Everyone should know the hazards of being without basic car insurance as well as the risks of possibly having a mechanical failure in a rural area and feeling the worry of "Why did I not give some thought to breakdown insurance plans?" As always we all believe that type of situation happens to other people, but once reality hits and you really are sitting in the middle of nowhere, what exactly are you able to do and who are you planning to call - and what's it likely to amount to? In South Africa, we are surviving in trying times with somewhat high crime rates, roads full of potholes that you simply don't see until your vehicle gets stuck in one of them, and in addition to other expensive living expenses, your income needs to be sensibly split up in several ways. You'll want to ensure that you get the right insurance protection for cars.
A lot of companies provide mechanical malfunction insurance or what is probably called an extended warranty whereby the payment for this is determined against the age of your automobile and the quantity kilometers on the clock. Costly repairs to your car can also be taken care of by your insurance company when your car may be out of the manufacturer's warranty it had when you purchased it. Things like faulty power steerage, the breakdown of the air conditioning, the prop shaft or electrical failure can really take a sizable chunk out of your regular monthly salary. There's no way you can continue to drive the car with these difficulties, maybe the air conditioning is not so serious, however with the heat increasing within our country, it could be a necessity for some people. Plain car insurance does not cover electric or mechanical failure, so you have to pay attention to exactly what is covered in your plan so that you don't get a huge costly bill to pay.
Insurance for vehicles is a non-negotiable financial outlay - it is important to be covered. Some companies offer policies that manage your healthcare expenses should you be in an automobile accident or are handicapped - or heaven forbid - killed. And don't kid yourself, medical costs can mount up very quickly depending on the severity of the injuries. More often than not, there are certain medical professionals and procedures that will fall just outside of your medical aid cover. Serious injuries can prevent you from ever returning to work and then what are you likely to do? You will need a policy that gives you and your family a pay out simply for living without your income. In case you are regrettably killed - there is also a payout policy that will take care of your family for you. So put your thoughts at rest and ask about these car insurance policies earlier rather than later
As always ensure the company or individual agent you deal with is properly licensed to sell insurance for cars and they sell their plans in line with the Financial Advisory and Intermediary Services Act (FAIS). You will find policies for each and every eventuality associated with insurance for cars and you also need to read the fine print and understand exactly what it insures. Critical car problems or crippling accidents or death can leave you in a very dangerous financial situation - so don't delay until something happens - take action now and get what suits you.
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