Theres no question about it these are tough financial times for many South Africans, so finding ways to reduce expenses is top of mind for many households. Having insurance as a financial safety net is an important safeguard in times of uncertainty, but the cost of having the right amount of cover doesnt need to break the bank. By applying a few smart strategies, you can ensure that you are as prepared for the unexpected as possible, while keeping your premium budget-friendly.
Providing South Africans with practical ways to save on insurance while maintaining a healthy financial outlook is Marius Kemp, Head of Personal Underwriting at leading short-term insurer, Santam. Saving on your insurance premium doesn't have to mean cutting corners on coverage,' he says. 'By making informed decisions and making a few small but meaningful adjustments to your policy, you can ensure that you're well-protected while keeping costs in check. It's all about balancing smart savings with the right level of coverage for your needs.'
Marius Kemp recommends these 7 tips
Ditch the car hire
The first thing you could consider is removing car hire from your policy. This would of course mean that in the event that your vehicle needs to go in for repairs or be replaced, you would need to make your own interim transport arrangements.
