Insurance paperwork, Image: Pexels
With the festive season just around the corner, South Africans are gearing up for a period filled with family gatherings, vibrant end-of-year celebrations, and long-awaited getaways.
Amid the excitement, it’s easy to overlook practical but crucial responsibilities that come with year-end preparations. One that should not be left off your to-do list!Updating your short-term insurance policies.
Karen Rimmer, Head of Distribution at PSG Insure, emphasizes the importance of ensuring that homeowners and business owners have their valuable assets fully protected before stepping away from their properties.
"At this time of year, when people often leave their homes and businesses unattended, it's essential that your insurance policies reflect the current value of your possessions, and that security measures are in place and actively utilized," Rimmer advises.
"A proactive approach to short-term insurance can make a significant difference when it comes to protecting your property and your business effectively."
One of the most frequent mistakes that property owners make is forgetting to update their insurance policies after major changes, such as home renovations, the installation of new security systems, or the acquisition of valuable items.
"Accurate, up-to-date information is essential to avoid issues at claim time," Rimmer explains. "Many people are unaware of policy exclusions or specific conditions that could affect their claims, so it's crucial to thoroughly review policy documents."
Another often-overlooked detail involves security requirements. Rimmer highlights the importance of following policy stipulations, such as using an active alarm system when the property is vacant.
"If your policy requires that you have an active alarm system, make sure it’s engaged whenever the property is unattended. Failing to do so could impact the outcome of a claim," she warns.
If you're planning on leaving your property or business unattended during the holidays, Rimmer recommends taking extra measures to secure your premises.
Consider CCTV surveillance, alarm systems, and secure locks. For businesses, she suggests removing valuable equipment and storing important documents safely. "If necessary, hire security guards or consider remote monitoring services for added protection," she adds.
As a further precaution, Rimmer advises homeowners to take a few additional steps to deter potential thieves and safeguard their property during the holiday season:
Hire a house sitter: Having someone stay at your home can deter would-be burglars. If a house sitter isn’t an option, solar or timed lights that activate at night can create the illusion that someone is home.
Arrange for mail collection: Ask a neighbour or friend to collect your mail, newspapers, and move your bins. Unattended mail or an unmoved bin can signal that the property is vacant.
Check alarm systems and locks: Ensure your alarm system is functioning and batteries are charged. Test garage doors, security gates, and locks, and consider adding cameras for extra peace of mind.
Exercise caution on social media: Hold off on posting your holiday plans on social media until your return. Announcing your absence can alert potential intruders.
"A well-prepared insurance plan provides the peace of mind you need to enjoy what truly matters during this time of year," Rimmer notes.
Working with a short-term insurance adviser can help you ensure your coverage accounts for all relevant factors, especially as the holidays approach more quickly than expected.
Taking the time to update your insurance policies early is key to enjoying a stress-free holiday.
This festive season, don’t let overlooked details spoil your holiday. Ensure your short-term insurance is up-to-date, prioritize home security, and keep these expert tips in mind.
By planning ahead, you’ll be able to fully embrace the joy of the holidays, knowing your assets are well-protected.
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