Dohne Damons
Kaya Biz delves into the topic everyone wants to know the answer to. Does my insurance cover hail damage?
Hail storms wreaked havoc on parts of Johannesburg on Monday evening.
Funeka Ngewu the Head of Executive Claims and Claims support at Momentum Insurance shares that claims increased by 150% the day following the hail storm.
One of the key takeaways from the podcast is the importance of understanding your insurance coverage, specifically in the context of hail damage. Ngewu emphasized that there is a 90% percentage chance of your insurance policy covering hail damage depending on your specific coverage, as well as whether you’ve diligently paid your premiums.
For those seeking protection against the unpredictability of severe weather, having comprehensive cover emerged as the recommended solution. Ngewu explained that comprehensive cover provides a broader safety net, encompassing various risks, including hail damage. However, this level of coverage requires a proactive approach. You have to ensure that premiums are consistently paid and coverage terms and conditions are thoroughly understood.
The podcast underscored the necessity of an annual check of insurance policy terms and conditions. As risks evolve, it becomes imperative to stay abreast of the coverage details. By routinely reviewing policy documentation, clients can ensure that they are adequately covered for the things that matter most to them.
The conversation also ponders the predicament of those who are unable to move their vehicles to safety or choose to ignore the warning SMS shared by their insurance companies.
More in the podcast. Click Play:
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