Plan for the unexpected, be insured

3/02/2016


Every day, people are required to face the unexpected. Why? Because life happens. And because life happens, one can never predict when insurance will be needed. Insurance is about keeping your life on track and making progress, no matter what occurs.

Getting the protection you need for yourself, your family and your assets can be a bit overwhelming. But it doesn't have to be. Here's some information to help you make sure all your bases are covered.

Health Insurance
If you get sick or need ongoing medical treatment, the last thing you should worry about is how to pay the bills. Private health insurance can help reduce the cost of hospital fees and other expenses, so you can focus all your energies on getting better. Always, look for a policy that includes the health and medical services that you want.

Car Insurance
Your car, like your home is a valuable asset you use every day. If it is stolen or damaged in an accident it can be very expensive to repair or replace. Car insurance will pay to repair or replace your car if these events occur.

Income Protection Insurance
Income protection insurance pays you a regular income if you can't work because of sickness or disability and continues until you return to paid work or you retire. Income protection insurance is also known as permanent health insurance.

Disability Insurance
Your paycheck helps you maintain your current way of life. If you find yourself unable to work, disability insurance will provide cash to help ease the financial stress of a covered illness or injury.

Home Contents Insurance
It is a good idea to take out home contents insurance to cover your possessions against fire, theft and other risks, such as accidental damage. If something happens to destroy or damage your possessions, it can cost a lot of money to replace them items, some of which may be essential.

Life Insurance
If there are people who are financially dependent on you, you need insurance to protect them. Therefore, the amount of life insurance you purchase should be sufficient to support your dependents in the style in which they are currently living.

Burial Insurance
The costs of dealing with the body after death can sometimes shock people. There are a large number of things to take care of, including the transfer, funeral, burial, and more. All of these can easily combine to cost thousands of rands. Burial insurance is there to help cover these costs.

Once you have decided that you want insurance it's a good idea to get a few quotes from different companies. It's important to compare like with like and not go with price alone.

A cheaper quote may mean that there are more exclusions or a higher excess. Exclusions are things for which you're not covered, and the excess is the amount of money you will have to pay towards the claim.


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