Stuart Broad RSS Feed
Return to: Stuart Broad
Stuart Broad's Insurance Articles
(February 27, 2011) Conceptually insurance protects people and their assets from the risks in life, but often due to the ignorance of policyholders it fails to do just this. Insurance companies do not help much and intentionally make policies hard to understand and include clauses that result in policyholders being ..
(February 27, 2011) Everyone wants to pay less for their insurance especially because insurance is a grudge purchase. We do not want insurance, but we definitely need it so let us look at some factors that influence our car insurance premium and identify ways of lowering it. There are two types of factors; ones we can .
(February 27, 2011) Insurance is often referred to as a ‘grudge purchase’. When one considers that insurance is an item we buy with the hope of never using it, then it is easy to understand the animosity consumers feel about handing their hard-earned money over to insurance companies. However when the ..
(January 27, 2011) In today’s society the words “I’m going to sue you” are commonplace. Not only are people filling more lawsuits it is also becoming easier to do so. As a result public liability insurance has become very important for commercial and small businesses. Unfortunately premiums ..
(January 22, 2011) Running a small business can be tough at times and most businesses run a fine line between being profitable and making a loss. These narrow margins leave small businesses very vulnerable to the risk of losses resulting from accidents, theft or lawsuits. Minimizing risk is essential for small ..
(January 22, 2011) Fallacy no.1: I don’t need car insurance because I’ve never been in an accident. Having never been in a motor vehicle accident is definitely not a good reason for driving around uninsured. If you have been fortunate enough not to have ever been in an accident you still need to cover ..
(January 22, 2011) 1. Think about Insurance When Shopping When most people go shopping for something they dearly desire like a new car, house or home entertainment system they rarely stop to consider the implications of insuring their purchase. Some items, like cars, have running costs and consumers are usually ..
(December 22, 2010) When people start shopping around for insurance quotes the first thing they do is compare prices. This is completely natural because you want a good deal, but it is essential that you do not stop there. Buying an insurance policy purely based on price could come back to haunt you further down the ..
(December 22, 2010) Trying to understand the ins and outs of car insurance is a tricky undertaking. This is no coincidence as insurance companies deliberately make policies complex in order to ensure that they have a number of escape clauses that could save them the cost of paying out claims. An insurance broker is an .
(August 08, 2010) Your love for all things red, including your car, could be why your motor insurance premiums are higher than your friend’s who happens to drive a sky blue sedan. The amount you pay for your car insurance could be influenced by something as simple as the color of the vehicle you choose to ..
(August 08, 2010) We have all seen them screaming past us on the freeway, leaving behind plumes of rubbery smoke and causing severe hearing loss in those unlucky drivers who got too close to them. In case you have not been able to guess what I am referring to, it is tow-trucks on their way to an accident scene. ..
(July 11, 2010) As a parent, you are probably aware that insurance companies will charge a much higher premium for your child that has recently acquired a drivers’ license. In fact you should be aware of this, considering that you or your parents had to pay a higher rate when you were that age. The reason ..
(July 11, 2010) In the modern day both men and woman are increasingly purchasing jewelry. Although the price of certain types of jewelry has come down, these items remain quite valuable. If you have home contents insurance, you may think that you are fully covered if something happens to your jewelry. This is ..
(July 11, 2010) Whether you are hosting a birthday party, a housewarming or a new years eve party, chances are that some if not all of your guests will have a bit more to drink than they should. If these guests are involved in an accident or damage other peoples’ property, will you be liable? The answer ..
(May 30, 2010) Although medical aid schemes differ greatly from company to company and plan to plan, they can still be grouped into two main kinds: Traditional and New Generation medical schemes. Traditional medical aid schemes offer benefits to their clients up to the limits of the plan. These limits are reset ..
(May 30, 2010) Choosing a medical aid, also known as medical or health insurance, is something that requires careful thought and objective planning. The first thing you need to consider is your medical aid requirements. This will require you to determine exactly how much cover you need. Considering your ..
(May 12, 2010) Medical schemes are very different to traditional health insurance companies. They are not-for-profit organisations and belong to their members. Medical schemes function by pooling together contributions from members and then when members are in need of medical services, these funds are used to pay .
(March 30, 2010) Many people are unsure of what umbrella insurance really is. They see insurance companies using umbrella logos and pictures and they assume that this means the insurer is covering us on a rainy day or during a time of need or that they cover you for every eventuality. As heartwarming as that may be .
(March 30, 2010) The idea of dying and leaving our loved ones behind is not a pleasant thought. No one likes to think about their own death. Unfortunately it is part of life and as such it needs to be planned and provided for. The following guidelines will help you make the right choices when choosing your life ..
(March 30, 2010) Taking out an insurance policy is an act of trust and you may be worried that when the time to claim comes around, your claim might be disputed, delayed or even rejected. Insurance companies are capitalist enterprises based on the need for profits, so expecting them to be charitable and pay out all .
(February 20, 2010) As the old saying goes ‘prevention is better than cure’. There are several things you can do to deter would be car thieves from making off with your beloved vehicle. Using common sense is definitely your first line of defense. Lock your doors and do not leave your keys in the ignition or in .
(February 20, 2010) Insurance companies partly use profiles of their clients to determine their risk. These profiles are based on how we have lived our lives. It therefore makes sense that important events in our lives will change our profiles and as a consequence change our potential risk. Getting married Getting ..
(January 27, 2010) Pets have become as important in our lives as our children and for some people, their pets are their children. Thanks to dietary and veterinary advances, pets, like people, are living for significantly longer and as such are seeing more veterinary care. Surgery on pets has also grown tremendously ..
(January 27, 2010) Assessing Your Insurance Needs Most people are either underinsured or over insured. There can be many different reasons for this, but at the end of the day the onus is on us to make sure we have adequate cover. So how do we ensure that we have adequate cover without being over insured? The first ..