March 12 - Short term insurance for your car and home is absolutely essential but many of us in South Africa tend to view our premium payments in a different light. If money becomes tight keeping those policies paid for is not always at the top of the list and that is not only a big mistake but is often also illegal.
If you have a bond for your house or your car is financed, as is the case for the vast majority of South Africans, then you are legally obligated to have insurance for those assets. They belong to the institution that loaned you the cash, and those lovely corporations would like to see their investment protected.
So what happens when the unforseen and the unthinkable happens? You lose your job, or become seriously ill, and cannot pay for necessities never mind insurance premiums. Fortunately there are some insurance companies that care about their clients, and Dial Direct is one of them. They offer waiver cover for up to 6 months on your policies in the event that you lose your job or contract a "dread disease".
Dial Direct is also a lot less impersonal than a monolithic corporation that has an insurance section. You can call them and reconfigure your policies if you have cash flow issues. A policy that has lower levels of coverage and reduced premiums is a lot better than no policy at all.
Insurance by its very nature is all about thinking ahead and preparing for any eventuality. Go with an insurer that will stand by you in the bad times as well as the good, because you never know what surprises life may bring.
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