INSURANCE RESTRICTIONS...Read the fine print - PART 1
It is critical you read the fine-print and ask your advisor your “what if” questions, so you fully understand your restrictions or exclusions when it comes to claiming. Different clients have different needs. There is no “one size fits all” solution. So, you should consider all your risks and potential threats in your unique world. These are some of the frequently asked questions we get asked and you should consider these when checking your policy schedule.
What if, my specified valuables are not kept in a safe?
Most insurers require you to keep specified valuables in a SABS accredited safe, when not in use?
What if, my alarm is not activated at the time of a break-in?
What if, I have not provided an updated register of my assets?
What if, I have not updated my jewellery valuation certificate?
You should provide an updated valuation certificate annually to insure you are covered for the current value.
What if, there is no forced entry and a domestic worker or maintenance person on site is responsible for the theft or loss?
What if, there is a break-in during load shedding?
It seems that insurers will require you to evidence your alarm was activated and you have the required battery back- up.