Tag: underinsurance
Cash-flow pressure – the hidden insurance risks of cost cutting
The first quarter of the year is often one of the most financially challenging periods for South African businesses. Companies absorb year-end expenses during this time. They also navigate delayed customer payments and face slower trading conditions. As a result, many companies enter the new year under significant cash-flow pressure.
The underinsurance crisis – why so many South Africans are at...
South Africans are dangerously underinsured, and the consequences can be financially devastating. Whether it’s damage to a home, loss of personal belongings, or major agricultural losses, too many individuals only discover coverage gaps when it’s far too late. In many cases, policies don’t reflect the true value of assets.
Why underinsurance could come back to bite policyholders
Many policyholders are underinsured, whether it be deliberately or ignorantly so. Either way, it may just come back to bite them at the claims stage. Underinsurance arises when the amount for which an object is insured is less than the actual value thereof.
