All Types of Insurance Explained

As a vehicle, home and business owner, it is important to understand the types of insurance available in South Africa. Thid helps you understand the options that are available which best suit your needs. This article will explore the different kind of insurances that are available and what options are available should insurance companies fail to pay out. 

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INSURANCE FOR YOUR BUSINESS 

Ensuring the success of a business includes insurance safety; this safety relates to protection from any unforeseen circumstances. 

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Types of insurances for business:

1. Building Insurance – This relates to business owners taking out insurance in the building in which a business owner would operate. This insures the property in which the business is operated. 
2. Business Car Insurance – This relates to business owners taking out insurance for business used vehicle. 
3. Liability Insurance – This is insurance where a business is protected against third party claims for legal damages.         

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INSURANCE FOR YOUR HOME 

1. Building Insurance – This insurance covers the residential structure in which people live in. 
2. Home Content Insurance – This insurance covers property that is within the residential home a person resides in; it includes items such as furniture. 

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INSURANCE FOR YOUR VEHICLE 

1. Third-Party Insurance – This insurance covers damages a person is held legally liable for to a third party. 
2. Third-Party Fire and Theft – This insurance includes protection where you are held liable for damages incurred by a third party, which is inclusive of cover for damages that result from fire and theft of your vehicle. 
3. Comprehensive – This insurance covers third-party liability, fire, theft and damage to your vehicle that is caused by weather conditions. 

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It is important to understand what your options are should you be in a position to where your insurance does not cover the full terms of the insurance policy signed for. At Van Deventer and Van Deventer, our attorneys are ready to assist clients in their insurance litigation disputes should clients find themselves in positions where they have exhausted all options with internal appeals and the ombudsman and wish to further litigate.