for my business
for specialised risks
I want to
Insurance for specialised risks
Insurance for agriculture
Call us on
For claims related queries
In response to the highly anticipated 2019 Budget Speech, Santam, South Africa's largest general insurer, encourages consumers to take the opportunity to look at practical ways to adjust their household budgets.
Andrew Coutts, Santam head of Intermediated Distribution, says: "After surviving a challenging 2018 and with further fuel and excise duties on alcohol and tobacco increases anticipated, many families will feel the financial pinch. Reviewing your financial budget annually, just like the government does for the country every February, is very crucial in ensuring that you are financially protected should anything happen to you or your much loved and treasured assets."
When times are tough, insurance is usually one of the first areas people consider to cut down on or eliminate entirely as a monthly expense. Although your recurring insurance policy may seem like it is causing a significant dent in your budget, it is important to consider all the risks and disadvantages that could result from cancelling your policy before you resort to any drastic decisions.
Instead of cancelling your insurance policy, Coutts provides households with some pertinent tips on how to get the most value from this recurring monthly payment:
Protecting yourself against the financial impact of life surprises
"To prevent unforeseen damage and losses, it is further vital for households to get professional advice from their brokers in order to accurately ensure that potential risk situations are accounted for," Coutts concludes.
By clicking accept, you agree to this, as outlined in our cookies policy.