Short-term Insurance -A useful innovation

Short-term insurance is a very useful innovation that has assisted millions of South-Africans, If we look back a few months ago the devastating Floods in KZN and the horrendous looting that took place due to short term insurance many was able to recover from it due to Short term insurance being in place.  

short-term speaks to your short-term responsibilities, we understand that your assess change , you can't commit to a location or a vehicle for the rest of your life, therefore short-term is a innovative way of providing financial coverage for your treasured possession, withered it be for 5 years or 10 months.  

When you are choosing short term insurance plans it is a good idea to get a number of quotations based on your specific needs – compare at least three different quotes from three different companies and check out these criteria:

• Product type
• premium vs excess structure vs coverage 
• Is is a Flat or a percentage excess? The lower the excess, the better
• Is this the cheapest option? if so what covers are excluded?
• Is everything covered by your insurance policy?

There are many short term insurance products in the market, make sure that you choose the correct product to suite your needs and budget.