Understanding Coverage for Electric Vehicles: A New Frontier in Insurance
Tag: Personal Insurance
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Understanding Coverage for Electric Vehicles: A New Frontier in Insurance
Electric vehicles (EVs) are rapidly gaining popularity, with more South African consumers viewing them as viable alternatives to traditional cars. A recent survey by PwC highlights the growing interest in hybrid and electric vehicles, spurred by the steady decline in prices. The National Association of Automobile Manufacturers of South Africa (NAAMSA) also reported a striking…
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The Importance of Personal Accident Insurance
What is Personal Accident Insurance? Personal Accident Insurance provides financial coverage in the event of an accident resulting in injury, disability, or death. Unlike life insurance, which primarily covers the policyholder’s death, Personal Accident Insurance focuses on accidents that cause bodily harm. This type of insurance is designed to help individuals and their families cope…
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Understanding Winter Insurance Claims: What’s Covered and What’s Not?
As South Africans, we’re all too familiar with the harsh realities of our environment. This past month has been a stark reminder, as at least two tornadoes were recorded in the north of Durban, hail in Umhlanga, snow in the Northern Cape, and heavy rains and strong winds in the Western and Eastern Cape as…
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Insurance Fraud: A Guide to Protecting Yourself
In times of economic hardship, individuals may feel the weight of financial strain pressing down on them, sometimes leading to desperate measures. One such avenue is insurance fraud, a deliberate deception to gain financial advantage from insurance companies or agents. Insurance fraud manifests in various forms, from staging accidents to fabricating injuries or orchestrating complex…
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Inside Signature: How Tailored Insurance Solutions Are Changing the Game for High-Net-Worth Professionals
According to the latest Africa Wealth Report published by Henley & Partners, South Africa has become home to the highest number of high-net-worth individuals in Africa, more than double that of any other country on the continent. While still relatively small, these HNWIs currently hold over 40% of the total private wealth in the country.…