Copy
THERE IS A MARKET FOR EVERYTHING……or so it seems.  As our power crisis in South Africa deepens and more and more people are looking for solutions by way of Generators, Solar Panels and Inverters, we hear from Insurers that criminals have not missed out on the opportunity of stealing these items for resale at substantially reduced prices.  This raises a few very important points to consider:
  • Be cautious when purchasing items as they may be stolen goods – always use a recognized and approved product supplier
  • Call our office to ensure that these items are insured correctly
  • Protect or secure these items as best as possible.  Insurers advise that Generators should be chained to a solid object or secured within a lockable metal cage.
  • In some cases, these items require installation by an electrician.  Make sure you use a reputable service provider who is a bona fide member of their respective representative organization such as the Electrical Contractors Association (ECA)
ARE YOU AT RISK….?
 
Poorly secured Wi-Fi  networks at hotels and Coffee Shops are allowing Cyber Criminals to access personal data and steal guests’ private information warns Pricewaterhouse Coopers.  There are various ways these criminals are able to access the information they are looking for via the particular Hotel or Coffee Shop’s Wi-Fi service.

One such group known as “Dark Hotel” is said to have been active for the past 4-5 years and targets high profile guests in Wi-Fi zones. South African guests were hacked in 2012 and 2013 by fraudsters using malware known as Dexter allowing thieves to clone the credit cards of unsuspecting guests.

While Hotels and Coffee Shops need to ensure they have the latest antivirus installed, one may protect oneself by using a virtual private network (VPN) to establish an encrypted communication channel when accessing hotel Wi-Fi.
IS YOUR HOME OR A UNIT WITHIN A SECTIONAL TITLE COMPLEX CURRENTLY UNOCCUPIED?

Are you planning a 3 month holiday overseas?  Is a unit in your complex currently vacant and awaiting the arrival of the new owners?  This is a material fact Insurers need to know and not advising them of this may jeopardize any claim negotiations or settlements.

In most instances, Insurers limit or delete theft cover after a certain period of unoccupancy and you need to be aware of the cover you will have in place.  Please make contact with your Consultant or our office should you be planning to leave your home vacant in the future and we will assist and advise you accordingly.
AND TO END OFF FOR THIS MONTH……..HOW DO WE ADVISE OUR CHILDREN TO MANAGE MONEY BETTER THAN WE DO….?

A million dollar question –
  • Pocket money is an excellent way to help young children manage money and learn the value of currency.  Saving pocket money for a special treat or item can change to an allowance for items teenagers become responsible for purchasing as they get older.
  • Budgeting – discuss Budgets with your children and consider suggestions they may make as to the allocation of the Budget (within reason of course).
  • Open an Account for your child and as they get older, encourage them to research what is on offer from the various Banks.  Older children with longer-term goals could open an investment account that is linked to the stock market. Tax free savings accounts may be opened in your child’s name (subject to a maximum limit per year).
WE LOOK AFTER YOU ……………. SPRING IS ALMOST HERE….