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When insurance gets spooky: Avoiding the frights in your cover

Spooky season is for pumpkins, ghosts, and the occasional playful scare. It’s not for nasty surprises lurking in your insurance policy. For some unlucky policyholders, a small oversight can quickly turn into a real-life horror story. The good news is that with a little know-how, you can turn those ‘tricks’ into ‘treats’ and keep your cover scare-free.

The case of the unlisted gadget

A brand-new laptop, a late-night burglary, and no payout. Why? Because the item was not specified on the policy.

Avoid the fright: Always list high-value items individually. If it costs more than your monthly salary, make sure it’s on your policy.

The house that went dark

When the lights went out, the inverter gave up the ghost. So did the policyholder’s hopes of a claim. The twist? Alternative power sources weren’t included in the cover.

Avoid the fright: Add inverters and generators to your policy. Don’t let loadshedding woes become a double nightmare.

The phantom behind the wheel

Borrowing a car sounds harmless until there is an accident and the driver’s name isn’t on the policy. Claim denied.

Avoid the fright: Always list regular drivers. If you’re behind the wheel often, your name should be on the cover.

The geyser that wouldn’t die

Strange noises from the ceiling? Ignored. Geyser bursts. Bedrooms flooded. Claim rejected. You guessed it. Wear and tear isn’t covered.

Avoid the fright: Insurance covers sudden, unforeseen damage, not maintenance you’ve put off. Pay attention to warning signs before they become disasters.

The vanishing policy

Changing bank accounts without updating debit orders? That’s how policies lapse without you realising it. Fast forward to claim time and there’s no active cover.

Avoid the fright: Keep your banking details up to date. Cover only works if your policy is active.

Trick or treat: Insurance edition

The difference between nasty surprises and sweet rewards comes down to knowing your policy. Here’s your cheat sheet:

  • Trick: Forgetting to list your valuables → Treat: Specify them for full cover
  • Trick: Thinking wear and tear is covered → Treat: Stay on top of maintenance
  • Trick: Assuming anyone can drive your car → Treat: List regular drivers
  • Trick: Letting your policy lapse → Treat: Keep debit orders updated
  • Trick: Ignoring alternative power → Treat: Add inverters and generators

The real treat: Peace of mind

Spooky surprises should stay on movie screens, not in your insurance policy.

With King Price, you get simple, transparent cover and zero scary small print.

Chat to the king today and avoid starring in your own insurance horror story.

Simply WhatsApp 0860 50 50 50 or click  here to get a commitment-free quote.

Our website T’s and C’s can be found here. 

FAQs

  1. What happens if I don’t specify my valuables? If an item isn’t listed and is worth more than your policy’s limits, it may not be covered. Always specify big-ticket items.
  2. Does insurance cover wear and tear? No. Insurance is for sudden, unforeseen events, not gradual damage like rust, rot, or a geyser that’s been leaking for months.
  3. Can anyone drive my insured car? Only if they’re listed as a driver. Otherwise, claims could be rejected.
  4. Does King Price cover alternative power? Yes. Inverters, generators, and solar panels can be added to your policy, as long as they’re listed.
  5. What happens if my policy lapses? If you stop paying, your cover ends. Always check that your premiums go through.

Psst… This blog provides general info only and doesn’t count as financial or product advice from King Price or our legal and compliance experts. Remember, all our premiums are risk-profile-dependent, and T’s and C’s apply. Our most up-to-date KPPD (policy wording) can always be found here. 

Our website T’s and C’s can be found here. 

King Price Insurance Company Ltd is a licensed non-life insurer and registered financial services provider. (Reg no. 2009/012496/06 | FSP no. 43862)