WENDY KNOWLER | Making a dent: why pay more when you’re driving less? Insurers are smiling because less driving has resulted in less claims, but drivers aren’t necessarily seeing the benefits 14 February 2021 - 20:28
Most SA insurers gave their clients discounts on their car premiums during the first months of hard lockdown, but claims statistics show the industry is continuing to benefit from significantly reduced claims as work-from-home has become the new normal for many.
If you are paying the same premium for your car as you were this time last year, yet you’re now working from home for the foreseeable future and mainly shopping online hence your mileage and therefore your risk has drastically reduced you should need to have a word with your insurer about reducing your premium.
15 February 2021
Most South African insurers gave their clients discounts on their car premiums during the first months of hard lockdown, but claims statistics show the industry is continuing to benefit from significantly reduced claims as work-from-home has become the new normal for many.
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Statistics show the insurance industry is continuing to benefit from significantly reduced claims as work-from-home has become the new normal for many.
âââ 18:00 Thu, 21 Jan 2021
Unsuspecting used vehicle buyers are purchasing cars without knowing they have been previously written off because the registration code of the vehicle has not been amended to reflect this.
Not only does this lead to consumers purchasing a used vehicle at an inflated price but these rebuilt vehicles are often unroadworthy and dangerous to drive and require the new owners to spend a significant amount of money to get them into a safe and roadworthy condition.
This has resulted in the South African Motor Body Repairersâ Association, an association of the Retail Motor Industry Organisation, appealing to the SA Insurance Association to allow public access to the vehicle salvage database to allow consumers to check if a vehicle has been written off before concluding a transaction.