Understanding your car insurance coverage is crucial, particularly in the event of an accident. Christelle Colman, CEO of Ami Underwriting Managers, emphasizes the importance of being well-informed about insurance policies to ensure stress-free driving.
Christelle Colman shares insights into the common pitfalls that lead to car insurance claims being rejected in South Africa. Here are the top 10 reasons:
- Driving Under Influence or Recklessly: Insurance claims are often rejected if the driver was under the influence or driving recklessly, as these are criminal offenses.
- Unpaid Premiums: Regular payment of insurance premiums is essential for maintaining coverage.
- Unlicensed or Unspecified Drivers: Claims can be void if the driver at the time of the incident is not named in the policy or lacks a valid driver’s license.
- Vehicle Roadworthiness: Claims can be denied if your vehicle is found to be in poor condition, such as having worn tyres or broken mirrors.
- Incorrect Usage Declaration: Whether the car is used for personal or business purposes affects the insurance coverage.
- Insecure Parking: The way a vehicle is parked can impact claim eligibility, with some insurers requiring specific security measures.
- Skipped Vehicle Inspection: Failing to carry out a required vehicle inspection when obtaining a policy can lead to claim rejection.
- Leaving Keys in Plain Sight: This can be seen as negligence, especially if the vehicle is stolen as a result.
- Misrepresentation of Details: Providing inaccurate information about the driver or vehicle use can invalidate a claim.
- Lack of Insurable Interest: You can’t insure items that you don’t financially own or benefit from.
Understanding your insurance policy is crucial. Christelle Colman advises policyholders to be familiar with the terms and conditions of their policies. For any uncertainties, reaching out to a broker or visiting www.ami.co.za is recommended. Staying informed and cautious can ensure that you are secure on South Africa’s roads.