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After over a year of lockdowns, many South Africans have vastly changed circumstances. Managing one’s finances and finding ways to cut unnecessary expenditure has never been more important. As National Savings month draws to a close, South Africa’s leading short-term insurer Santam shares tips on how decluttering your insurance can help you ensure you are adequately insured at the right price.
Contracts with short-term insurers tend to be automatically renewed, which means cover may be outdated and inadequate. It’s vital to do annual check-ins to go over the finer details and ensure a policy is up to date. An annual insurance ‘spring clean’ is highly under-rated and should be part of getting a financial house in order. Plus, it might save money in the long run.
Marius Neethling, Personal Lines Underwriting Manager at Santam, gives five tips on how you can clean up your insurance policy.
Neethling concludes, “It is important to ensure that you update your insurer about any major changes to avoid any disappointment when an incident that requires you to claim occurs. Help us help you by ensuring that you are adequately insured for your household contents, building and vehicle.”
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