Resources
Insurance answers, in plain English.
Common questions, helpful tips and the terminology that comes up most often when reviewing cover.
FAQ
Frequently asked questions.
Tips
Insurance best practices.
Conduct regular reviews
Insurance needs change as circumstances evolve. Run annual reviews to keep coverage appropriate, and review immediately after significant life or business changes.
Maintain accurate records
Up-to-date records of assets, valuations and operations make claims faster and ensure your sum-insured amounts stay realistic.
Consider increased deductibles
Selecting higher deductibles can significantly reduce premiums — a smart strategy when you have reserves to cover them at claim time.
Glossary
Common insurance terminology.
- Excess / Deductible
- The amount you pay towards a claim before your insurer pays the remainder. Higher excesses reduce premiums; lower excesses raise them but cut out-of-pocket cost per claim.
- Premium
- The price paid for an insurance policy, usually annually or in instalments. Premiums reflect insured risk, coverage limits and chosen excess.
- Sum insured
- The maximum amount your insurer will pay in the event of a covered loss. Set it accurately to avoid underinsurance penalties.
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