• No results found

NEDBANK eguides MAKE INSURANCE HAPPEN. Brought to you by: Nedbank Insurance


Academic year: 2021

Share "NEDBANK eguides MAKE INSURANCE HAPPEN. Brought to you by: Nedbank Insurance"

Show more ( Page)

Full text
















There is a multitude of insurance policies available to you to cover almost anything imaginable.

While it’s important to cover you, your family and your assets, it can sometimes be hard to

determine which policies are actually essential to take out.

Some insurance protects your possessions, your income, or even provides for loved ones when

you’re gone, but which ones do you really need? This guide, the first in our series of eguides, sheds

some light on three of the most important insurance policies to have.




What does it cover?

Homeowner’s insurance will cover the structure of your home and property against any

of those unforeseen events that may happen, such as flooding, fire or lightning damage,

which can be pricey to pay for out of your own pocket if you’re not insured.

Here are some of the items it covers:




Fixed TV

aerials or




wall or


cupboards and







pool and





What to look for when buying a home

When looking at a home to purchase, you shouldn’t only think about how it makes you feel, you need to evaluate the workmanship too. It’s important to know what you’re in for if you’re purchasing the property, or whether you should purchase it at all.

Evaluation checklist:

Check the bathrooms for mould on the ceiling and around the bath.

Look out for deep cracks that appear on both sides of the wall or around doors and window frames, which could indicate severe structural problems.

Check the roof lines for any deformation, which can be a sign of structural failure.

Make sure water pipes drain water away from the

house to avoid damage to the foundation. Check that the pool pump and other pool equipment are in good working condition. Look out for water damage or rising damp, indicated




The possessions in your home not only serve a functional purpose, they may mean more

than that to you and so you should protect the things you value.

Home contents insurance makes provision for these occurrences so you don’t ever have to be without the things that

make your house a home. In the unfortunate

event that your home is burgled or your valuables

are damaged due to fire, or perhaps if expensive electronic devices break, would you be able to afford




What does it cover? Choosing the appropriate level of cover to suit you means that you can

opt for a basic cover option or select more comprehensive cover that may offer added benefits

such as covering the cost of data recovery if your computer crashed.

The important thing is to make sure that your valuable possessions are insured if you know that you would struggle to replace them on your own.

Items covered by home contents insurance include:

• Furniture

• Important documents

• Loose carpets

• Data recovery




As an added benefit to home contents insurance, all-risks cover protects those items that

you take out of your home as well.

All-risks cover protects some of the following items:

While home contents insurance acts as a safety net to protect some of the most expensive things in your home as well as those things you take out of it, it’s also there to protect what you value most, whether it’s jewellery, a kitchen appliance or a teddy bear.

• Sunglasses

• Clothing

• Briefcase • Laptop

• Handbag • Cameras




Don’t leave anything out of your home contents cover.


Your mobility and independence is important and having your own vehicle provides you with

that privilege. If something were to happen to your car, such as being involved in an accident

or if it was stolen, losing that independence would be a difficult adjustment to make. Footing

the repair bill or replacing your vehicle is not an expense most people can easily afford, which

makes motor insurance essential to have if you’re a vehicle owner.

Depending on the amount of cover you opt to take out on your car, motor insurance often provides benefits beyond just covering accident damage or vehicle theft.

Added benefits such as covering the cost of breakdowns or emergency repairs, roadside assistance, or even replacing keys and locks, may apply, which means you have the peace of mind that you and your wheels are always protected.





What to look for when buying a car

When purchasing a used car, make sure you evaluate the physical condition of the vehicle to ensure your safety and avoid expensive repairs once you’ve taken ownership of the vehicle.

Car evaluation checklist:

Check the condition of the tyres and ensure they have at least 3 mm tread (including the spare).

Check for sludge on the underside of the oil filler cap, which could indicate a poor servicing history.

Ensure all windscreen wipers and washers work correctly.

Is the jack and other tools present?

Do a test drive and be aware of any warning lights that appear, strange noises when braking, steering vibration or if the car pulls to one side.

Inspect the seat belts to check that they operate correctly and are not cut or frayed.

If airbags are fitted, check if any warning lights go on when you turn the ignition and look up what it means in the handbook.




When you make a claim against your insurance policy, you will pay an excess, which is the

amount that you contribute towards the loss or damage of the insured item. The excess covers

the first portion of the repair or replacement cost, the remainder of which is paid by your

insurance policy.

Your excess is usually a fixed amount. If our total claim amount is less than the value of your excess, you will cover the total claim and your insurance will not have to cover any costs. For instance, if your excess rate is R2 000 and the value of your claim is R10 000, then your insurance will cover R8 000 of that claim. If your claim is R2 000 or less, your insurance will not contribute anything, as the claim is too small.

It’s important to insure things such as your car, home and home contents, but make sure that the excess agreed on in your insurance policy is an amount you will be able to





Property24: http://bit.ly/1CiJ1xT

AA: http://bit.ly/1A5NKCc

Redfin: http://bit.ly/1yTbCau

SA Insurance Guide: http://bit.ly/1DekXJc


Related documents

Kurşun, Suna, and Alp (2016) examined the effect of 12-week regular step aerobic exercises on body fat values in adult sedentary women found that although there was a

We identified only a few variants in the CFH, CFB , and C3 gene that showed an association with systemic complement activation, while for all other genetic

 Embed full secondary revenue credit in retail rate and have risk mitigation mechanisms, such as cash reserves and line of credit, for when secondary revenues fall short.  Would

Geico after you request your geico mobile home insurance policy contains rental car insurance products like an insurance. Stillwater Home Insurance: Is own the triple choice

There is a gap identified between the alignment of government business development policies and the informal businesses, as well as mentoring and coaching, hence lack of finance,

Home insurance (Contents) - Overview Home insurance (Contents) - Policy cover Home insurance (Contents) - Broking Home insurance (Contents) - Underwriting Home insurance (Contents)

The LIFEPATH study also examined the impact of different life course trajectories on EAA by cross-classifying childhood and adulthood social class, finding that the persistent low

Power insurance you a car homeowners insurance quotes to protect it offers are trademarks of your home and auto insurance in all of the rent.. Labor if you a car and homeowners

screencasts offer much where learning may be broken down into ‘bite sized chunks’ and; they are a useful dissemination tool wherever information needs to be distributed widely and

• Check what your excess amount is (excess is the amount of money which you agree to pay your insurance company if you want to make a claim. For example, if you insure your car

The rest of the work is structured as follows: Section 2 gives a brief overview of the related work on the use of citizen-generated data retrieved from social networks as

In the same vein, over 854 million adults cannot read and write of which 543 million of them are women (Human Development report, 2012). Furthermore, more aid was being

If your house or its contents are damaged as a result of burst pipes, a flood or a power cut check your policy to make sure you are covered and contact your insurance

You will need to check your specific insurance policy but in most of the Home and Contents insurance policies that we have come across, the insurance company reserves a right

If You make a claim under another insurance Policy (or if another insurance Policy does not Cover the damage) and You are not paid the full amount of Your claim, We will make up

When you buy fixed Sum Insured home insurance, if you make a claim, the insurance provider will pay the actual cost of replacing your property, up to the amount you asked

Actual cash value - This kind of policy pays replacement cost, minus a deduction for depreciation.. For example: to replace your stolen bike, which you bought for $500 but is

For all eligible trials and all patients who were randomised, data were sought on the date of randomisation, treatment allocation, type of chemotherapy and number of cycles,

On the other hand, there are several limitations to ac- knowledge, including that the analyses were cross sec- tional as information on cohort member and friends' drinking,

A variety of diag- nostic endoscopic techniques have been developed in an attempt to improve the accuracy of neoplasia recognition in Barrett ’s oesophagus and enable targeted biopsy

Silvestri, A pilot study of narrow band imaging compared to white light bronchoscopy for evaluation of normal airways and premalignant and malignant airways disease, Chest 131

• Check if your home contents insurance covers you for the move and arrange transit insurance if necessary (your removal company should be able to arrange it for you)... • Use