Archive for July 2021
Personal Insurance – House Contents: Be warned, Underinsurance penalties can be severe
Recent statistics revealed that South Africans with Household Contents insurance are Underinsured by a whopping 77% and even more alarming is that extent of this Underinsurance is 61%! So what is Underinsurance and why do insurers insert this penalty in their policy contracts? Underinsurance Defined Insurers add a clause to their contracts which stipulates that…
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