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With the latest South African Police Service (SAPS) statistics revealing that a hijacking occurs every 32 minutes in South Africa, motor insurance is no longer a nice-to-have for vehicle owners – it’s a must-have. In the high-net-worth space, however, wealthy individuals can find themselves paying 20-30% more in motor insurance premiums by failing to do a few simple things.
The strongest deterrent against FSP compliance missteps is or should be: