Why do you need car insurance?
The theft of a car or an accident can be a traumatic occurrence. To suffer a financial loss because of it makes the experience all the worse.
In South Africa it should be remembered, that it is not compulsory to take out car insurance, this means even of you are involved in accident that is not your fault you could still be stuck with the bill.
Maybe you have invested a large chunk of savings into your vehicle or indeed are busy making repayment s on a car loan. Either way the replacement costs or the repair bill can be very expensive.
What does Car Insurance cover against?
Car insurance would normally cover against the following;
- Theft of your vehicle
- Accidental damage
- Damage to other vehicles
- Liability protection
What your car insurance might not cover?
- Wear and Tear
- Claims through negligence
- Items specifically excluded
- Excess amounts
Incompass would be delighted to discuss your insurance needs and provide you with a free quotation based upon your specific circumstances.