How Crime In South Africa Impacts Your Insurance |
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January 24 - The crime rate in South Africa continues to rise unabated in 2007 and it impacts upon all of us, not least when it comes to short-term insurance policies for valuable possessions such as your car. Motor vehicle insurance premiums are set to rise this year for a combination of reasons. The first and predominant reason is crime, particularly car hijackings. Santam was reported as saying that the rate of carjackings has spiked upwards in 2007, and this alone will lead to more expensive car insurance rates for all South Africans. The other contributing factor is the increase in the price of new cars. The Rand, as always the bane of our existence, has weakened of late against the big foreign currencies, which means that car prices are up by as much as 3% this year. Since a stolen car is now more expensive to replace than it was a year ago your car insurance rates will reflect this in 07. So what can you do to help yourself? The key is to try and prevent your car from being stolen in the first place - that unfortunately is not usually up to you (no one wants to be involved in a hijacking). Once a car is stolen your premiums will go up regardless of whether or not the car is recovered. So although vehicle tracking devices will help to recover the car you might find yourself still paying more than before. Be vigilant and careful. Never think it cannot happen to you, and don't take any chances. Hey, let's be careful out there! Related Insurance Articles: * South African Unemployment Insurance For All * How To Ensure Your South African Car Insurance Pays Out * A South African Insurance Guide Check List * Used Car Insurance Questions And Answers * Car Insurance Will Lapse If You Drive Drunk * Pay Lower Car Insurance Premiums In South Africa * Why Travel Insurance is so Important * Medical Insurance In South Africa And Why You Need It 
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| 3/14/2010 7:05:00 AM | |||||||||||||||||||||
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