarm Systems South African insurers commonly require that policyholders have a linked and monitored alarm system […]
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Questions we get asked. Branded vs OEM Parts in vehicle repairs. In principle in the South African insurance context, an insured party is not prejudiced when an insurance company uses Original Equipment Manufacturer (OEM) parts to repair a vehicle that is out of warranty. This approach aligns with the principles of indemnity insurance and […]
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Questions we get asked. Insurance premiums on motor vehicles often increase each year, even as the replacement cost (market value) of the vehicle declines. This apparent contradiction is due to several key factors: Why Insurance Premiums Rise Even as Vehicle Value Falls Summary Table Factor Effect on Premiums Effect on Vehicle Value Repair/Parts Costs […]
Read More… from Questions We Get Asked – Premiums up and Value down on cars