Covid-19 Outbreak SA Online Resource | 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
Home Insurance
Cover your home and everything in it
More Information
Get Quote
Commercial Vehicle 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
Commercial 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
Domestic Worker Insurance
Cover the person that looks after you and your family everyday
More Information
Get Quote
Menu
Home
About Us
Domestic Worker Cover Quote
Life Insurance Quote
Car Insurance Quote
Funeral Insurance Quote
Extended Warranty Quote
Pre-Owned Warranty Quote
Scratch and Dent Quote
Tyre And Rim Quote
News Room
Meet The Team
Careers
Providers
Insurance
Car Insurance
Building Insurance
Household Contents Insurance
Life Insurance
Disability Insurance
Serious Illness Insurance
Domestic Worker Insurance
All Risk Insurance
Funeral Insurance
MotorVAPS Cover
Commercial Insurance
Commercial Vehicle Insurance
Directors and Officers Liability Insurance
Errors and Omissions Liability Insurance
Support
Contact Us
Terms of Service
Privacy Policy
Disclosures
Client Letter
POPI Act
PIA Act
CIM Policy
Complaint Escalation
TCF Form

News Room

5 Types of Insurance You Might Not Have Known About!

Megan Ellis
2017-06-13
We all know you can insure your home and car, but did you know you can get your wedding insured? We look at the different types of insurance.
We are generally quite familiar with general insurance types such as medical, home, car and life policies. However, there are some specialist types of insurance which are targeted towards niche customers. CompareGuru takes a look at some specialist insurance you may not know about.

1. Wedding Coverage

With the cost of many modern weddings soaring, it’s no wonder there are people willing to take out an insurance policy on the big day. Wedding insurance covers everything from unforeseen cancellation, damage to attire and even stolen wedding gifts, Knot.com says. Like travel insurance, you generally pay a once-off amount to have a specific event or trip covered. Some may see it as a waste of money and just an extra cost for unfortunate parents. But it can actually protect those who have banked a lot of money on their wedding day. You could even get policies that cover the rescheduling of a wedding in the case of illness of the engaged partners, severe weather conditions and vendors who don’t show up. These policies, however, don't cover the cases of cold feet!
Read More about Pet Insurance Below

2. Divorce Insurance

Should the big day go well, but things don’t work out after that, there is such a thing as divorce insurance!  And you thought prenuptial agreements were already a tricky topic. Imagine trying to talk about insurance policies for divorce with your spouse. While it is a relatively niche offering, more companies are starting to offer this type of coverage. These policies pay the client a lump sum in the event of their marriage being dissolved. According to InsuranceQuotes.com, these policies are aimed at covering attorney fees, court costs, rent and other costs related to getting a divorce. These policies are sometimes also called marriage insurance or wedlock insurance. While it may sound pretty pessimistic to take out this type of insurance, companies point to divorce statistics as a motivator for clients.

3. Kidnap and Ransom Coverage

Most of us aren’t important enough to qualify for this type of insurance, but it does exist. This kind of policy is often taken out by companies for key staff members (such as a CEO) travelling to an at-risk country. However, companies who take out these policies generally keep it under wraps. After all, they don't want it to act as a motivation for would-be kidnappers.
“The real value behind having Kidnap and Ransom insurance is not only having the policyholder reimbursed for the cost of the ransom, but rather unlimited access to a team of specialized response consultants...who provide the best kidnap response advice services and dedicated support to secure the hostage’s safe and timely release with minimum disruption and minimum hardship,” specialist underwriters SHA say.
It is essentially a more extreme version of key person coverage. This more mainstream type of policy provides coverage for a business should an essential staff member become incapacitated or die.
Looking for the lowest quote for your insurance premium? Compare now and start saving today!

4. Tuition Coverage

Education is increasingly becoming more expensive and unaffordable. This means that a student who has to unexpectedly leave university faces a devastating loss of their investment into their futures. As a result, some companies are starting to offer tuition insurance. These policies cover the expenses of a student’s education in the event of uncontrollable circumstances which prevent attendance. These include health problems and death of the student’s guardians. Some policies will also help a student pay for tuition should they no longer be able to afford it.

5. Weather Insurance

If you live in a place like Cape Town, you’ll know just how quickly the weather changes. While you can’t control the weather, insurers are offering clients specialist policies instead. Weather insurance, according to Investopedia, covers financial losses related to an event that had to be cancelled due to the weather. That is a pretty specific type of policy. These policies can be taken out for weddings but are often used by filming and event companies. Bad weather during a movie shoot, for example, can cost thousands in additional fees. Also, imagine the cost of cancelling a huge concert or ceremony due to snow or a severe storm. At least companies and people now have an option to protect themselves… Know of any other types of specialist coverage? Let us know in the comments below…
CompareGuru Social TwitterCompareGuru Social FacebookCompareGuru Social LinkedIn

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

Email Address
Name
Sign Up