Explore the Category
Insurance is a contract and consumers must understand their obligations when they enter into it – and what the consequences of dishonesty are.
South Africa remains a popular tourist destination, having welcomed over 10 million visitors in 2017 alone. To capitalise, local homeowners have started to cash in on the short-term leasing trend. According to Airbnb, a leading international short-term lodging specialist, almost 400 000 guests were welcomed to South African Airbnb homes in 2017.
Homeowners with gas appliances stand the chance to have insurance claims denied if it is found that their appliances did not meet the safety requirements set by the South African Bureau of Standards (SABS) and the Liquefied Petroleum Gas Safety Association of South Africa (LPGSASA).
When the time comes to renew a client’s insurance policies, insurers are likely to alter monthly premiums based on a range of factors such as changes in the details of the insurance policy, anticipated claims inflation on the assets being insured, and changes in cover sums.
If you had to choose one approach to protect your hard-earned investment cash from today’s market madness, which would it be?