The latest Ombudsman for Short Term Insurance (OSTI) Annual Report makes interesting reading from a consumer perspective, especially the insights it provides on the most common reasons for claims being rejected. The report confirms that motor, home and household policies remain the Achilles heel of the South African insurance industry from a customer perspective. These are the […]
Home Contents Insurance
360 Degree Cover in Your Home
Home contents insurance provides cover not only against theft, but also against the elements such as fire and floods.
How Winsure can help?
Underinsurance is the biggest risk factor homeowners face. The average homeowner’s content is underinsured by as much as 35 percent. When a claim is received on home contents that is underinsured in the judgment of the assessor, the insurance company applies the “average” clause, which means that the homeowner is regarded as sharing the liability to the extent of the underinsurance.
It is not always easy to determine the correct replacement value of your home contents. Winsure’s personalised service will ensure your needs are well known, and therefore ensure you are correctly covered so that you shouldn’t fall into the ‘average’ clause trap.
Winsure’s personalised service is especially valuable when you consider the complexity and variety of homeowner’s insurance, which is relatively cheap to buy, but may be an enormously expensive mistake if you get it wrong due to being underinsured.
What factors influence my home insurance premiums?
- Where you live
- Security measures in place
- Value of your contents
- Structure of your home
When taking out home insurance or household contents cover, consumers are comforted that their personal belongings inside their homes are protected against loss or damage. It’s those really costly items such as our furniture, appliances, entertainment systems, mobile devices, computer equipment, jewellery and clothing that drives us to take out an insurance policy but what […]
Your insurance policy has a renewal date which is the year anniversary of your policy. On this date, you will receive a renewal notification which often results in an increase in premium. The reason for this is Insurers may adjust your premium to cover changes in risk and claims-cost inflation expected over the coming 12 […]