The Different Kinds of Insurance Available in South Africa

transfer the cargo between the point of origin and the final destination.

Motor Insurance

Motor insurance protects the policy holder against financial loss in the event of an accident or in the case of theft. It offers three different types of cover that effectively covers all bases – property, liability and medical cover

The property cover pays for the damage to or the theft of the policy holder’s vehicle

The liability cover pays for the policy holder’s legal responsibility to others in the case of injury or property damage or both

Medical cover pays for all medical costs relating to the policy holder including rehabilitation and loss of earnings

Property insurance

Property insurance safeguards the physical property of the insured against fire, theft, adverse weather conditions or other disasters. It is a wise idea to opt for all-risks cover that effectively offers blanket protection against all perils, not only the ones itemised in the policy should you choose specific insurance coverage instead.

Travel insurance

All travellers, whether taking a trip locally or abroad, are urged to take out adequate travel insurance. It offers cover for certain losses like medical expenses, travel delays, personal liabilities and the loss of expensive personal belongings.