Covid-19 Outbreak SA Online Resource | Everything you need to know | More info
Insurance, Car Insurance, Funeral Cover, Life Insurance, Budget Insurance, Insurance Quotes, CompareGuru, South Africa.
Car and Household
Business
Life and Funeral
Car Insurance
Cover your vehicle
More Information
Get Quote
Pre-Owned Warranty
Cover the mechanical and electrical components of your vehicle
More Information
Get Quote
Extended Warranty
Cover the mechanical and electrical components of your vehicle
More Information
Get Quote
Scratch and Dent
Cover small dents, chips and scratches to your vehicle
More Information
Get Quote
Tyre and Rim
Cover damages to your wheels
More Information
Get Quote
House Insurance
Cover your home and everything in it
More Information
Get Quote
Commercial Car Insurance
Protect vehicles and drivers used in the day-to-day operation of your business against risks like financial loss, damage or personal injury.
More Information
Get Quote
Business Insurance
Provide cover against common risks and disruptions to business operations, such as theft, damage to property, employee / client injury and much more.
More Information
Get Quote
Directors and Officers Liability
Safeguard your business and key players from financial loss with the right policy.
More Information
Get Quote
Errors and Omissions Liability
Covers your business and employees against claims of negligence, poor workmanship, and more.
More Information
Get Quote
Life Insurance
Provide for your loved ones
More Information
Get Quote
Disability Insurance
Protect your paycheck
More Information
Get Quote
Serious Illness Insurance
Cover yourself for illnesses like cancer, Alzheimers, Parkinsons, strokes or heart attacks.
More Information
Get Quote
Funeral Cover
Protect your family financially and cover funeral expenses
More Information
Get Quote

News Room

5 Insurance Traps To Be On The Lookout For

Compare Guru
2015-09-26
There are many insurance myths and traps to be on the lookout for when taking out a policy.
Written By: Nic Bowen Here are just some of the traps and unread small print that many people fall victim to when applying for insurance: Thinking That Loyalty Pays Most people are under the false assumption that if they stay with their present insurance company that their premiums will drop, or that they will lose their no-claim bonus if they change insurance companies. Most insurance companies tend to give their best quotes to new customers, and some allow you to keep your no-claim bonus when swapping companies. That You Don’t Need A Motor Warranty Many insurance companies will try and persuade their customers out of spending money on a motor warranty, so it appears as though the company is giving that customer a cheaper deal. While an insurance policy covers third-party damage, theft and accident cover, it will not cover any factory faults or wear to your vehicle. This is what you need a motor warranty covers, and most companies offer motor warranties alongside their car insurance policies. Buying Third-Party Only Cover To Save Money Many people only buy the minimum amount of insurance required by the law thinking it will save them money. While it may save you a small amount on a month-to-month basis, you run the risk of losing thousands of Rands in the long term. And with sufficient shopping around you will find that many insurance companies offer comprehensive insurance for around the same price as third-party only policies. Forgetting To Check The Excess An excess is the amount you are required to pay yourself when claiming on your insurance policy. Certain companies offering extremely low monthly insurance payments, but their excesses are higher. Be sure to always check your excess and see which policy works best for you. Assuming That All Policies Are Identical Many people assume that one car insurance policy is as good as the next, and they don’t do any further research into the policy that they are buying. Certain insurance companies offer incentives that may apply to you as an individual, which is why it is always important to be completely aware of what the policy you are buying will provide you.
CompareGuru Social TwitterCompareGuru Social FacebookCompareGuru Social LinkedIn

Sign up to our Newsletter now, and don’t miss a beat.

Email Address
Name
Sign Up