Tag Archives: Insurance

Charles says: are you adequately insured?

We all hear of heart-breaking stories that emerged from the recent fires. The destruction. The despair.

Veld fires are a common threat, together with fires started by faulty heaters and home appliances.

South Africa Cape Town Wildfire

(AP Photo/Adrian de Kock) (The Associated Press)

Fire risks, there is more to it than just wildfires. Continue reading

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Charles says: when and how can I hire a temporary replacement vehicle (car hire)?

Vehicle accidents are an everyday occurrence and has become such a part of life. Thus in the event of an accident, where it is your own fault, provided you have paid a premium for a temporary replacement vehicle, you are able to hire a temporary replacement vehicle and where it is not your own fault, you are able to claim the cost of hiring a temporary replacement vehicle from the guilty party or their insurer, this of course with the help of your broker and insurance company.


picture source: www.destination360.com

Now, the insurers does not want us all to know this, as in many instances the insurer of the guilty party stays numb on the cost of hiring a temporary replacement vehicle. This is regarded as consequential loss. With little proof of your reasonable need for a replacement vehicle, speak to your broker or insurer to add this in the recovery of the insurer and your cost.

Why? Why make use of a temporary replacement vehicle or a hired vehicle? Statistics are showing that because our vehicles are becoming more advanced and the parts becoming less regularly available, it just take longer for a vehicle to be repaired. Continue reading

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You can now insure dogs and cats for as little as R185 each per month in the event of visits to the Vet, prescribed medication required, X-Rays or radiology and blood tests, accident, illness, prescription food, advertising and rewards for lost animals, kennel fees, theft and death cover due to an accident or natural unforeseen causes.

You will enjoy an overall limit of R28 000.00 worth of cover subject to various limits per claim and also with an annual limit.


picture source: http://www.shingavet.co.za/

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Retirement and Cost of Long Term Private Care

Nobody take into account the huge expense they might face for daily help, if they become disabled. While you are younger than 65 this won’t be a problem if you have Disability cover. But after 65 this could create a huge shortfall in your monthly budget. Also keep in mind your medical aid won’t cover it.

One of the biggest risk to your financial security post retirement, are health care costs. But nobody takes into account the cost involved with Long Term Private Care.

Most of the financial planning being done in the industry, are focused on covering your income and medical cost, when you retire. There is no focus on the cost of Long Term Private Care. The next issue you and your financial advisor will face, is to calculate what amount of cover will sufficient for Long Term Private Care. The long and short of this situation is simple, something is still better than nothing… Continue reading

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