April 16 - Home insurance in South Africa is essential due to the high number of burglaries that plague the country. Whether you live in a gated community or dwell in informal housing you are not immune from crime and need to take the necessary precautions to safeguard your property and possessions.
We are definitely seeing a trend in short-term insurance towards a large increase in the number of South African home insurance policy holders. Affordable policies geared to service low-income groups have made this form of insurance a reality for the poorest members of our society for the first time.
In addition, the inability of the government to deal with crime means that South Africans who already have some form of coverage are more receptive to expanding their household and homeowners' policies.
As the general manager of Dial Direct South Africa, a leading home insurance provider, pointed out: "We live in a country where crime is rife, and everyone is at risk."
It doesn't matter how high your walls are or how many guards are supposedly patrolling your neighbourhood, anyone can be affected. The solution is to make sure that you take every possible precaution, including plenty of insurance in the event that the worst-case scenario becomes a horrible reality.
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