Five questions to ask before you sign any insurance policy
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In South Africa, fully understanding your insurance policy isn't just good sense — it's your legal right. So, to avoid heartbreak at claim stage, ask these five questions before signing:
1.What exactly am I covered for?
2. What is excluded? Read carefully, because exclusions are often buried in technical language after pages of benefits.
3. What excess will I pay? An affordable-looking premium means nothing if the excess makes claiming impossible.
4. How does the claims process work?
5. And critically: what conditions could invalidate my cover? Something as seemingly minor as an inadequate tracking device, or attending one work meeting in your personal vehicle, could see your claim flatly rejected.
1.What exactly am I covered for?
2. What is excluded? Read carefully, because exclusions are often buried in technical language after pages of benefits.
3. What excess will I pay? An affordable-looking premium means nothing if the excess makes claiming impossible.
4. How does the claims process work?
5. And critically: what conditions could invalidate my cover? Something as seemingly minor as an inadequate tracking device, or attending one work meeting in your personal vehicle, could see your claim flatly rejected.
