I apologise for exposing her numbers, not for standing up for myself - Somizi
839 people succumb to COVID-19 bringing death toll in SA to 38,288
If interest rate remains stable, 2021 to bring more surprises in property market
Why do we have fewer women in public discourse?
Report finds unfair racial discrimination evidence by three medical aid schemes
ANC serves Carl Niehaus with notice of suspension
What do flatulence-filtering undies (for real) have to do with Donald Trump?
Top universities offering 1,500 free courses online. Grab the opportunity!
Sars drops ball with eFiling changes - 'We're working hard to convert service'
There's (still) a hippo on the loose in Fourways! Here's what you need to know
6 trends that will drag us along in 2021 – life will never be the same again
Enjoy the 702 Soundtracks Of My Life
Ultramarathons are popular – but are they good for you?
Kaizer Chiefs’ Johannes ‘Ryder’ Mofokeng dies
Film may miss most of the action because I was too fast for the cameras - Sono
Saftas to recognise YouTube, Instagram and Facebook content producers
'Wandi Nzimande had the skill to tell great stories', says Bathu founder Theo
SAMA27 unbundles amaPiano, Gqom and Kwaito genre
Social media bans might raise problems for free speech in the future - Expert
'US dodged bullet by upholding its Constitution after Trump second impeachment'
Telegram now counts 500m active users. 'People are rebelling against Facebook!'
Seychelles President hopes to vaccinate 70% of nation's population by mid-March
Uganda elections: People suspect vote rigging because of internet shutdown
Covid-19 vaccine: Government may have to milk bone-dry taxpayers some more
Economy in 2021: 'Expect a better year for South African assets'
Elon Musk slips to no 2 in 'richest' rankings (but earns Andy Rice's hero award)
No traffic and everyone’s at home… Some short-term insurers offer lower premiums
Companies who provide short-term cover for things such as our cars and household content suddenly carries a massively reduced risk burden.
There are hardly any cars on the roads, and everyone is at home with their stuff.
The Money Show’s Bruce Whitfield asked consumer journalist Wendy Knowler, “Are our premiums dropping?”
Not so much, was her reply.
There are, however, some exceptions.
Knowler mentioned newcomer “Naked” and its policyholder flexibility as coming into its own during the lockdown.
It reduced its premiums from 27 March 2020 to 30 June 2020, or longer if the Covid-19 pandemic results in significant changes to how often people drive.
When its clients need to drive to a shop, they just click “resume accident cover” on an app and it’s done instantly.
Done shopping?
Just hit the “pause” button!
Naked clients on this special contract (called “CoverPause”) pays roughly 10% of their usual, comprehensive premium.
Knowler also discussed what the following short-term insurers are offering their clients during the lockdown:
-
Santam
-
Telesure (Auto & General, First for Women, Budget Insurance, Dial-direct)
-
OUTsurance
-
MiWay
-
King Price Insurance
Naked’s business model is just brilliant for lockdown! … You on-and-off your accident cover on an app yourself… Most people end up paying just 10% of your normal premium…
Wendy Knowler, consumer journalist
One insurer said to me they’ll look at their position if there is a dramatic reduction in claims… A ridiculous comment – it is going to go down!
Wendy Knowler, consumer journalist
Consider moving to an insurer that is more accommodating…
Wendy Knowler, consumer journalist
For more detail, listen to the interview in the audio below.
This article first appeared on CapeTalk : No traffic and everyone’s at home… Some short-term insurers offer lower premiums
Copyright : https://www.123rf.com/license.php#standardSource : https://www.123rf.com/photo_80320398_man-is-protecting-your-car-from-the-rain.html?term=car%2Binsurance&vti=n2mg5f0f4pxt9np0tx-1-2
More from Business
What do flatulence-filtering undies (for real) have to do with Donald Trump?
A campaign for a UK underwear producer manages to attach itself to the US presidential transition, earning Andy Rice's hero award.
Read More
If interest rate remains stable, 2021 to bring more surprises in property market
Despite the pandemic, 2020 saw a rally in residential property sales. Andrew Golding examines the trends expected in 2021.
Read More
Top universities offering 1,500 free courses online. Grab the opportunity!
Harvard, Oxford, MIT... We need to take responsibility for keeping ourselves on the cutting edge, says futurist Graeme Codrington.
Read More
Sars drops ball with eFiling changes - 'We're working hard to convert service'
Most online forms have now been migrated to newer technology after Adobe stopped support for Flash Player on 31 Dec, says Sars.
Read More
6 trends that will drag us along in 2021 – life will never be the same again
The future is now different. The Money Show’s Bruce Whitfield interviews trends analyst Dion Chang, the founder of Flux Trends.
Read More
Alcohol ban: Consol, hanging by a thread, burns through millions to stay alive
It cannot stop its furnaces, so it must keep them going. Bruce Whitfield interviews Mike Arnold, CEO at Consol Glass.
Read More
Covid-19 vaccine: Government may have to milk bone-dry taxpayers some more
Treasury is mulling raising taxes, says Prof Adrian Saville, Chief Executive of Cannon Asset Managers.
Read More
Economy in 2021: 'Expect a better year for South African assets'
An economist expects China growth at 9.5%, US money-printing, rising metal prices and trade- and current-account surpluses in SA.
Read More
Retirement funds in SA are changing – new laws come into effect on 1 March 2021
Bruce Whitfield asks personal finance advisor Warren Ingram to explain in detail the new laws affecting provident funds.
Read More
Wine industry runs out of storage due to ban - R1.5b's worth could be lost
A new harvest is imminent and there's no more space for unsold wine. We have the highest stock level ever - Vinpro's Rico Basson
Read MoreMore from Lifestyle
If interest rate remains stable, 2021 to bring more surprises in property market
Despite the pandemic, 2020 saw a rally in residential property sales. Andrew Golding examines the trends expected in 2021.
Read More
Top universities offering 1,500 free courses online. Grab the opportunity!
Harvard, Oxford, MIT... We need to take responsibility for keeping ourselves on the cutting edge, says futurist Graeme Codrington.
Read More
There's (still) a hippo on the loose in Fourways! Here's what you need to know
It seems that it's much easier to get a quote from Hippo.co.za than to find an actual hippo on the loose in Fourways!
Read More
6 trends that will drag us along in 2021 – life will never be the same again
The future is now different. The Money Show’s Bruce Whitfield interviews trends analyst Dion Chang, the founder of Flux Trends.
Read More
Enjoy the 702 Soundtracks Of My Life
Spotify has a soundtrack playlist for you, tailored by your favourite newsmakers for you to indulge in.
Read More
Economy in 2021: 'Expect a better year for South African assets'
An economist expects China growth at 9.5%, US money-printing, rising metal prices and trade- and current-account surpluses in SA.
Read More
Formal rape case opened against DJ Fresh and Euphonik
Earlier this week, a woman took to Twitter, accusing DJ Fresh and Euphonik of drugging and raping her in 2011.
Read More
Retirement funds in SA are changing – new laws come into effect on 1 March 2021
Bruce Whitfield asks personal finance advisor Warren Ingram to explain in detail the new laws affecting provident funds.
Read More
Don't fall for promises of high returns from latest investment scam, warns FSCA
A new scam is surfacing on Facebook and WhatsApp groups. The masterminds are even using the FSP number of a legitimate company.
Read More
Telegram now counts 500m active users. 'People are rebelling against Facebook!'
The new privacy policy being implemented by WhatsApp's parent company is the straw that broke the consumer's back - Toby Shapshak
Read More
Highlights