IconAccounting & Tax
IconAppraisers & Valuers
IconArbitration Services
IconAssessors & Loss Adjusters
IconAssist and Lifestyle Benefits
IconAssociations & Institutes
IconBBBEE Consulting and Verification Agencies
IconBroker Acquisition Financing
IconBrokers for Brokers
IconBusiness Process Management
IconBusiness Process Outsourcing
IconCall Centre Outsourcing & Sales
IconCompany Secretarial Services
IconConsumer Protection
IconCorporate Governance
IconCredit Bureaus
IconDebit Order Collection Facilities
IconDefensive Driver Training
IconEducation and Training
IconEmergency Medical Rescue
IconFire, Storm, Flood Damage Specialists
IconForensic Investigation Services
IconHuman Resources
IconIndustrial Cleaners
IconInformation Technology and Software Partners
IconInsurance Companies
IconLightning Damage & Surge Protection Specialists
IconNiche Insurance Products
IconOutbound Sales
IconOutsourcing Companies
IconPolicy Administration
IconPremium Financing
IconPublic Loss Adjustors
IconRating Agencies
IconReference Books & Material
IconRegulatory Authorities
IconRisk Finance
IconRisk Management
IconRisk Surveyors
IconSalvage Operators
IconSpecialized Claims Investigations & Assessing
IconSurveys and Research
IconTraining Courses & Workshops
IconUnderwriting Managers
IconVehicle Accident Management
IconVehicle and Household Risk Inspection Services
IconVehicle Tracking
IconWellness Programs
IconWholesale Brokers
  Subscribe To »

Keeping your 2021 in check






Bertus Visser, Chief Executive of Distribution at PSG Insure

The new year is in full swing already, but for those who enjoyed a festive break, holding on to that holiday feeling might be quite tempting. Procrastinating can be peaceful to a point but delaying some important upgrades to your insurance cover could become quite a depressing reality check.

Visiting restaurants and partaking in other leisure activities are somewhat restricted or different with masks and the like, so some of our leisure spending has perhaps shifted towards making home the happiest place it can be.

The holiday period and any extra income could also make for some changes at home.  If any of the following examples outline your own experience, your insurance might be needing an upgrade. 

You renovated your home

Perhaps you have added an enclosed braai room, a new patio, a home office, or an extension to the kitchen. While your first instinct might be to focus on complying with the regulations that apply, you should not forget that insurance needs to be updated to cover whatever improvements you make. These costs need to be collectively included in your property’s replacement value and insured accordingly.

You added an extra layer of security

Security improvements are worth considering when it comes to your cover. Not only do these keep us extra safe, but they can have a positive impact on your insurance premium, within terms and conditions. While it’s always better to check if the security upgrades will influence your premium before you make them, with crime being more prevalent as economic times get tougher, it’s never a bad idea to take extra precaution. 

You upgraded your entertainment

A new TV, sound system or perhaps a gaming console could be additions to your living space. Spending more time at home makes these purchases worth it as they are likely to be used more, but they also need appropriate insurance cover. What you spent or what was spent on you to own these items, must also go into your total contents insurance cover.

You bought new clothes

A handbag might be part of the mix or perhaps some sports equipment too. Unless you manage to get a bargain, clothing and accessories are generally expensive to buy new. All of your goods and garments should be collectively accounted for, within your contents cover. Just think of the total cost of new running shoes, that designer coat and new watch alone. It can be very pricey to replace a wardrobe if a flood or fire destroyed it, especially without adequate insurance.

You added to your gadgets and bookshelf

Be it kitchen appliances, a new laptop or even some cooking books, items like these also need to be considered. They might seem small but when you add everything up, it could cost a lot to replace new, so they should count towards your total contents cover. Some items are likely to leave the house with you, but some won’t require cover like others do. A cookbook will certainly not need cover like a laptop would.

These are just some examples. Thinking about your own home and recent additions or purchases should hopefully inspire a game plan. The new year is a nod to checking in on your cover to ensure your bigger picture is accounted for, always.

Source: PSG Insure
« Back to previous page Print this page » |

Breaking News »

Allianz Risk Barometer 2021: Covid-19 trio tops South Africa and global business risks

10th Allianz survey: Business interruption, Pandemic outbreak and Cyber incidents are the top three business risks for 2021 – all strongly interlinked. Cyber incidents, Business interruption and Pandemic ...
Read More »


Introducing our new eNews App

Insurance Gateway is thrilled to introduce our brand new electronic newspaper. The final product is available as both a mobile and desktop application. Our aim with the app was to develop an electronic newspaper ...
Read More »


Introducing Insure Cloud, your SaaS short term insurance platform

Stepping into the market   During the pandemic COVID-19 many industries along with the insurance sector experienced a time of uncertainty followed by a sudden change and growth in technological and digital ...
Read More »


Allianz Begins Eight-Year Worldwide Olympic & Paralympic Partnership

Official start of worldwide partnership with Olympic & Paralympic Movements Allianz expands local initiatives to engage and bring together athletes, teams, volunteers and fans in more than 200 countries Backs ...
Read More »


More News »


Healthcare »


Investment »


Life »


Retirement »

Advertise Here

From The Glossary »


Original Policy Number:

Original Policy Number descriptions.
More Definitions »






Contact IG


Media Pack


RSS Feeds

By using this website you agree to the Terms of Use.
Copyright © Insurance Gateway (Pty) Ltd 2004 - 2021. All Rights Reserved.