Editing Why You Should Be Thinking About Car Insurance

Even a short drive around any South African city or town will prove why [http://www.cig.co.za/articles/car-insurance/why-you-should-be-thinking-about-car-insurance car insurance] is a must.

For many of us a car will be our most valuable and expensive asset, with the possible exception of a house. With this in mind, you need the best cover possible to protect your car. After all, the possibility of being stranded without good cover can have serious and far reaching consequences for you.

This means that you need to make sure that your cover doesn't leave you in a position that is worse in the event of a complete loss. You want to receive the retail value that your car is currently worth.

Also you will need to make sure that you choose cover that suits your personal needs. For the most part, there are 3 types of cover:

    Third Party Only - This covers damage or injury to third parties or their property.
    Third Party Fire and Theft - This covers you for injury to third parties and damage to their property. It also covers damage to your own car caused by fire and covers you if your car is stolen or you're hi-jacked.
    Comprehensive insurance - This covers you for damage to your car caused by an accident or fire and you'll be covered against theft, hi-jacking and damages to third parties vehicles.

In addition to this basic cover, you also have the opportunity to extend your cover to include various other assets such as a trailer. If you choose the right insurer you might even get access to a 24/7 emergency assist line.

At Compendium we offer a highly flexible insurance policy for drivers. If you'd like to find out more about us, visit our webpage at: www.cig.co.za or contact one of our brokers on: 031 242 6800.