It may sound strange but Car Insurance Day is an actual thing and it could be well worth your while to observe it on February 1 – here’s why.
"Your car is one of the most important items you can insure, so it’s a good idea to regularly check that you’re covered correctly," says Vera Nategaal, the executive head of Hippo.co.za.
Nobody enjoys admin
"Many people don’t read through their policy often enough to check that it is up to date and do not realise that this could affect their claims.
"An example of this is if your child has just started driving, the onus would be on you to inform your insurer to update the regular drivers on your policy. If you don’t do this, an accident claim could be rejected," Nategaal explains.
Nobody enjoys admin, and our lives are busier than ever before. This is exactly why we could all use a reminder to get our policies in order.
It’s as simple as pouring yourself a cup of tea and settling down in a quiet place with your policy for an hour or so.
In addition to updated policy documents, there are a few other motor-related items that can be checked up on too, such as:
• Is your vehicle and driver’s licences up to date?
• Are there any outstanding traffic fines against you?
• Is your vehicle’s service record is up to date?
• When does your car’s maintenance plan and manufacturer’s warranty expire?
A lot of people probably don’t check their insurance information as often as they should. Some claims are rejected because the insured person didn’t adhere to the terms and conditions in their policies, or they didn’t realise an additional excess would apply following a claim (e.g., if someone under the age of 25 was driving the insured car at the time of an accident).