June 6 - The second insurance myth that costs South African policyholders a lot of money is the belief that you should only have insurance for events that are likely to happen.
Everyone knows that you buy policies to protect you from potential financial disasters that you could not cope with on your own. If your vehicle is hijacked, a common SA phenomenon, it can be replaced by car insurance. That's one type of catastrophe that no one is willing to gamble against. But many South Africans do not have the necessary homeowner's coverage.
You think there is a chance that your house may be burgled, but that the chances of your house being destroyed - say by fire or flood - are relatively remote. The point is that no one ever thinks these things will happen to them. But what if it did happen? Will you be financially ruined as a result.
A lot of us are "penny-wise and pound-foolish". We'd rather try to save a buck or two on our monthly premiums and then end up losing thousands because we did not have the right coverage or enough coverage. Do not fall into this lamentable category.
If you're not sure what amount of coverage you need, or what policy you should buy why not speak directly to the insurance company? Give Dial Direct a call at the following number and they can give you a cheap quote and provide you with advice: 0860 10 45 76 the number is toll-free (penny-wise) and it could save you a fortune (pound-wise too!)
Related Insurance Articles: * How To Avoid Insurance Scams * Three Simple Ways To Lower Your Insurance Costs * Expensive SA Inusrance Myths - Part 3 of 3 * How To Shop For Car Insurance In South Africa * Expensive SA Insurance Myths - Part 1 of 3 * A Small Saving With Insurance Premiums - What It Really Means * Learn How To Lower Your Premiums * Santam To Launch New Home Insurance Product
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