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save on your bud­get and main­tain your in­surance cover at the same time.

Short-term in­surance:

Re­vise your ex­cess: An ex­cess, or de­ductible, is the amount that you have to pay when­ever you make a claim on your pol­icy. This amount is de­ducted from the to­tal amount paid out from the in­surer fol­low­ing a claim. In­creas­ing your ex­cess is one way to re­duce your pre­mium. It would, how­ever, mean that a higher amount would need to be funded by you in the event of a claim. It is then im­por­tant to keep in mind that you would need sav­ings or other fund­ing to cover the in­creased ex­cess if you need to sub­mit a claim.

Con­sol­i­date your in­surance: There are of­ten sav­ings avail­able through hav­ing all your valu­able as­sets cov­ered with one in­surer rather than many. Hav­ing car, house­hold and build­ing in­surance with the same in­surer typ­i­cally re­sults in a lower to­tal pre­mium.

Adopt safer driv­ing habits: Driv­ers who avoid dan­ger­ous sit­u­a­tions on the road and abide by the road laws are less likely

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