Issue #1 – April 2022
This Edition:
Long gone are the days of 5 years previous insurance and claims history making up the bulk of the premium factors, these days premiums are linked to ITC scores; postal codes; vehicle colours; count of items insured, occupation & marital status of the insured, even whether the client is working from home or not has recently been a major rating factor,
Now taking the above into consideration, it does seem like quite the tedious task to negotiate a good premium, The good news is, we are here to help. We have assembled the top six key factors that can help make sure that the best-case scenario quotation is issued from the get-go:
2022… Yip It’s April 2022 and that’s no joke, 20 years ago Mark Shuttleworth became the second self-funded space tourist and the first-ever South African in space when he travelled to the international space station onboard the Russian Soyuz TM-34 spacecraft, and 20 years later, we’re getting excited about the possibility of not wearing masks anymore and using air fryers to dodge the price of cooking oil.
The tone has been set, consumers will need to tighten their belts even more, and we felt the need to give a few inside tips about getting value for money insurance solutions for your clients.
– By MrMercury
“Nice to Have” / Must Have?
Insurance solutions catering for the unexpected,
More than ever, we have seen an increased need for products to fill the gaps of conventional insurance policies at a reasonable premium.
Whether it is cover against the excess of the policy or incident specific cover such as tyre cover, there are a variety of products that could improve the overall experience a client has with his insurer,
With the drastic increase of prices in the second-hand vehicle market, being insured only for retail value just won’t cut it anymore, Top-up / Credit shortfall cover cannot be higher on the list of recommended cover at this time.
Pandemic related shortages in the labour and parts sector have caused significant delays on motor repair claims, Speculation is that the average 30-day Car hire just won’t do anymore, therefore we believe that 60-/ 90-day options are the way to go until further notice.