Welcome to 2017; may it prove to be a fulfilling and prosperous year! For most of us the holidays have passed and it’s back to business – busy schedules, full agendas and big plans for the future.
Of course, as is tradition at the beginning of every new year, many of us are taking stock as we lay down our plans for the next 12 months. And there is no better time than this to review and revise the various financial products you own, from investment portfolios to insurance policies.
There are things that will affect the type and amount of cover best suited to your needs, and you should take all of this into account when you do your planning for the year ahead.
Perhaps you received some valuable gifts over the festive season that you want to cover against loss, theft or damage. Or maybe you did some renovations to your property that increased its value. These additions must be noted in your howeowner’s policy schedule for them to be covered against all the standard events that fall within your policy.
Maybe your family has expanded recently, and it’s time to think about adding some additional insurance products to your portfolio. Perhaps your children are inching ever closer to finishing school and heading off to university, and will be needing their own wheels to get around in soon.
If you travelled in your car during the holidays, you've increased its mileage – when was the last time you checked that your warranty is still in place? Did you know that Nedbank Insurance offers an extended motor warranty product, which could save you thousands in maintenance and repair costs?
Maybe you had to make a claim on one of your insurance policies. If this is the case – and even if it isn’t – it is very important to familiarise yourself thoroughly with the contents of your insurance policy schedule. One of the most common reasons for unsuccessful claims is non-compliance with policy terms and conditions. Therefore, we strongly urge all clients to know their policy contents and to read and ensure that they fully understand any updates communicated by their insurance
Break-ins, accidents, natural events and household mishaps are all part of the world we live in, and the reason we have insurance in the first place. However, it is essential that you, as the insured party, fully understand the terms and conditions under which your valuables are insured. Your insurance provider is required to explain the terms of your policy to you in such a manner that you understand them, and to answer any questions or queries you may have about them.
If you are unsure about any of the clauses in your policy schedule, you can contact us at any time for full clarification.
Please take a moment to give us your suggestions