R500 billion disaster

[Lupus]

Compulsory 3rd party cover should be law. (Then again everyone breaks the law in this country). No cover and you are in accident fine should be 200% of the damage caused to the third party or jail time.

Then again I hate insurance companies. Many years ago someone reversed into my car in a parking lot trying to get out of his parking spot (Basically he reversed while I was behind him standing still because a car was standing in front of me so I couldn't move).

Tried claiming through my own insurance, but the difference between own risk and amount to pay was about 2k. Was told by the agent probably not worth to claim as my premiums would go up as they wouldn't pursue the matter with the other insurance company.

Took the battle on with the third parties insurance and not claim from my own. They just hoped I would give up, which I did not, but it took 2 years before they paid me out.

I hope for the R8000.00 it was Santam (the 3rd parties insurance) worth their time to try their luck.

But I probably would have wasted my time with a third party who did not have insurance and money.

But I figured out for small claims your own insurance is going to do fock all to claim back from another insurance and you just pay your no claim part and get an increase in your premiums.

But then again Santam which I had my content insurance for over 20 years got back at me when I moved to a different property and they did not want to insure me for home content anymore as I moved to a high risk area according to them. Actually i moved to a safer area with less risks. (Access Control and Right next to the security as well).

I am paying less for the same cover with a different insurer now which is underwritten by Santam

Just sounds like you've had dodgy insurance. As if a third party rides into you, you get the details. Claim from your insurance, you may need to pay the excess and get it back.
Going after the third party yourself is going to take ages.

 

[Arthur]

I have lost two vehicles due to people driving into me.
This is why I now drive a well-maintained shitbox that can be replaced with about 5 of 6 different ways of funding the replacement in cash.

If, for the first time in 25+ years of driving I happen to drive into someone they will get every cent I owe them in cash.

If this country had proper public transport I would have agreed with you, but driving here is a necessity and not a luxury like in some other places, so no, forcing people like me to have insanely overpriced vehicle insurance would do nothing. I'd still keep doing what I do now and so would the ones currently driving without insurance. It'll just open up yet another vector for corruption and corporate fleecing.

Er, the Road Accident Fund only covers personal injury and loss, not damage to property. The "premiums" are in the petrol price.

 

[Heisenborg]

No thank you.
If you want to p1ss your money away monthly on an insurance company each month be my guest.
I'm a big boy, I can manage my own financial risk and associated collateral and have saved ungodly amounts doing that.
I don't need some d**s with a black-box computer system telling me what my risk profile is.

I can tell you what your risk profile is just by the way you carry yourself in this thread. God help me if i am ever involved in an accident with n poepol like you.

Probably also think you have the driving skills of an f1 driver, right?

 

[Swa]

Compulsory 3rd party cover should be law. (Then again everyone breaks the law in this country). No cover and you are in accident fine should be 200% of the damage caused to the third party or jail time.

Then again I hate insurance companies. Many years ago someone reversed into my car in a parking lot trying to get out of his parking spot (Basically he reversed while I was behind him standing still because a car was standing in front of me so I couldn't move).

Tried claiming through my own insurance, but the difference between own risk and amount to pay was about 2k. Was told by the agent probably not worth to claim as my premiums would go up as they wouldn't pursue the matter with the other insurance company.

Took the battle on with the third parties insurance and not claim from my own. They just hoped I would give up, which I did not, but it took 2 years before they paid me out.

I hope for the R8000.00 it was Santam (the 3rd parties insurance) worth their time to try their luck.

But I probably would have wasted my time with a third party who did not have insurance and money.

But I figured out for small claims your own insurance is going to do fock all to claim back from another insurance and you just pay your no claim part and get an increase in your premiums.

But then again Santam which I had my content insurance for over 20 years got back at me when I moved to a different property and they did not want to insure me for home content anymore as I moved to a high risk area according to them. Actually i moved to a safer area with less risks. (Access Control and Right next to the security as well).

I am paying less for the same cover with a different insurer now which is underwritten by Santam

As said in the other thread this will disadvantage those of us that don't drive or drive a lot. This was the whole reason we moved over to a pay as you drive system. There is nothing wrong with it, what we have to get rid of is the excessive compensation and the ambulance chasers who in some cases claim for people not even involved and with no knowledge of it.

 

[Lupus]

As said in the other thread this will disadvantage those of us that don't drive or drive a lot. This was the whole reason we moved over to a pay as you drive system. There is nothing wrong with it, what we have to get rid of is the excessive compensation and the ambulance chasers who in some cases claim for people not even involved and with no knowledge of it.

Except the RAF doesn't cover anything related to car or property, so you're still SOL

 

[RaptorSA]

I can tell you what your risk profile is just by the way you carry yourself in this thread.

Spoken like a true insurer.
Please do tell me more about myself.

Probably also think you have the driving skills of an f1 driver, right?

Not at all. More 1.2Liter gymkhana than F1.

God help me if i am ever involved in an accident with n poepol like you.

God is also currently way behind on this claim payouts, you'd be better off praying to the poephol..

It's easy to be an armchair edge lord calling for sweeping changes in a country where half the workforce earn below R5.5K per month, I'm assuming you've been burned by the system, so maybe instead of asking daddy government to step in so people can be milked even harder, maybe spend that edgy energy of yours towards being pissed at the current system's mismanagement and corruption... a system that strikes a difficult balance but should be adequate or close to it to provide a safety net to those tragic cases involved in life-altering road accidents.

 

[Hemi300c]

VIVA anc VIVA

The corruption never ends and never will.

 

[Bad Ballie]

The fund has been used as a cadre slush fund sine the ANC scum were put in power, this will not change.

 

[RaptorSA]

Funny cause when you or people like you moer into me for whatever reason you're always the first ones to blame and sue the pants off anyone. Ja nee mnr for the masses unfortunately we need insurance haha

I'm sorry for your loss.

 

[PaulNOTsaul]

The only thing that astounds me really is how the hell this poor country manages to wake up every morning and keep stumbling along.

The country does not think like you, that is how it keeps on going.

People who live in a gloomy abyss tend not to see things in a more accurate manner. You remind me of this chap who cant believe that people can afford to buy a pint in the UK

 

[Swa]

Except the RAF doesn't cover anything related to car or property, so you're still SOL

As I understand it it never did. The move over to pay as you drive was just to make it more fair. I have no problem with private insurance but then it should be regulated so you only pay for what you need at a set fee.

I'm thinking the people rooting for this are more the people on the road all day that would save by paying a fixed fee.

 

[rh1]

But most of the people claiming have not even contributed to the RAF.
Make the MAX claim R5000.
See how fast the ambulance chasers will abandon this source of income.

Couple of easy steps:

Create a set price list, if you lose a thumb R20k, a pinky R1000 etc.

Ban all lawyers.

All people injured must be assessed by a RAF appointed medical doctor and reassessed by another doctor to avoid collusion.

Can also ask for a small fee, the big insurance guys take over the assessment and payment of claims.

 

[Lupus]

As I understand it it never did. The move over to pay as you drive was just to make it more fair. I have no problem with private insurance but then it should be regulated so you only pay for what you need at a set fee.

I'm thinking the people rooting for this are more the people on the road all day that would save by paying a fixed fee.

I'm not entirely sure what you're arguing for then?
If you drive you should have insurance, even if you don't drive a lot at all, at least 3rd party to cover them if something goes wrong.
The RAF is a joke and basically only covers medical expense to the third party, which was more a boost for insurance as they now didn't need to cover that anymore like they used to.
The RAF should be disbanded and people who drive should have mandatory 3rd party insurance at least, also push for them to have back medical cover. This would not only actually help most drivers and possibly bring down premiums on average due to risk being lower.

 

[Lupus]

Couple of easy steps:

Create a set price list, if you lose a thumb R20k, a pinky R1000 etc.

Ban all lawyers.

All people injured must be assessed by a RAF appointed medical doctor and reassessed by another doctor to avoid collusion.

Can also ask for a small fee, the big insurance guys take over the assessment and payment of claims.

Even easier step.
Disband it, make everyone get insurance, if you don't you pay for it on your license disk at the end of the year. Insurance companies can go back to have medical expenses as part of their payouts as well.

 

[Velskoen]

The country does not think like you, that is how it keeps on going.

People who live in a gloomy abyss tend not to see things in a more accurate manner. You remind me of this chap who cant believe that people can afford to buy a pint in the UK

Ah yes, Calkem.

I am self employed for going on 40 years now, 31 of those in an industry notorious for uncertainty, animosity from the government, low prices and an ever tightening cost pincer. I never have and never will succumb to your "gloomy abyss". I simply cannot afford to.

However, when nothing functions as it should (water, power, roads, policing, judiciary, infrastructure, transport, harbours, animal health, medical, national, provincial and local government, postal services, etc etc etc, it is hard for me to figure out how a country operates anywhere near functionally.

People are deliriously obliviously happy in Zimbabwe, Nigeria, Mozambique, Angola and other bright spots on the African continent. That doesn't mean their countries are functional though.

 

[Swa]

I'm not entirely sure what you're arguing for then?
If you drive you should have insurance, even if you don't drive a lot at all, at least 3rd party to cover them if something goes wrong.
The RAF is a joke and basically only covers medical expense to the third party, which was more a boost for insurance as they now didn't need to cover that anymore like they used to.
The RAF should be disbanded and people who drive should have mandatory 3rd party insurance at least, also push for them to have back medical cover. This would not only actually help most drivers and possibly bring down premiums on average due to risk being lower.

I've been pretty clear? There's no way someone driving 20km a month has the same risk profile as someone driving 2000km. That was the whole reason the RAF moved from a third party system to a fuel levy. There's nothing wrong with that and it's only the administration that's an issue.

I also don't see them enforcing it. If it became a reality it would be a lot cheaper for some us to just ignore it, save on insurance and save on fuel costs.

 

[Lupus]

I've been pretty clear? There's no way someone driving 20km a month has the same risk profile as someone driving 2000km. That was the whole reason the RAF moved from a third party system to a fuel levy. There's nothing wrong with that and it's only the administration that's an issue.

I also don't see them enforcing it. If it became a reality it would be a lot cheaper for some us to just ignore it, save on insurance and save on fuel costs.

You're still not making sense. The original method was 3rd party insurance you paid with your license, this was scrapped in 1997

Is Car Insurance Compulsory? - Pineapple

Is Car Insurance Compulsory? Discover if car insurance is mandatory in South Africa and why protecting your vehicle with coverage is a smart choice. Uncover the truth now!

www.pineapple.co.za

The RAF is not a replacement for what was before, in reality it was more to cover those without cars in the first place. If you drive doesn't matter if it's 20km or 2000km you need to have insurance. As an accident is just that, an accident and it doesn't matter how much you drive it can still happen.

 

[Swa]

You're still not making sense. The original method was 3rd party insurance you paid with your license, this was scrapped in 1997

Is Car Insurance Compulsory? - Pineapple

Is Car Insurance Compulsory? Discover if car insurance is mandatory in South Africa and why protecting your vehicle with coverage is a smart choice. Uncover the truth now!

www.pineapple.co.za

The RAF is not a replacement for what was before, in reality it was more to cover those without cars in the first place. If you drive doesn't matter if it's 20km or 2000km you need to have insurance. As an accident is just that, an accident and it doesn't matter how much you drive it can still happen.

The whole idea was to make it more uniform so one person didn't subsidise another and those driving more paid more. Tell me how someone driving 20km has the same risk profile as 2000km and so should pay the same. I'm waiting with bated breath to hear this one.

 

[Lupus]

The whole idea was to make it more uniform so one person didn't subsidise another and those driving more paid more. Tell me how someone driving 20km has the same risk profile as 2000km and so should pay the same. I'm waiting with bated breath to hear this one.

Learn to read for meaning. Never mentioned the same risk or profile. I said you need to have insurance regardless of if you drive 20km or 2000km.
As an accident is just that, can happen just outside your driveway. Plus RAF is not insurance it's medical. It seems with it's introduction people started to drop insurance, over 70% of drivers in SA don't have.
Now imagine it was 70% had, the premiums could actually go down as everyone's risk is a little better.

 

[Swa]

Learn to read for meaning. Never mentioned the same risk or profile. I said you need to have insurance regardless of if you drive 20km or 2000km.
As an accident is just that, can happen just outside your driveway. Plus RAF is not insurance it's medical. It seems with it's introduction people started to drop insurance, over 70% of drivers in SA don't have.
Now imagine it was 70% had, the premiums could actually go down as everyone's risk is a little better.

And I said it should not cost the same. Mandatory insurance will also not bring premiums down and only increase them.