The term "No Fault" is usually used in relation to compensation schemes such as workmen's compensation. It is envisaged that the Road Accident Fund will become a "no Fault" scheme soon. It simply [...]

The area code informs the insurer of the overnight location of a client’s vehicle. The insurer uses this information to determine whether or not the insured lives in a high or low crime area. [...]

Medical aid is a non-profit product that provides cover for medical expenses. The level of cover provided is dependent on the option chosen and can range from basic cover for hospitalisation [...]

No. Law in South Africa dictates that policyholders belong to only one medical scheme.

This depends on the policy. Your life insurance cover will include clauses stipulating the causes of illness or injury that are covered.

A life settlement refers to the amount received when selling a life insurance policy. As life insurance companies evaluate premiums based on each individual’s risk, they cannot allow a life [...]

The best time to buy life insurance is when you are young as younger insureds qualify for a higher cash benefit and lower premiums given that they are at less risk of death and dreaded disease. [...]

No, unfortunately not. Even though all contents insured are not necessary listed in the policy, your home contents are covered for a certain value;

Your insurance company may pay out the value of the property at the time of loss, or, the municipal value, which may be lower or higher than the amount for which it was originally bought (or [...]

A pregnancy, planned or unplanned, is very unlikely to be defined as a disability or illness in terms of any policy wording.

An Employers Liability policy will not provide cover for employees for unfair dismissal, or fines, penalties, punitive damages or vindictive damages.

The Medical Schemes Act makes provision for an open enrolment environment, meaning that no medical scheme may refuse anyone cover. Therefore any open medical scheme is obliged to take on any [...]

There is no generic definition for a sports car from an insurance perspective. Each insurer has their own classification, usually based on the vehicle’s horsepower, stock and aftermarket modifications.

Unfortunately if the policyholder does not inform you of the existence of a policy, it is difficult to determine. Many policies go unclaimed based on long dormancy periods.

Chronic conditions are conditions that require ongoing treatment, or treatment for an extended period of time (such as high blood pressure or diabetes).

Liability insurance is quite a complex subject. In general, though, Public Liability insurance covers a business for damages for accidental death of or bodily injury...

It’s a widely held misconception that life insurance is only taxable when payable to an estate and not when payable to a beneficiary. The misunderstanding arises because of executor's remuneration.

If your company has liability insurance, you are covered in the event that a third-party makes certain claims against your business in court. Your personal or domestic policy will not cover [...]

The pill is covered by your medical aid in the same way as any other over-the-counter prescription medication.

All homeowners’ comprehensive policies exclude loss or damage which is caused by or resulting from wear-and-tear, gradual deterioration or any defects in design, materials or construction.