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Personal
Recommended personal insurance:
- Medical Aid
- Vehicle Insurance
- Household Insurance
- Life Insurance
- Severe Illness Insurance
- Disability Insurance
Personal insurance is the type of cover that provides financial security to you and your family. It’s a cluster of insurance products available to cover personal items you may own, such as your car, home, possessions, activities you carry out, such as you holiday.
Personal effects insurance is a policy that provides coverage for the loss or damage of valuables that are worn or carried by the policyholder. TIt protects your personal possessions against accidental loss or damage when you take them away from home.
Personal health insurance is a health policy that you can purchase for just yourself of your family. We deal with a variety of reputable health insurance companies. Reach out and let’s see how we can help you find the right health insurance company to fit your specific needs.
Disability and death caused by violent, accidental, external and visible events. Personal accident insurance include: accidental death, temporary or total disability.
Business
Yes, insurance premiums are seen as expenses and a cost to do business. This is different from country to country. Please consult with your local tax advisor.
Business interruption insurance is a type of insurance that covers the loss of income a business suffers after a disaster.
Business insurance, also known as liability insurance or (Commercial General Business Liability). It protects a company’s assets and pays for obligations. For example, medical costs, when someone gets hurt on your property or when there are property damages or injuries caused by you or your employees.
We recommend that every business, even home based businesses, have general liability insurance. The policy provides both defense and damages if you, your employees or your products or services cause or are alleged to have caused Bodily Injury or Property Damage to a third party.
General
Information is not shared directly between auto insurance companies. However, there are certain information about your driving record and history of making insurance claims that auto insurance companies can request from specialty consumer reporting agencies in order to quote you a rate for an auto insurance policy.
Yes, a claim can be denied. Here are 6 of the most common reasons a claim can be denied.
- You have unpaid premiums
- An unlicensed or unspecified drive is behind the wheel
- Your vehicle is not roadworthy
- You were driving recklessly
- Write off cover is not included in your policy
- Alarms, general security measures and tracking devices not fitted
Insurance companies basically do three things.
- They pool their money to pay claims
- Pay expenses involved in selling and providing insurance protection
- Earnings from investments help keep down the cost of insurance to policyholders
They invest money in a variety of areas. A few examples are:
- Bonds
- Mortgage loans
- Policy loans
- Cash
- Stocks
- Derivatives
- Real Estate
- Other
Rates go up because of external factors in their area. A few of these factors are:
- Recent changes, like a different vehicle or a new address
- The insurance company simply increased prices
- They are trying to balance it’s risk to reward ratio
- Claim reserve funds are low
- You’ve had a change in credit