Vehicle Insurance for all your vehicles is vital, especially if you consider the crime statistics and road conditions of South Africa. Apart from that, the number of unlicensed drivers on our roads is scary. All these issues pose grave financial consequences that the uninsured driver will have to face without the financial aid of insurance.
Financed vehicles are required to have Comprehensive Insurance. The financial institution or bank has to cover their asset (your car) until it is paid for in full.
Think of all the things that can happen to your car. If you do not have adequate Vehicle Insurance, you will end up having to pay for everything and that includes damage repair, mechanical failure repair, third party liability claims and more. Having to pay huge amounts when least expected is nobody’s idea of good fortune.
If you have nothing else, you should at least have Third Party Only cover. This is the least expensive form of Vehicle Insurance and covers the damage to another party’s vehicle if you were responsible for the accident.
Vehicle Insurance for cars can be divided into 3 cover options which are self explanatory:
Caravan Insurance is crucial if you go on a trip and covers you comprehensively at your house, on the road, as well as at your destination. Caravan contents should be insured under Caravan Loose Contents Cover or Portable Possesions insurance.
Motorcycle Insurance products cover your bike comprehensively against damage, theft and loss. Most policies include standard accessories like your helmet and GPS.
Trailer insurance covers your trailer at your home, on the road and at your destination. Trailer contents have to be insured separately under Portable Possessions insurance.
Watercraft also falls under Vehicle Insurance and covers your boat, jet-ski, catamaran and rubber duck against a wide variety of unforeseen events. Definitely a MUST!
Breakdown & Towing is a benefit that is included with Vehicle Insurance policies and can make life a whole lot easier!
Vehicle Insurance policies usually include Road Assist, Medical Assist and even Directions Assist. These benefits are included in your policy at no additional cost.