The gifts that might not be insured…

By now many Christmas trees about the nation are stocked with gifts, large and tiny. The Australian National Retailers’ Association (ANRA) expects Aussies to invest a total of $ 32.6 billion in December ($ 4,154 per loved ones) like around $ 570 million on international internet sites and $ 840 million with Australian on-line retailers.

All those goodies below the tree look tempting – for thieves as nicely as loved ones! A few gifts that may possibly be hard to claim on your insurance coverage consist of:

• Money. It’s an effortless gift when you have run out of concepts – but it’s also a difficult 1 to claim if it occurs to get swiped. Primarily because it is tough to prove that it was there in the first spot! Some contents insurance policies, even though, will cover the loss of up to a few hundred dollars in cash, so verify your policy for details.

• Present cards. Unless you have kept the receipt, it is also difficult to prove the existence of gift cards. If your card has a tracking number – and you have kept a record of this number – you may be in a position to cancel the card at the point of sale. Conditions vary in between all providers although.

• Jewellery.  Most contents insurance policies will cover jewellery up to around $ 1,000 per item under the basic limit provision, but if you have purchased a sparkling diamond ring or a Tiffany solitaire, make sure you add it as a specified item to your insurance coverage, even if it’s going to be in your possession for just a week. After you have offered the gift, you can eliminate it from your policy. For all jewellery products, not matter what they worth, guarantee that you keep a receipt and take a photo of it prior to your wrap it up.

• Alcohol. Once more, it can be tough to substantiate the theft of a bottle of scotch or sparkling wine from under the tree. Once more, hold your receipts just in case. Most contents insurance policies don’t specify alcohol theft within the policy document, but if your contents policy offers compensation for the loss of food, you may possibly be able to claim the present-wrapped alcohol accordingly. Verify with your insurer.

• Any other massive things. Playstations, Xboxes, surfboards, games …  For anything at all that you get, hold your receipts and snap (a photo) just before wrap. That way you have proof of obtain in the bag!

Make certain you verify the particulars of your contents insurance coverage policy to see what coverage you are probably to have in the event of theft. And sensible up on the approaches that you may well accidentally void your cover.

Require any more information? You can compare property and contents insurance policies here.

The gifts that might not be insured…

Know the cost of a car crash: What being uninsured means for the uninsured, the insured and the insurer

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Driving without insurance is a gamble which can become very costly if you have an accident. There are however products available which can make car insurance more affordable. Before driving on our country’s roads, South Africans should ask themselves if it is worth taking the risk, especially when times are tough and personal budgets are under pressure. The implications of driving without cover affect not only the uninsured party, but those who do have insurance and even the providers of insurance solutions.

Statistics indicate that every year, one in 4 people will be involved in a vehicle accident while one in every 2 people will experience a collision at least every 3 years. With 2 out of every 3 drivers being uninsured, the chance of being hit by a driver who is without insurance is high.

Impact on the uninsured

Should you get into an accident but have no insurance, the consequences can be financially devastating even if there are no injuries.

While there is damage to your own vehicle to consider, if you caused the accident, you could also be held responsible for the costs of repairing damage to the property of other people. This can be pursued by the other party in an accident, but in reality it is usually their insurance company which will seek damages.

If others are injured, you could also be sued for medical costs, pain and suffering inflicted on third parties.

Impact on the insured

If you do have insurance, but get into an accident with someone who doesn’t, there are still implications for you. Most significantly, you will have to pay an excess for any repairs which may be necessary to your vehicle and other property. Your premium could also be increased if you have had to claim, as your risk profile changes even though the accident wasn’t your fault. Some insurers also revoke the no-claim bonus; however, with MiWay, clients receive a bonus whether they claim or not.

Impact on insurers

To make their products attractive to customers, insurers work to keep their premiums as low as possible, while still ensuring sustainability. However, uninsured drivers directly impact the industry by driving up costs which often have to be passed on to customers.

Uninsured drivers who have caused an accident often cannot afford to pay for the damage. The insurer can pursue them for costs, but this in itself is an expensive exercise and in many cases, doesn’t bear fruit. After all, if someone has no money, they cannot pay.

If you are on the road, take advantage of low cost options. Some cover is better than no cover at all, so if your circumstances change, get in touch with your insurer to find out which options are available to you.

Insurance Alternatives for the uninsured

The low-cost alternatives available to uninsured drivers include:

• Third-party, fire and theft covers you for fire and theft of your car and damage to the property of others.


• Third-party only covers damages to the property of others.


• MiWay’s unique MiWheels Limited Product, which offers partial cover for your vehicle, as well as benefits such as transport money in place of car hire.

For more information on car insurance, visit www.miway.co.za

MiWay is an Authorised Financial Services Provider (Licence no: 33970)

MiWay Insurance Limited (‘MiWay’)is a direct, short-term insurance company, offering customers a range of short-term insurance products including motor, household and homeowners insurance as well as add-on products such as warranty cover and liability cover. MiWay’;s shareholder is Santam, a blue-chip JSE-listed company.

Know the cost of a car crash: What being uninsured means for the uninsured, the insured and the insurer

Reckless taxi drivers provide enough reason to remain insured and stay alert on the roads!

Reckless Taxi Driver caught on Dashboard camera

Earlier today we shared some interesting vehicle statistics via the Arrive Alive twitter handle at @_ArriveAlive

 

It must be said that it is unfair to regard all of the drivers of minibus taxis as reckless and without a regard for the Rules of the Road! We are aware of efforts by taxi associations to provide safety training and that bodies like SANTACO are continuously urging members to drive safely!

There are however also those who do not heed these calls for safety! A regular visitor to the Arrive Alive website emailed a video clip from his dashboard camera recorder of one such driver in an incident early this morning next to the Morning Glen Mall!

We must urge road users to avoid confrontation which might lead to physical violence! Stay alert on the road and remain aware to the threat that these reckless drivers may cause vehicle damage and bodily harm!

There is little more than we can do then to ensure that our vehicles are comprehensively insured, that we drive safely and remain buckled in! We will also share this with the National Traffic Call Centre at the RTMC!

Report Bad Driving 

Dashboard Camera Recorders and Road Safety

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Reckless taxi drivers provide enough reason to remain insured and stay alert on the roads!