TwiggzSA Posted April 17, 2012 Posted April 17, 2012 How did a claim on your bike insurance affect your premiums. I have a claim for R1300 and pay R75 for R12000 cover. Excess is R400. What would the implications be on my premiums if I claimed. And would it be better in the long run to pay it cash rather and not claim?
perry Posted April 17, 2012 Posted April 17, 2012 How did a claim on your bike insurance affect your premiums. I have a claim for R1300 and pay R75 for R12000 cover. Excess is R400. What would the implications be on my premiums if I claimed. And would it be better in the long run to pay it cash rather and not claim? Hi Twiggz, I claimed last year on a larger amount than that and my premium stayed the same, That was through Santam
TwiggzSA Posted April 17, 2012 Author Posted April 17, 2012 That would be awesome if my premiums stayed the same. When I asked MiWay about the premium implication they said that the increase - as a result of the claim - will only reflect at the anniversary of the policy when regular increase are effected. Have you had an annual increase? Otherwise Santam is the way to go!
Grebel Posted April 17, 2012 Posted April 17, 2012 How did a claim on your bike insurance affect your premiums. I have a claim for R1300 and pay R75 for R12000 cover. Excess is R400. What would the implications be on my premiums if I claimed. And would it be better in the long run to pay it cash rather and not claim? Phone and ask your broker.
TwiggzSA Posted April 17, 2012 Author Posted April 17, 2012 Phone and ask your broker. The insurance is through MiWay so I don't have a broker. Phoned them directly.
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