The accident and claims record of high profile politician Tony Yengeni have made headlines this past weekend. I had the privilege of sharing a conversation with Tony earlier this year – and our conversation focused more on road safety than car insurance. It is however important to reflect on the data referred to in a story in City Press and discuss the reference thereof to car insurance.
Background information to claims history
City Press has reported that an insurance company paid out R1.3m after a luxury Maserati GranTurismo belonging to Yengeni was wrecked in a high-speed collision three months ago. T
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How does the quality of your driving affect your car insurance claim? On the roads it often becomes apparent that we are not equal – perhaps so when reflecting on Human Rights – but not so when it comes to driving ability!!
Fortunately for many vehicle owners the car insurers do not drive with them before issuing a car insurance policy. All that the car insurers have available to them is information as to driving experience, previous accident record and insight with regards to traffic violations. Much of these have to be disclosed by the vehicle owner and there is no measure of “Are you a good driver?”
We would like to reflect on the above question by referring to a decision from the Ombudsman. The que
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Insurance companies will send you a coverage denial letter when they believe their investigation is complete and there are no grounds for granting coverage.
There are many reasons why an auto claim is denied. The most common reasons for denials are: non-payment of premium, the coverage is specifically excluded form the policy. The more severe reasons are misrepresentation of the insurance application and fraud. If you misrepresent anything in the insurance application, then it would excuse the insurance company from performing as agreed under the terms of the policy. Most courts do not side with insureds when there are misrepresentations of material facts.
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