Non-life insurance policies are originally issued for a 12-month period and they must be renewed annually on the anniversary date of inception of the policy. This renewal is effectively the continuation of cover, which is extended when both parties agree to continue with the relationship for another year. Insurance companies review the premiums, terms and conditions of the policy based on the performance of the client\u2019s portfolio. It is then up to the client to accept these terms or ask for alternative options from their broker.<\/p>\n\n\n\n
Your annual renewal also provides an important opportunity to review your policy and determine if anything needs to be amended:<\/p>\n\n\n\n
For Businesses<\/strong><\/p>\n\n\n\n For Individuals<\/strong><\/p>\n\n\n\n Policy renewal is the most opportune time to identify gaps in your current cover, due to changes in lifestyle or business. It is prudent to have a discussion with your broker a couple of months prior to your renewal to seek advice on covering these changes and perhaps ask them to test the market by obtaining alternative quotations.<\/p>\n\n\n\n Reach out to an Indwe advisor for the right risk and insurance advice. Visit www.indwe.co.za<\/a> or send an email to info@indwe.co.za<\/a>.<\/p>\n\n\n\n Indwe is an authorised Financial Services Provider. FSP: 3425<\/p>\n","protected":false},"excerpt":{"rendered":" Non-life insurance policies are originally issued for a 12-month period and they must be renewed annually on the anniversary date of inception of the policy. This renewal is effectively the continuation of cover, which is extended when both parties agree to continue with the relationship for another year. Insurance companies review the premiums, terms and […]<\/p>\n","protected":false},"author":1,"featured_media":1244,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1243","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general"],"yoast_head":"\n