When did you last check if your assets are insured for the right value? Here’s why you should!
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When it comes to insurance claims, the small details can make all the difference.
In episode three of our four-part On The Money series in partnership with Old Mutual Insure, Mpumelelo Mashinini, Regional Development Manager for Commercial Insurance, joins Old Mutual’s Financial Education Programme Manager, Thabo Hollo, to unpack some of the hidden risks that many policyholders overlook.
From making sure your home, vehicles, personal or business assets are insured for the correct value to reviewing your cover as circumstances change, Mpumelelo explains why keeping your information up to date is essential if you want your claim to reflect the real value of what you’ve lost.
It’s a practical conversation about understanding your policy, staying aligned with current market values, and avoiding unpleasant surprises when it’s time to claim.
On the Money is Old Mutual’s financial education podcast, where public figures and everyday people share their real stories about money – the good, the bad, and the unexpected.
In episode three of our four-part On The Money series in partnership with Old Mutual Insure, Mpumelelo Mashinini, Regional Development Manager for Commercial Insurance, joins Old Mutual’s Financial Education Programme Manager, Thabo Hollo, to unpack some of the hidden risks that many policyholders overlook.
From making sure your home, vehicles, personal or business assets are insured for the correct value to reviewing your cover as circumstances change, Mpumelelo explains why keeping your information up to date is essential if you want your claim to reflect the real value of what you’ve lost.
It’s a practical conversation about understanding your policy, staying aligned with current market values, and avoiding unpleasant surprises when it’s time to claim.
On the Money is Old Mutual’s financial education podcast, where public figures and everyday people share their real stories about money – the good, the bad, and the unexpected.
Chapters
- 00:00 – Introduction.
- 00:44 – Meet the Insurance Expert: Mpumelelo Mashinini.
- 01:34 – Understanding Risk in Simple Terms.
- 02:23 – Risk, Uncertainty, and Financial Loss.
- 04:06 – What Determines Your Insurance Premium?
- 06:17 – Same Age, Different Premiums: Why?
- 07:25 – Do Claims Affect Your Premium Over Time?
- 08:03 – How to Reduce Your Insurance Premium.
- 09:23 – What Does “Transfer of Risk” Mean?
- 10:43 – Can You Over‑Insure Your Assets?
- 12:11 – Personal Lines Insurance: What to Watch Out For.
- 14:17 – Why Insurance Claims Get Rejected.
- 15:46 – Full Disclosure: Insurer vs Insured Responsibilities.
- 15:57 – Is insurance expensive? Is insurance a scam? Common Insurance Myths and Misconceptions.
- 17:28 – Final Takeaways.
