Short Term Insurance
- Third party, which covers your legal liability if you damage someone else’s physical property (walls, vehicles, gates etc.) due to a driving accident.
- Third party, Fire and Theft offers third party cover and adds on two useful pieces of cover – fire damage to and theft of your car, including damage caused by a theft or attempted theft.
- A fully comprehensive policy includes Third Party, Fire and Theft and in addition will pay for damage to your own vehicle in the event of an accident. There are many extras, too, for examples it will also give you cover when you drive other people’s cars – useful if you borrow someone’s car and their insurance does not cover you. The following factors affect what you pay for your premiums. Your age, your job, you’re driving record, location where car is regularly parked, business or personal use etc.
As a homeowner, you need two types of insurance to protect yourself against the unexpected. Homeowner’s insurance covers the structure of your property, while household insurance covers the contents “your possessions”. If you own/rent a home, you need both Home Owner’s insurance and Household insurance.
Home Owners Insurance:
covers the physical structure of your home as well as the fittings and fixtures contained therein against specified natural and non-natural disasters (eg. Fire, Water Damaged and other unexpected happenings) Sectional title properties are covered for this as part of your levy.
Covers the contents of your home against loss arising from events outlined in your policy document. Household policies cover everything your house contains. High value items such as jewellery, certain antiques, Persian carpets etc. normally need to be specified on your policy and are likely to attract a somewhat higher rate than general contents. Contents also cover things in your garage/storeroom as well as garden furniture and other items outdoors, although there may be conditions. Virtually all household insurance is provided on the basis of “new for old”. In other words, the insurance company pays out what it would cost you to replace the insured item at current prices rather than what it originally cost you to buy it. You must therefore keep an eye on the current replacement cost of your possessions. Household Insurance: At Affiniti, we offer you cover, as well as advice on how to ensure you are adequately covered to avoid any regret when faced with a loss.
At Affiniti, we pride ourselves on understanding the high nett worth/professional client’s needs. Busy lifestyles mean limited time & capacity to constantly update your insurance policy. All Risk cover allows you to cover multiple moveable items under one umbrella cover.
Business Insurance can be divided into 2 broad types – liability cover protects a business against claims by other parties and the second type which protects business from the consequences of some loss or damage occurred i.e theft, fire, lightening. Insuring your business is a complex transaction and, without doubt, requires the skill of a professional insurance broker.
At Affiniti, we have the experience and expertise to structure the best package for your business. We know that no two ventures are identical in risk exposure so we make it our business to understand your business – only then can we confidently approach the correct insurer for your risk. Allow Affiniti Risk & Insurance the opportunity of providing your business with the correct solution to business insurance in South Africa at optimum premium levels.
Long Term Insurance
Although death is a 100% certain risk every living being on this planet faces, exactly when death will occur, is an unknown. It is this unknown that creates the risk.
If we knew when we would die, we could perhaps ensure that we had no debts at that point in time and we could perhaps have saved enough money to ensure that our dependents would not face financial hardship. But, the fact of the matter is that we don’t know, and creating a debt-free-with-enough-savings situation on time, is a Mission Improbable.
This is where Life Insurance comes into the picture. If you hold a Life Insurance policy, your nominated beneficiary or beneficiaries will receive a predetermined sum of money from your Life Insurer upon your death. This money will help to eliminate or mitigate the financial risks (such as outstanding debt, inadequate funds to cover living expenses etc.) they will be faced with after you die.
Life Cover is also used to cover the inevitable estate duty and other taxes that arise upon death.
When it comes to retirement, the overwhelming truth is that many South Africans cannot retire at the age they wish to or sometimes even at all.
Surveys have shown that nine out of 10 South Africans who belong to a retirement fund will not have enough to retire on. The average person taking out a retirement policy is not aware of its true value.
Our financial advisors can assist in making sound decisions taking in to consideration the tax and long term benefits of retirement and pension fund policies.
Tomorrow’s illiterate will not be the man who can’t read; he will be the man who has not learned how to learn. – Herbert Gerjuoy
With the rising cost of a basic education, it is becoming increasingly difficult to aid our future generations in securing a good education and hence better prospects of higher paying employment.
We are at the stage where parents need to start saving from the time a child is born to budget accordingly for their education.
At Affiniti, we help our clients to weigh up all their options with regards to Education planning. You can make provisions for your child’s education from grade 1 to the end of university.
You can provide for your child while you are living and even when your time has passed. Let us show you how!
Disability and disease knows no age or profession. These unfortunate circumstances can overtake our lives in an instant. Medical aids cover the cost of treatment but do not cover the cost of your lifestyle modification which is inevitable when an unforeseen circumstance presents itself. Dread Disease cover indemnifies the insured for potentially life threatening illnesses such as cancer, heart attack, kidney failure etc. Disability cover on the other hand, indemnifies the insured (from 2.5% upto 100%) for the loss or partial loss of any bodily motor function. Cover for Professionals Professionals who meet the criteria can benefit from variety of benefits that others cannot. This includes reduced rates, specialised cover and career specific cover. Contact us to see if you meet the requirements.
You are your most valuable asset. Whether you work for an employer or own your own business – we offer you insurance to cover your income as well as overheads in the event of disability or dread disease. Medical Aid Everyone needs some form of medical aid cover. Very few could afford the cost of hospital stays or care for surgery or serious illness. Medical Aid helps us to finance these unpredictable circumstances, when we can’t do it alone.
Gap cover helps pay hospital bills that aren’t fully covered by your medical aid. It’s not a medical aid but rather insurance that covers you in the event that your medical aid doesn’t cover all your costs. Medical service providers, like specialists, can charge an average of 5 to 6 times (or 500%) the medical aid rate, leaving you to pay the difference out of pocket. Gap cover, in essence, helps to bridge the ‘gap’ in payment.
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Our company employs the services of an external FSB approved Compliance officer who facilitates Affiniti in meeting the requirements as prescribed by legislation and FAIS. We are an authorised Financial Services Provider (FSP No: 29430).