You need to get as many insurance quotes in South Africa as possible when you are shopping for a new policy to make sure that you are getting the best policy for your needs. Comparing several quotes will show you the strengths and weaknesses in each policy. It is not enough to go by premium price alone when choosing your insurance. In South Africa, not only are insurance rates commonly high, the policies can be confusing as each type of insurance breaks down into separate assurances.
Before you even request insurance quotes from South Africa based companies, make sure you know exactly what type of assurance cover you need. It is not enough to say, “I need life insurance,” because a company will turn around and offer to you six or eight types of life assurances. You pick and choose from this menu of assurances to build to build the actual life insurance policy. You can include medical, functional disability, funeral or dread disease to name a few. While it seems like a good idea to select them all and be covered in every instance, that may not be financially responsible as the more covers included the higher your premium cost. If you have no history of dread disease and live a healthy lifestyle, medical assurance may be all you need. The same considerations hold true for all the other areas of insurance such as home, car, business, personal and travel.
When you understand what you really need and have an idea of what type of payment you can commit to on a long term basis, then you should search for insurance quotes in South Africa. Pull as many policy offerings as you can and review the fine print. Make sure you understand the penalties and exclusions that may be attached to each offering before committing to a policy.