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Insurance body says looting claims will run into billions, urges affected members to make contact

Insurance body says looting claims will run into billions, urges affected members to make contact
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Cyril ramaphosaSa special risks insurance association sasriaSa insurance association saiaRisks insurance associationPresident cyril ramaphosaச காப்பீடு சங்கம் சியா

Car insurance claims drop during lockdown, but premiums don t follow

Reduced risk should lead to reduced premiums, right? Unlikely, but you should still try says Wendy Knowler on The Money Show.

Wendy knowlerBruce whitfieldFinancial sector conduct authoritySa insurance associationSa insurance association saiaAugust septemberMoney showவெண்டி தெரிந்தவர்காயங்கள் வைட்ஃபீல்ட்நிதி துறை நடத்தை அதிகாரம்ச காப்பீடு சங்கம்ச காப்பீடு சங்கம் சியாஆகஸ்ட் செப்டம்பர்பணம் காட்டு

What we find underneath shells of resold written-off cars is just shocking

What we find underneath shells of resold written-off cars is just shocking 22 January 2021 8:06 PM second hand According to a Moneyweb article, unsuspecting used vehicle buyers are purchasing cars without knowing they have been previously written off because the registration code of the vehicle â possibly through fraud, bribery and corruption â 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.

South africaSouth africanRichard greenRetail motor industry organisationSa insurance association saiaMotor body repairer associationAfrican motor body repairer associationRichard greensSouth african motor body repairer associationAfrican motor body repairerரிச்சர்ட் பச்சைசில்லறை மோட்டார் தொழில் ஆர்கநைஸேஶந்ச காப்பீடு சங்கம் சியாமோட்டார் உடல் பழுதுபார்ப்பவர் சங்கம்ரிச்சர்ட் கீரைகள்

Write-offs being sold to unsuspecting used-vehicle buyers

Vehicle repair association wants insurers to give consumers access to the vehicle write-off register. 00:01 Having begun its âsecond lifeâ as a result of nefarious activity, a rebuilt write-off will invariably be dangerous to drive. Image: Shutterstock Unsuspecting used vehicle buyers are purchasing cars without knowing they have been previously written off because the registration code of the vehicle â possibly through fraud, bribery and corruption â 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.

Cape townWestern capeSouth africaPamela ramagagaTransunion africaFord rangerKriben reddyThabiso mahambaRichard greenPhetho ntabaRetail motor industry organisationNational consumer commissionAfrican motor body repairer association sambraSa insurance association saiaSouth african motor body repairer associationEast london based thabiso mahamba