Right, so you’ve moved out, bought your own couch (probably from Facebook Marketplace), and discovered that toilet paper isn’t cheap. Welcome to adulting! But there’s 1 thing that even seasoned grown-ups still scratch their heads about: Insurance.
Let’s change that. Grab a cuppa, and let’s break down the basics in the most un-boring way possible.
Insurance 101
In plain speak, insurance is your financial backup plan. You pay a monthly premium (aka your ‘royal contribution’) to be protected against big, expensive disasters, like if your geyser bursts or someone steals your laptop while you’re chasing your dreams at a coffee shop.
There are different types of insurance (we’ll get to those), but they all have 1 goal: To help you bounce back, without breaking the bank. Cover me, I’m going in! Here are some of the most common types of personal insurance you’ll likely need:
Car insurance
From bumping into your ex at a traffic light (literally) to a hailstorm turning your car into a dimpled golf ball, car insurance has your back.
Options with King Price include:
- Comprehensive: Covers most things (accidents, theft, fire, etc.), and your premium goes down every month.
- Agreed value: You and the king agree on the car’s value, and it doesn’t depreciate because it’s locked in for 3 years.
- Third party, fire and theft: Good for basic cover.
- Third party only: Covers damage you cause to others, not your car.
Home contents insurance
If you tipped your house upside down, what falls out is your ‘contents’. This covers all that, from your smart TV to your toaster. Fire? Theft? Covered!
Buildings insurance
This covers the physical structure of your house. Walls, roof, geysers, pipes… Even your electric gate motor!
Portable possessions insurance
Stuff you take out and about, like phones, laptops, sunglasses, bicycles. They can be covered wherever you go, even overseas.
R1 insurance
The ultimate ‘cheap and cheerful’. Insure your golf clubs, hearing aids, bicycles or motorbike gear for just R1 per month when you have comprehensive car or motorbike insurance with King Price. Royal bargain, much?
Insurance terms made easy
Let’s break down the big, scary words:
- Premium: What you pay monthly.
- Excess: The first amount you pay if you have a valid claim.
- Risk address: Where your insured stuff lives.
- Insured value: The max amount we’ll pay if something goes wrong.
- Underinsured: If your stuff is worth R100,000 but you only insure it for R50,000… Eish.
Still confused? No shame in asking. That’s why the king’s got a team you can call, email or WhatsApp.
Adulting like a boss with help from the king
With King Price, you don’t need a degree in actuarial science to understand your policy. We explain everything in plain English, you can manage your cover online, and your car insurance premium drops every month (like your phone when you don’t get a case for it).
Insurance doesn’t have to suck
Insurance might sound complicated, but at King Price, we’ve made it lekker simple. Whether it’s your first car or your first apartment, we’ve got cover fit for royalty without the royal price tag. Ready to get royally insured? For a commitment-free quote, click here or pop a WhatsApp to 0860 50 50 50 and start your adulting journey with the king of insurance on your side.
So go ahead and adult like a pro. You handle the grown-up life. We’ll handle the cover.
Click here for a commitment-free insurance quote or you can WhatsApp us on 0860 50 50 50
FAQs
- What’s the difference between home contents and buildings insurance?
Home contents = things inside your home. Buildings = your actual home structure.
- Do I need car insurance if I barely drive?
Yebo! Even if you drive once a week, stuff still happens.
- Can I cancel or change my policy anytime?
Yes! You’re not trapped in a dungeon. Update or cancel anytime online or via our royal hotline.
- What happens if I miss a payment?
There’s a short grace period, but no payment = no cover. Best to set up a debit order and avoid the drama.
- Can I get insurance if I rent?
Absolutely. You can insure your contents, even if the house isn’t yours.