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ARE YOU UNDERINSURED?
 
We are well into August and Spring is around the corner. Time certainly does fly.  Trying to keep your eye on everything that is happening around you is not always easy to do.  Hopefully, we at Cooke Fuller Garrun can help to alleviate some of the challenges that we are all faced with each day by highlighting a few issues that probably do require some attention right now.
It is no secret that the South African Rand has lost considerable value this year, which will invariably result in increased costs of imported items. This, coupled with the effect of inflation on the cost of locally produced goods and services, has had a significant impact on the consumer.
How does this affect your Short Term Insurance Portfolio?  Well, right now, there is a very real possibility that you may find yourself under-insured. In the event of a claim, this is the last thing you need to hear. If you are found to be under-insured, your insurers will apply AVERAGE to your claim, and, as a result, your settlement payment will have a shortfall. 
We therefore urge you to re-assess the value of your assets, be this the value of your business assets, plant and machinery, the building of your home, the contents inside, jewellery….in fact, any of the items you currently have insured.  While we are not professional valuators, our underwriting department and our brokers will be able to provide assistance regarding the assessment of your level of cover.

If you require peace of mind, please contact us now.  WE LOOK AFTER YOU.
FOR YOUR INFO
 
Does your Factory or Business premise have a Sprinkler System installed?  Are you located within a Shopping Centre that has a Sprinkler System?  If the answer is YES then you need to make sure you have adequate cover in place should the Sprinkler System be activated.

A fire in a Shopping Centre could result in substantial damage to surrounding shops not affected by the fire itself – rather by the water released from the overhead Sprinkler System.  Please call our Underwriters if you have any concerns.
 
INCOME TAX/SARS SEASON IS UPON US….
 
Next month we will introduce you to an exciting new product on the market aimed at protecting you or your Business from the substantial costs involved in a SARS dispute.  Look out for this article in September.

WE LOOK AFTER YOU
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