Santam offers clients 10% extra cover on household contents during festive season
Santam, South Africa’s leading general insurer, is giving its clients 10% extra cover, at no additional cost, on household contents between 15 December 2018 and 31 January 2019. This is in recognition of the fact that insurance is often the last thing on consumers’ minds amid the hectic festive season.
Santam is warning that homeowners should be aware that with the holiday come added risks. These include a prevalence of break-ins. Santam has also noticed a trend among South Africans wherein homeowners do not update their assets inventory on their insurance policies as they accumulate gifts and other valuables. Most insurers usually experience a spike in claims in early January due to a variety of factors.
With the country also facing load shedding, adequate cover for household contents during this festive season is crucial.
Mokaedi Dilotsotlhe, Santam’s Chief Marketing Officer, said the company also experiences an increase in claims volumes in the period between December and the end of February.
“We see a vast number of claims for the period that range for a variety of household goods. What we however notice is that there is a constant problem of households being underinsured. With the 10% home contents cover, we are stepping up to offer good and proper insurance to our clients, at no extra cost,” he said.
“Therefore all we are saying is don’t waste any time, speak to your broker, conduct a thorough home contents inventory to include additional items accumulated over the holidays,”Dilotsotlhe added.
Dilotsotlhe said that as one of South Africa’s oldest short-term insurance companies, Santam was committed to ensuring current and potential clients were offered good and proper cover.
“By anticipating the extra risk that our clients may face at this time of the year, we want to provide them with some peace of mind that their assets are properly covered so that they can focus on enjoying their holidays,” he added.