Insurance Costs

[Lupus]

Lol i actually guessed it. Do you still have that black mark?

Only with them, I even phoned a few and they can't pick it up anymore.

 

[W@P]

Why did you change then?

Got better cover for cheaper through a broker.

 

[TedLasso]

Insurance company had sent an assessor to check us out when I wanted 1m contents cover. She was as sharp as a tack. Picked up all the expensive items and things we have not even considered in kitchen and rest of house. Even some stoneware - we forgot it was worth 25K (wedding present) and not really used

We also forgot about clothes etc. Guess what:- Wife's traditional clothes are at least 250k - replacement value. Stuff collected over years and years. I wear mr.p home or pick and pay clothing, but even then, at least 20k. Shoes are bloody expensive to replace.

Top tip to everyone:- open all your cupboards and walk around recording it, and describing what it is. Save the video to the cloud. Will help if you ever have insurance claim issues. I do this once a year.

Edit: Fixed up really poor grammar (which I had written from phone)

 

[Big-Mac]

News24: Load shedding claims now exceed burglaries, fuelling premium hikes, says Sanlam.

Load shedding claims now exceed burglaries, fuelling premium hikes, says Sanlam | Business

As load shedding claims surpass burglaries and inflation rockets, insurers face an uncertain future as they are forced to increase premiums when consumers can ill-afford them.

www.news24.com

So they do hike premiums on renewal if you've claimed.

 

[Verrayne]

@Dolby just wanted to add who ever your insurance provider is is being a bit unscrupulous. The rubble removal architectural fees etc. when having to rebuild a home is usually included in your sum insured.

Something along the lines like this:

House insured for R1 000 000.00

Rubble Removal - 20% of Sum Insured​

Fire Brigade Charges - Reasonable costs​

​

You should see all of this on your schedule. Here is an example of how an Old Mutual Insure one would look. Other insurers put it in the policy wording.

I know this is very late but useful info.

 

[Dolby]

@Dolby just wanted to add who ever your insurance provider is is being a bit unscrupulous. The rubble removal architectural fees etc. when having to rebuild a home is usually included in your sum insured.

Something along the lines like this:

House insured for R1 000 000.00

Rubble Removal - 20% of Sum Insured​

Fire Brigade Charges - Reasonable costs​

​

You should see all of this on your schedule. Here is an example of how an old mutual insure one would look. Other insurers puts it in the policy wording.

I know this is very late but useful info.

Thanks .

I'm thinking of researching FNB insurers now