Before we kick things off, we need to clear a few dust bunnies away. Firstly, homeowners insurance is what we call plain old buildings insurance in our kingdom. It’s normally compulsory when you take out a home loan from the bank, and always a good idea if you’re a homeowner. Mostly (if not totally) because the actual structure of your home can be super expensive to repair out of your own pocket and it’s just way better to have the king handle these costs for you.
You could say that buildings insurance provides you with peace of mind and financial security in case of losses, damages, or other unforeseen events, that affect your home.
Our second bit of air-clearing has to do with brokers. We like brokers. In fact, if you want the king’s business insurance you have to work through your broker so that we can make sure that you’re getting the right cover and paying the right premium.
When it comes to getting insurance from King Price, we’ve made it super easy for you to deal with us directly. Our consultants are friendly and professional, our policy docs are written in plain English with no hint of insurance jargon in sight, and you can contact us in whichever way is best for you. You can call us, email us, and even WhatsApp us…
Of course, you may find it challenging (code for ugh) to find the right home insurance policy that meets your needs and budget and want someone else to handle it for you, which is perfectly fine. That’s where an insurance broker comes in.
So, should you use an insurance broker to get your homeowners insurance in South Africa?
Let’s review what it means to work with a broker
A lot of people talk about the pros and cons of using insurance brokers. We don’t think it’s as simple as that. Actually, we’d say that it comes down to what works for who you are, what your life is like, and what you have capacity for.
Here’s a look at what it means to use a broker:
- Advice: A reputable insurance broker should be an expert in insurance and risk management and can help you assess the scope of your insurance needs so that you can avoid under-insuring or over-insuring your home.
- Representation: Insurance brokers represent your interests and shop around to find the best value in terms of cost and cover, which you may not have time to do.
- Impartiality: Insurance brokers work for you and are meant to help you with unbiased advice and recommendations.
- Cost: Insurance brokers charge a commission or fee for their services and this cost can be higher than buying insurance directly from an insurance company.
Is a broker right for you?
The reality is that you may not have time to shop around or gather quotes. You might not have an idea of the facts and figures relevant to insuring your specific property for the right amount. In this sense, using a broker to get your homeowners insurance in South Africa could be a good idea. After all, the right broker charges his or her fee to know all the things, do all the legwork for you, and represent your needs.
And that’s all really beneficial.
Of course, in our kingdom, our goal is to make sure that you have exactly the right cover at the right price, so you can be completely sure that when you come to the king for homeowners insurance, or buildings insurance (we don’t mind what you call it), we’ll ask all the right questions and give you all the info that you need to make an informed decision.
We’re not in the business of confusing you, we’re in the business of helping you get simple cheap insurance that protects you from the financial consequences of loss or damage.
Interested in the king’s homeowners insurance?
We know all too well how valuable your castle is to you, which is why our buildings insurance covers everything that’s part of your property, from the geysers, gate motors and garages, to boreholes, tennis courts, and even pools and pipes. It’s comprehensive, it’s simple and cheap, and you get the benefit of our royal service… All under 1 roof!
Want to take a minute or 2 to see what our royal buildings insurance costs? Thankfully, it’s really easy. Get in touch with us via WhatsApp on 0860 50 50 50 or you can get the ball rolling by clicking here to get a commitment-free quote online.
