Ever thought what would happen
if your car got stolen, hijacked, damaged, or your house
burgled, flooded during a storm etc? We all hope (and
some believe) it won't happen to us, but reality is:
it does happen! Usually when we least expect it and
cannot afford the loss.
A short term insurance policy
provide cover against loss, damage, liabilities and more.
You pay a premium (either monthly or annually) to an
insurance company who in return provides the cover to
compensate you when you suffer a loss on insured items.
The insurance company
determine your premium based on your risk profile (age,
gender, where you live, security measures, item insured,
value of the item, claims history of the insured etc.)
High risk = high premium and low risk = reduced premium.
Short Term Insurance
Policies consist of the following sections:
- Household Contents
- Homeowner's Insurance
- All Risks Insurance
(Cellphones, Jewellery, Cameras etc.)
- Vehicle Section
(Car Insurance, Trailers, Motorcycles)
(Boat, Jet Ski)
- Personal Liability
- Personal Accident
wording should be analyzed in conjunction with the policy
schedule to determine cover, excesses, extensions,
conditions and exclusions.
Glossary of insurance terms
About Short Term Insurance
Short term insurance companies
Insurance Brokers (by
Ombudsman for short term
Hints & Tips
Term Insurance Quotes: