The new year brings fresh opportunities to reassess your budget, and reviewing your insurance cover can be a great way to start saving. With insurance options at your fingertips, it’s easy to make decisions on the fly, but choosing the right cover requires careful thought.
King Price Insurance offers value-packed solutions to for your car and other risks. Here’s how to make the most of your options while avoiding common traps.
Look beyond low premiums
Choosing an insurance policy based solely on price can result in limited cover. For instance, third party only car insurance may save you monthly, but you could end up paying millions (we’re not joking!) if an accident that you cause ends up damaging other people’s stuff. King Price’s comprehensive car cover protects your car in the event of loss or damage, and covers your liability, thus bringing you peace of mind.
Choose an affordable excess
An excess is the first amount payable when you claim, and it’s due by you. Check your policy schedule if you can’t remember the basic excess you’ve chosen, and bear in mind that you may be liable for additional excesses in certain circumstances.
A high excess may reduce your monthly premium but can be challenging to pay when you need to claim. Select an excess amount that won’t strain your finances during a claim. The good news is that it’s never too late to change it… Simply call or WhatsApp King Price on 0860 50 50 50 or log on to our self-service portal.
Read your policy doc carefully
Does your car cover come with emergency roadside, accident and medical assist services? Is your engagement ring covered when you’re on holiday? There’s an easy way to check: Just refer to your policy schedule, which details the cover you’ve chosen. It’s also a good idea to read though our KPPD (policy doc) to see what’s possible when it comes to adding cover for your needs.
Account for high-value items
In order to prevent being underinsured, it’s critical to take stock of your home contents regularly, and to update the insured value for these items to reflect their total replacement value at today’s prices. To get you started, here’s an inventory template.
Kickstart your new year with King Price’s competitively priced insurance for (just about) everything you own. With unique benefits, including comprehensive car premiums that decrease monthly as your car loses value, discounts for insuring multiple vehicles, and paying just R1 per month to insure golf clubs, bicycles and hearing aids if you have comprehensive car cover, King Price has options that cater to your budget and your unique risks.
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Click here or WhatsApp us on 0860 50 50 50 for a commitment-free insurance quote.
Psst… This blog provides general info only, and doesn’t count as financial or product advice from King Price or our legal and compliance experts. Remember, all our premiums are risk-profile-dependent, and T’s and C’s apply. Our most up-to-date KPPD (policy wording) can always be found here.
Our website T’s and C’s can be found here.
King Price Insurance Company Ltd is a licensed non-life insurer and registered financial services provider. (Reg no. 2009/012496/06 | FSP no. 43862)
