The dilemma of being under-insured in the event of a disaster.

If you are a South African, you are most likely aware of the terribly devastating Knysna fires that ravaged this small town recently. You may even have been affected by these fires. If so, this article will be of even more relevance to you. We chatted a bit about this recently on our blog and what insurance is best – you can read this here.

Since these horrifying fires took place, many homeowners have been left with plenty of work, building and replacing their homes and valuables. Many were left questioning their insurance rights and what they thought they were covered for. Because of this, they have had to take legal action against their insurers to fight for their investments. You can read more about this on the News24 blog here.

These fires have left a horrible burn effect in more ways than one and have become a bigger fire to extinguish than most thought. This leads us to thinking about the importance of insurance and being correctly insured and in the know about your insurance at all times.

Firstly, are you covered?

You may think it will never happen to you, but accidents and natural disasters can take place in the blink of an eye, and before you know it, you are left with more damage than you can financially handle. Before all else, you need to make sure that your home and its contents are fully insured. Household and building insurance from CC&A are your first best options when it comes to covering all your needs.

Have you stipulated all the necessary information to your insurer?

Your insurance company should know as much about you and your insurance needs as possible. Ensure that you are correctly assessed from day one. Don’t leave out any important information that could potentially affect your insurance claims in the future. Being transparent with your insurer could save you a lot of hassle in times of stress.

Keep your insurer updated.

Choosing not to update your insurance or let your insurer know of any changes in your information, could prove critical when it comes to the crunch. You may not be covered fully if there are details that your insurer is not aware of – if you are questioning whether to let your insurer know about a change, then you most likely should.

Rather be safe than sorry as they say and chat to a qualified consultant at CC&A Insurance Brokers about your insurance needs and the best, full cover for you.

“The article should not be considered legal or financial advice and is for information purposes only. You should consult with a professional financial advisor to determine what may be best for your individual needs.”