In marine insurance, as with all types of insurance, the presence of an insurable interest is essential. Identifying the holder of the insurable interest is crucial, particularly given the nature of cargo, which often transfers between multiple parties. Understanding Insurable Interest: Insurable interest refers to the stake an individual or entity has in a property […]
Insurable Interest in Marine Insurance Read More »
Insurance companies in the industry have made changes to their policies regarding power surges caused by load shedding and grid failures. These changes will be effective from different dates, depending on the insurer, starting from June 2023. The changes are a response to a significant increase in power surge claims over the past few years.
Insurers Revise Policies: Changes in Coverage for Power Surges and Grid Failures Read More »
As of October 2022, here in South Africa, insurance companies are beginning to change their policy wordings to exclude “Grid Failure” from their cover. This is because it is now an expected eventuality and is quite common. It is now a known risk that can, in essence, be managed (or reduced). Don’t panic though, Power
Add Value to your Property and Protect it in the Process Read More »
The onus rests on you, the policy holder, to ensure that your assets are insured for the correct and adequate value to replace or re-instate them fully, following a total loss event. Buildings & Structure Sections: When it comes to Buildings and Structures on your property, the insured value needs to cater for: Site clearing
Ensuring you’re covered for the right amounts Read More »
A Plant All Risks policy can be taken out to insure heavy machinery (or Plant) such as bulldozers, Bobcats and Forklifts to name a few. These can be insured for limited risks or for All Risks, comprehensive cover. Such cover can be taken out for own use or hiring out equipment for short or long
Plant & Machinery: Cover Explained Read More »
Did you know that more often than not, it is much more cost effective to insure your Marine / Cargo for both imports and exports on a single policy that covers all your shipments in the year. Depending on the size, scope and volumes of your operation, this can save anything from a few thousand
Marine Insurance: Imports and Exports by Land, Sea, Air and Rail Read More »
Going somewhere, are you? If you will be travelling, here are some pointers to remember: Obey the rules of the road & carry your driver’s license. Plan the route to your destination and allow yourself enough time to reach the destination. Make sure that your vehicle is in a roadworthy condition before departure. All lights
It’s beginning to look at lot like Christmas Read More »
If you ever find yourself in a collision, be it a big crash or a small fender bender, you should not leave the scene without the following steps: Call the local police department to report the incident – both parties should compile the description of events to/ with the police officer. Swap driver’s license details.
COLLISIONS INVOLVING OTHER PARTIES Read More »
When it comes to business / commercial insurance, there are over 23 possible sections that can make up a single policy. In addition to that, there are a multiple of unique, niche policy types that are generally taken as standalone policies such as Marine, Professional Indemnity, Guarantees and the like. This is where anyone going
There’s more to Insurance Read More »
Article Published by: MUA Insurance We live in a world fraught with persons vying for possessions by any means. We are often alerted to scams, hijacking hotspots and other schemes which start as a seemingly innocent request, but results in property being stolen. The most recent scam indicated is where vehicle owners are being called
THEFT UNDER FALSE PRETENSES – NOT AN INSURED RISK Read More »
Wynberg, Southern Suburbs, Cape Town
Finesse Insurance Brokers provides quality service to clients who know the value of sound advice and the importance of protecting ones assets from loss.
