There’s nothing quite like a new car to fluff out your tail feathers and put a spring in your step. As exciting as it is, your shiny new car also represents a significant financial responsibility. Insurance may feel like the last thing you want to focus on when you’re chomping at the bit to get your new wheels, but it’s crucial not to let impatience and impulsivity cloud your better judgement by taking insurance cover without properly interrogating the terms and conditions of your policy, and the implications for your pocket come claims time.
“Given their significance in our lives, it’s really important to make sure that your car is correctly and comprehensively insured, so that if something goes wrong, you can bounce back financially and get back to normality as quickly as possible. The time to find out that your insurance cover is not quite up to standard is not when a panel van has parked in your boot at the traffic lights, or a freak hailstorm has done a swiss cheese impersonation on your body work. Vehicle insurance is not a one-size-fits-all product and you need to make sure you get the right cover for your needs,” explains Mandy Barrett of insurance brokerage and risk advisors, Aon South Africa.