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Cape Argus - Pandemic could be a big headache for insurers
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Comments from the Ombudsman for Short-Term Insurance on misrepresentation, nondisclosure, dishonesty and fraud by policyholders...
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Insurance in the time of Covid-19
"Insurance/risk cover changes throughout everyone’s life, for example your needs when you are working and having kids are different to when your children have left home and you are heading towards retirement. Thasnim Dawood, Senior Assistant Ombudsman at The Ombudsman for Short-term Insurance says now is the time to evaluate one’s risk cover especially during this time when the world is dealing with the Covid-19 pandemic."
To listen to the interview, visit https://bit.ly/3cE4IgF
702 - Thasnim Dawood on insurance coverage issues related to COVID-19
Interview Morning Live SABC 2 - 02 April 2020
702 Cape Talk - Focus on insurances with Ayanda Mazwi
Senior assistant ombudsman Peter Nkhuna reminds consumers to always be honest when lodging a claim from their vehicle insurer. He references a case where an insurer discovered a claimant lied about who was driving her car at the time it crashed into a tree. https://omny.fm/shows/capetalk-evenings/insurance-social-media
Insurance policies are underwritten in utmost good faith. Yet material misrepresentation at sales stage remains a growing problem. Listen to senior assistant ombudsman Darpana Harkison and Power FM’s Aldrin Sampear discuss the importance of full disclosure. https://omny.fm/shows/powertalk-archive/consumers-must-ask-for-clarity-before-purchasing-a
When it comes to insurance, to overshare is the safest bet. Read why here: https://www.iol.co.za/personal-finance/insurance/tell-it-like-it-is-or-your-claim-will-be-rejected-33116874
Your claim may be rejected on the basis that you did not enter into the insurance contract in good faith or were not honest at claims stage. Read more here: https://www.fanews.co.za/article/talked-about-features/25/featured-story/1145/the-devils-in-the-detail/27492
Did you know if you misled your insurer when you took out your short-term insurance policy, your insurer can cancel your policy and claim back all claims paid out to you? Find out more here: https://www.businesslive.co.za/bt/money/2019-09-29-giving-your-insurer---false-info--is-sure-to-come-back-and-bite-you/
Kieno talks to Ombudsman Deanne Wood about the release of the Ombudsman for Short-Term Insurance (OSTI) annual operations report and looks at how successful complainants were in the claims.
If you missed it you can listen to it here: http://www.capetalk.co.za/podcasts/140/the-kieno-kammies-show/212684/ombudsman-for-short-term-insurance-releases-annual-report