Category: South Africa / Insurance / Short Term Insurance

 

Why Short Term Insurance?

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Ever thought what would happen if your car got stolen, hijacked, damaged, or your house burgled, flooded during a storm etc?  We all hope (and some believe) it won't happen to us, but reality is:  it does happen!  Usually when we least expect it and cannot afford the loss.

A short term insurance policy provide cover against loss, damage, liabilities and more.  You pay a premium (either monthly or annually) to an insurance company who in return provides the cover to compensate you when you suffer a loss on insured items.

The insurance company determine your premium based on your risk profile (age, gender, where you live, security measures, item insured, value of the item, claims history of the insured etc.)

High risk = high premium and low risk = reduced premium.

Short term insurance policies consist of the following sections:

-  Household Contents

-  Houseowner's Insurance

-  All Risks Insurance

-  Vehicle Section

-  Watercraft

-  Personal Liability

-  Personal Accident

The policy wording should be analyzed in conjunction with the policy schedule to determine cover, excesses, extensions, conditions and exclusions.

Also see

Car Insurance

Home Insurance

Household Insurance

Homeowners Insurance

Glossary of insurance terms

About Short Term Insurance

Short term insurance companies

Insurance Brokers (by Province)

Ombudsman for short term insurance

History of Insurance

Definition of Insurance

Understanding Insurance

Hints & Tips

Insurance Fraudline

For an immediate short term insurance quote, call 0860 104 314

or complete the online quote form below:

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