TAKE THE TIME TO UNDERSTAND YOUR COVER
Wednesday, February 4, 2015
According to Tom Tom South Africa, many South African road-users experience the frustration of spending extra time stuck in traffic. More time in daily traffic puts you at a higher risk of being involved in an accident. Luckily the cost of repairs is aleviated for those with vehicle insurance. Or is it? Have you or anyone you know experienced loss where the insurer did not pay out?
Recognising the importance of insurance cover is the first step. The next step is to take your time in understanding your cover to ensure that you will be compensated in the event of loss or damage.
Derek Wilson, Head of Hippo.co.za the insurance comparison website, says, “Insurers may not cover loss or damage to your vehicle in certain instances. Whilst you are insured for perils such as flooding, accidental damage, hail damage and theft, certain factors may result in a repudiation of your claim. This is mainly due to certain clauses in the terms and conditions of your cover that you may not be aware off.”
Some of these instances are:
“It is important to ensure that you take your time to read through your policy documents and understand your cover. Hippo.co.za allows you to compare from a range of different SA car insurer providers to help ensure that you have the best cover for your needs. 8 out of 10 people could save R427 per month* on their car insurance by using Hippo.co.za,” says Wilson.
Established in 2007, hippo.co.za is South Africa’s leading comparison website that helps consumers save money by comparing a range of SA providers across financial products such as car insurance, home insurance, life insurance, medical and more. Hippo is free to use and saves consumers the time and hassle of shopping around for the best deal since the Hippo.co.za website instantly retrieves real-time quotes from the different providers using the latest Internet technology. At least 8 out of 10 people could save an average of R427* per month on their car insurance.
Hippo.co.za makes money by simply charging its partners a fee when a customer chooses to find out more about their products. The results consumers see, and the order in which they are presented, is in no way influenced by the fee hippo.co.za charges its partners or any other factors other than the price of the product being compared.
Hippo Comparative Services (Pty) Ltd is an authorized financial services provider (FSP number: 16357).
*Average savings based on a representative market research survey conducted by Kaufman Levin Associates, on behalf of Hippo.co.za in May 2014. Risk Profile Dependent.