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Accommodation companies like AirBnB - as well as favourable exchanges rates - have spurred more and more property owners to rent out their house or flat on a short-term basis to earn additional income. According to Santam, it is vital that individuals who decide to go this route go in with their eyes wide open. They should examine the risks associated with vacation letting – and put the appropriate insurance in place.
So far in 2016 South Africa has been hit by severe storms, flooding, hail, landslides and even earthquakes and tornados. These extreme weather patterns are somewhat peculiar for the country and there have been an increased number of cases of damage caused by these freak weather conditions.
Running a business in today’s unstable economy is risky enough as it is, but when your bottom line depends on goods arriving safely at a designated destination, the chances of disaster grow ever higher.
The storm, hail and resultant flash floods that have swept across Gauteng the past two days, leaving a swathe of destruction in their wake, has seen Standard Insurance Limited registering nearly 600 claims for damage to cars, buildings and homes in the past 24 hours.
Do you think short-term insurance broking will survive the AI plus humanoid robotics age?