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The South African Motor Body Repairers’ Association (SAMBRA) is urging broader and more consistent action from insurers as ongoing fuel price volatility continues to place sustained pressure on the motor body repair (MBR) sector, with only partial and uneven implementation of relief measures across the industry.
Few things test the value of advice quite like explaining the fine print in a non-life insurance policy. Brokers are often called on to explain complex and technical concepts when placing a client’s assets under cover, and to help determine the appropriate response immediately following a loss event. Errors during onboarding or when registering a claim can have serious financial consequences.
South Africa’s vehicle parc is no longer defined simply by its size or age profile, but by a rapidly deepening level of technical complexity that is fundamentally reshaping the motor body repair environment.
New data from the National Financial Ombud Scheme South Africa has highlighted how often property-related insurance disputes hinge on the distinction between sudden water damage and longer-term maintenance problems.
If you had to choose one approach to protect your hard-earned investment cash from today’s market madness, which would it be?