14 Jun

Ever took out a loan from the bank or bought something on credit? You might have been sold what is called consumer credit insurance, which provides cover in the event that you can no longer afford to meet your credit repayments for specified reasons. Consumer credit insurance provides…

14 Jun

Motor Insurance is a contract by which an insurance company undertakes to either compensate the policyholder for loss suffered and/or damage to the vehicle or third party legal liabilities, caused by an accident, in exchange for a premium. Just like any other contract, all insurance policies require due…

14 Jun

Disputed insurance claims are a common feature in the insurance industry, the world over. The recent uproar over a decision to reject a R2.4 million life insurance claim due to non-disclosure by health and insurance group, Momentum, in South Africa brings the issue of non-disclosure of material facts…

14 Jun

Insurance companies have often been accused of being fraudulent and “always” trying to find excuses to avoid paying out claims. Often times, these claims are raised when an insurance company refuses to settle a claim on account of exclusions. What you should understand as a policyholder is that…

14 Jun

One of the common complaints that the Insurance and Pensions Commission has been receiving from policyholders since October 2018, is that of insurance companies applying the condition of average on loss or damage to insured assets. The most dominant complaints have been with regards motor vehicle insurance. What…