{"id":237,"date":"2012-06-25T09:39:00","date_gmt":"2012-06-25T09:39:00","guid":{"rendered":"https:\/\/www.indwe.co.za\/indwe-blog\/2012\/06\/25\/why-do-insurance-claims-often-lead-to\/"},"modified":"2012-06-25T09:39:00","modified_gmt":"2012-06-25T09:39:00","slug":"why-do-insurance-claims-often-lead-to","status":"publish","type":"post","link":"https:\/\/www.indwe.co.za\/indwe-blog\/why-do-insurance-claims-often-lead-to\/","title":{"rendered":"Why do insurance claims often lead to disappointment?"},"content":{"rendered":"

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Unfortunately, some vehicle owners (after being involved in an accident), occasionally get the very unpleasant news that their insurance claims will not get paid because they had a third party drive their cars at the time of an accident. It\u2019s also the last thing you want to hear after going through something traumatic. On top of that, in today\u2019s economic climate, it\u2019s surely a scenario that everyone wants to try and avoid.<\/p>\n

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Joe Szemerei, executive head of Indwe Risk Service\u2019s direct division says that many clients often only read their insurance policies properly when they need to make a claim: \u201cIt is important that you fully understand what your insurance will cover you for and to ensure that you are not underinsured,\u201d says Szemerei. \u201cWe find that people are often so busy trying to get the cheapest possible insurance cover that they don\u2019t check their policy properly and often end up not being adequately insured\u201d.<\/p>\n

Considerations like excesses, insured values and unstipulated items or conditions often only come into play when a client wants to make a claim. \u201cClients should read their insurance policies carefully, from cover to cover, to prevent nasty surprises at claim stage\u201d, recommends Szemerei.<\/p>\n

When an insurer quotes on insurance cover, various factors are considered. These range from the make and year model of the vehicle, to who the driver is, what the vehicle will be used for and the client\u2019s previous claims history.<\/p>\n

The rising cost of vehicle repairs is also taken into account so, while the value of your vehicle will depreciate annually, the cost to repair it should it be in an accident or gets damaged, rises. \u201cDue to the high number of accidents that take place in South Africa, the repair of accident damaged vehicles is the biggest cost for insurers\u201d, says Szemerei.<\/p>\n

The cost of repairing a vehicle and parts used increase every year, even though the car value has depreciated. In view of this, premiums have to increase to keep in line with these costs.<\/p>\n

This is why it is so very important to always read the fine print and make sure you understand your insurance cover completely. Not only will this enable you to make the correct choice on the type of insurance you need, but you\u2019ll also save yourself from being underinsured.<\/p>\n

To avoid making this from happening in the future, always remember: When signing with the provider with the lowest rates look at their level of cover, client service and value-added benefits<\/p>\n