Understanding your insurance terms and small print is important, but we don’t always have the time to do so.
This blog article explores this and offers some tips, applying mostly to short-term insurance.
Short-term insurance, generally speaking, refers to the cover for possessions; such as your car, your home and its content (furniture, televisions, appliances, etc.) as well as portable possessions (laptops, jewelry, cellphones, clothing, etc.). This cover applies to either the loss of a specific item or against a particular event over a period of time.
After the recent unrest which saw widespread looting and vandalism suffered in areas of Gauteng and KwaZulu-Natal between 9 and 19 July 2021, the loss count has revealed the true impact as devastating. In instances such as this, businesses might typically turn to their insurance provider to compensate for the losses. However, the catch is that most insurers do not cover political unrest and looting.
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