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Insights Authors: All SmartInsure Team

Does the value of your car impact your premium?

SmartInsure Team

Your car insurance premium is calculated and based on your demographics and personal financial situation. But what impact does the value of your vehicle have on this equation?

Is comprehensive car cover compulsory with vehicle finance?

SmartInsure Team

Most South Africans rely on vehicle finance to purchase their dream car. But what happens if they are involved in an accident and the vehicle is declared a write-off?

Will you be covered if you die overseas?

SmartInsure Team

Travelling overseas can be the best experience of your life. Perhaps you plan to go base-jumping in Norway and quad biking along the Namibian dunes, or maybe you prefer exotic spa days and cocktails on the beach.

Why women could pay less for life cover

SmartInsure Team

Since South African women have a higher life expectancy than their male counterparts, insurance providers offer them lower premiums.

How to cover your possessions during a move

SmartInsure Team

Being a responsible tenant or homeowner means making sure you’re insured. So what happens to your household cover when you move to a new home?

What are the legal obligations when you’re in a car accident?

SmartInsure Team

We take a look at what the legal obligations are when you’re involved in a fender bender, or even a more serious accident.

How do you know you’re underinsured?

SmartInsure Team

As you move from one life-stage to the next, your family will grow, your home may change, and perhaps you’ll get a new car. But what does this mean for your insurance?

Does your premium go down with the value of your car?

SmartInsure Team

The moment you put down a deposit for your new car, it will start to lose its value. Therefore, vehicles are considered depreciating assets. Investors estimate that you would lose at least half of your investment by the time it’s paid off.

How is motorbike insurance determined?

SmartInsure Team

While stuck in traffic, you may be envious of the motorbike riders that cruise by your window. Not just because they’re able to skip the queue, but also because they pay less for maintenance and fuel, and they don’t require large parking spots.

Must I have my car inspected when I take out vehicle cover?

SmartInsure Team

When you apply for vehicle cover, your insurer may request that you have your vehicle inspected prior to having your policy activated.

How to choose a beneficiary for your life cover

SmartInsure Team

People take out life cover because they want to protect a particular beneficiary or beneficiaries from suffering a financial loss when they’re no longer able to provide for them.

Can improving your health reduce your premiums?

SmartInsure Team

Before taking out life cover, you will be subjected to a medical exam. This will require you to urinate in a cup, have your blood drawn, and be measured and weighed.

Can insurance companies access your medical history?

SmartInsure Team

Insurance fraud is common in South Africa, and there are a range of popular scams that manage to slip through, despite insurers’ best efforts.

Should you get term life cover or permanent life cover?

SmartInsure Team

When asked whether you have permanent life cover or term life cover, you may draw a blank. It’s difficult to understand financial terminology without a background in the financial sector.

When does your vehicle cover supply a rental vehicle?

SmartInsure Team

Car repairs can take days, even weeks that’s why it is important to know if car hire is included in your vehicle cover.

This is what determines your life cover premiums

SmartInsure Team

There are many things that influence the price you pay for your life cover. We took at a look at some of the main impacting factors.

Does car insurance cover the items you leave in your car?

SmartInsure Team

Ever wondered whether your car insurance covers loss due to a break in? Read it all here.

5 Eerie facts about South African roads

SmartInsure Team

The holidays are just around the corner, but before you set your sights on a dreamy destination, you should read up on these spine-chilling facts about South African roads:

All you need to know about funeral cover

SmartInsure Team

Due to an increase in the demand for funeral cover, we believe it is important for consumers to be informed so that they do not miss out on the benefits of the cover.

Are you completely covered at home?

SmartInsure Team

Many people believe that having home cover is enough to protect them. You must make sure that when you buy home cover it always includes content cover and all risk cover. Here is a guideline.

Credit life cover – know what you’re paying for

SmartInsure Team

Many people are unaware that they are being charged for Credit Life Cover. A misguided view is that credit life cover is only included when you take out a personal loan. We clear up this misunderstanding for you.

When can you take out life cover on someone else’s life?

SmartInsure Team

There are legitimate reasons to taking out cover on someone else’s life. Since life cover is financial protection against the loss of a life, having insurable interest involves proving how the loss of their life will financially impact your life.

The difference regulations have made for credit life insurance

SmartInsure Team

Credit life insurance regulations prescribe the minimum benefits that must be offered to consumers. The regulations aim is to limit the cost of credit life insurance. Here are the difference regulations have made.

How to avoid funeral policy pitfalls

SmartInsure Team

A Funeral policy will provide your family with the financial means to arrange your funeral without incurring large amounts of debt in the process. Here are several factors to consider.

Simplify your insurance cover in three easy steps

SmartInsure Team

Changing seasons can impact your insurance cover. You could end up paying more than you should. Simplifying your insurance can be a challenge. Here is how to do it in one clean sweep.

Can you consolidate funeral cover?

SmartInsure Team

Many South Africans believe they’re protecting their family by taking out multiple funeral policies, but they do not realise that it’s not the best financial decision at all.

Funeral cover versus life insurance - choose wisely

SmartInsure Team

It's really important to understand the difference between funeral cover and life insurance and how to use it to your advantage.

The benefits of having a financial advisor

SmartInsure Team

Do not underestimate the value that an independent, experienced broker can provide.

The long and the short of Credit Life Cover

SmartInsure Team

Not sure what this policy entails? Let us help you understand how it works and what benefits you have access to.

Things you need to know about Car and Home Cover

SmartInsure Team

Understanding your insurance is vital to avoiding surprises in the event of a claim.

Plan ahead to avoid financial turmoil

SmartInsure Team

Times are tough and the majority of SA’s consumers find themselves under immense pressure to fulfil their monthly obligations timeously. This does however not mean we cannot insure our financial future.

Understanding payslip deductions for insurance payments

SmartInsure Team

Having your insurance payments deducted from you payslip is always very convenient, but there could be hidden savings opportunities which you are not even aware of.

Insurance: What’s in it for me?

SmartInsure Team

Many South Africans, it would seem, cannot find a satisfactory answer to the question of why they would need insurance. As a matter of fact, a massive 70% of vehicles on our roads have no cover at all.