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South Africans urged to review travel insurance before holidaying abroad

10 July 2014 | General

Now is the time of year when many South Africans go on holiday abroad to warmer countries in order to avoid the cold winter months. As overseas travel can be costly in terms of flight tickets and accommodation, even more so now with the current Rand exchange rate, consumers tend to search for the best deals and cut costs where possible, including for their travel insurance. However, travellers should carefully review the insurance cover they are buying, because a cheaper policy could potentially turn out to be much more costly if the unexpected happens, says independent insurance and risk specialist company, Risk Benefit Solutions (RBS).

What to do when your geyser bursts this winter

10 July 2014 | General

Most homeowners are aware of the increased risk of their geyser bursting in winter due to the colder and more extreme changes in weather conditions. However, the reaction to this emergency situation often places homeowners at risk of unnecessary financial loss if they do not follow the correct insurance claims procedures.

Gauteng’s dry winter poses the highest risk for fires

03 July 2014 | General

Lightstone, provider of comprehensive data, analytics and systems on automotive, property and business assets, have revealed that out of the five main provinces in South Africa, Gauteng has the highest number of fire risk days during June, July and August between the years of 2012 to 2014.

Changing our view on storm activity becomes financially important

26 June 2014 | General

Is the insurance industry prepared for the upcoming storm season? This is the question the industry is asking as it braces itself for what may well turn out to be another hectic period for insurers.

quick poll

Question

If you had to hazard a guess, when do you reckon the COFI Bill will be signed into law?

Answer

2026, as promised 2027 looks more likely Impossible to say More consultation needed

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