Average and under-insurance
What homeowners need to know about gas appliances and their insurance
Homeowners with gas appliances stand the chance to have insurance claims denied if it is found that their appliances did not meet the safety requirements set by the South African Bureau of Standards (SABS) and the Liquefied Petroleum Gas Safety Association of South Africa (LPGSASA). This is according to Marike van Niekerk, Legal and Compliance […]
Unpaid Debit Orders: The Painful Consequences
When clients experience financial stress, unpaid debit orders may occur. In a recent matter, the Ombudsman for Short-Term Insurance found in favour of an insurer for repudiating a claim due to an unpaid premium. The client missed a premium payable by debit order due to insufficient funds in his account after he had been dismissed […]
Scam alert – fraudsters targeting victims of vehicle theft
With the number in vehicle thefts and hijackings increasing across South Africa, an alarming new trend has emerged involving scams directed at the victims of recent vehicle thefts/hijackings. This according to Hugo van der Merwe, National Manager: Assessing at MUA Insurance Acceptances, who says that the company has already seen multiple instances where policyholders have […]
How will the VAT increase affect our recent purchase of property?
“My husband and I found our dream home through an estate agent, and signed the sale of property agreement on 01 March 2018, a mere day before the new VAT rate came into play. The property, however, only registered in our name after 01 April 2018. What VAT rate is applicable?” As a point of […]
VAT rate increase – impact to the short-term insurance industry
posted 13 Mar 2018, 23:51 by Melvin Hoods VAT has always been a sensitive topic in the South African economy as it is something that really affects the rich and the poor alike. After much debate and deliberation, government decided that it needs to increase the VAT rate by 1% in order to meet the […]
5 Things to consider when reviewing your car insurance
According to the Automobile Association of South Africa, there are 11.4 million registered vehicles on South Africa’s roads and between 65% and 70% of those cars are uninsured. This is alarming because although some motorists may argue that car insurance is too expensive, accidents do occur and driving without cover can have greater financial implications. With […]
Managing hijacking risks – vigilance is key
According to the latest SAPS crime stats released, car hijacking has increased by 14.5% across the country with Gauteng (+16.9%), Kwa-Zulu Natal (+21.5%) and Mpumalanga (+28.8%) provinces recording the highest increases. The statistics tell the story of 16 717 cars that were hijacked between April 2016 to March 2017, equating to a staggering average of […]
Stay safe during the holidays
posted 16 Dec 2017, 06:28 by Melvin Hoods Planning a well-deserved getaway in December? Taking your family on a road trip? Wherever you’ll be during the holiday season, read Indwe’s tips to stay safe. Before you leave home: Make sure your alarm system is working properly. Tell your security company you are going on holiday. […]
Prep like a pro – top risk and insurance tips for the holidays
As the excitement of heading off for some much-needed R&R sets in, take some time out from the shopping, travel arrangements and last-minute work wrap-ups to secure your home, assets and loved ones before you head off for the holidays. Criminals never take a break, usually targeting the holiday season to ply their trade. Aon […]