Naked Insurance South Africa | Car, Home and Building Insurance
You are on Uni24.co.za, in this article, we bring to you everything to know about Naked Insurance. An insurance company is any firm that provides a means by which risk is managed. Put it this way, Naked Insurance sells packages that offer protection against unexpected life circumstances in relation to damages, loss, theft or any bad situation.
With that said, Naked Insurance provides an array of insurance protection categorized into four groups. These are Naked Insurance Motor Insurance, Naked Insurance Phone Insurance, and Naked Insurance Home Insurance.
About Naked Insurance
Naked’s revolutionary business model does just that, and in doing so, breaks the age-old cycle of distrust between insurers and their customers.
Unlike other insurance, we charge a fixed percentage of your premiums to do everything. No hidden fees or hidden agendas (that’s why we’re called Naked!). Our flat fee means that our income doesn’t depend on how much we pay out in claims, so we have no reason to make claiming difficult.
When claims are low, premiums left over at the end of the year go to causes you care about, supporting positive change in South African communities, rather than growing insurance company profits.
That’s the Naked Difference and it changes everything about insurance.
Services of Naked Insurance
Contacts of Naked Insurance
Email: help@naked.insure
Website: www.naked.insure
Telephone: 0860 995 125
Where do I get help if I am stuck?
You can get in touch with our team on the Naked app. Look for the ‘?’ button at the bottom of the app. Otherwise, just pop us an email at help@naked.insure and our team will assist you right away.
How does excess work?
Your excess is the amount that will come out of your pocket when you make a claim. When you buy a policy you choose your excess for if you should claim. For example, if you have an approved claim of R100,000 and your excess is R5,000, you will pay R5,000 and we will pay R95,000. For more information, check out our blog article: Everything you need to know about your car insurance excess.
What qualifies as a home emergency?
If you think anything covered under your Naked policy might be in danger of being damaged or stolen, you can contact us for immediate assistance. For example, if your geyser bursts in the middle of the night and floods your living room, get in touch straight away. Look here for more details about what is covered.
Remember, you can get hold of the emergency services via the Naked app.
What qualifies as a roadside emergency?
If you run out of fuel, lock your keys in the boot or have a flat tyre that leaves you and your car stranded, we are here to help! To see what else qualifies as a roadside emergency please take a look here.
Remember, you can get hold of the emergency services via the Naked app.
What happens to my premiums when I change my excess or use CoverPause®?
When you change your excess your premium will change too. The higher your excess, the lower your insurance premium will be, and vice versa.
If you pause your accident cover, your premium will drop. The pro rata amount is then refunded or collected from your bank account. Once you resume your accident cover, your full comprehensive premium will reflect on the app.
Will my credit score be affected when I do a quote?
Once you have done your first quote with Naked, we cache your credit score. This means that you can do multiple quotes and it won’t affect your credit score.
Why are Naked’s premiums so low?
Our premiums are so low because of technology. Our automated self-service system allows you to get a final quote, buy your policy, and even process some claims without any interference from us.
We use tech and AI rather than call centres or brokers to run and manage your policy. This means fewer costs for us, which translates into lower premiums for you. Not only is this more convenient, it’s also more efficient. Our AI and tech allow clients to quote, buy and claim on the Naked web or app.
Do I have to download the Naked app?
You can purchase a policy from us via the website or the app. If you buy on the web, you will need to download the app to submit a selfie of your stuff. The app is where you can find other cool things like CoverPause® and our referral programme. It’s also the place where you manage your policy, call for a tow truck or submit a claim.
Does Naked have any additional excesses?
The short answer: no! In order to prevent surprises when it comes to claiming, we have made sure that there are no additional excesses in any of our products. The excess you choose is the maximum amount you will ever have to pay on a valid claim.
How do excesses work on glass claims?
On glass claims, the excess is R0 on claims under R2,000. On claims between R2,000 and R3,000, the excess = claim amount minus R2,000, and when claims are over R3,000, the excess is R1,000.
Frequently Asked Questions on Insurance in South Africa
How Much Is Car Insurance per Month in South Africa?
Car insurance in South Africa comes at an average cost of ZAR 1,322.00 per month. It should be noted that this varies greatly from one company to another the difference is the extent of insurance coverage you get and other premium services that come with the package. On a broader scale, the average monthly payment for car insurance is about 58 USD. Factors that influence your insurance premium include your driving history, your current location, and the coverage.
Does Life Insurance Pay for Suicidal Death?
The answer to this question varies from one insurance company to the other. However, most insurance companies include a suicide clause in their life insurance policies. This simply means that the first two years of a life insurance policy do not cover suicide-related circumstances. This is done to protect the firm from situations where a policyholder purposefully commits suicide with the hope of winning his family or beneficiaries’ payouts. But in the case of a life insurance policyholder whose been with the firm for more than 2 years, a death benefit is paid out to the beneficiaries.
What Is Short-Term Insurance?
Short-term insurance is any insurance policy that lasts for an hour, day, week or month. These policies are designed for very short-term needs. It should however be noted that some insurance companies offer longer durations under this package. Generally, they provide protection against theft, damage to goods or property or any other form of liability.
What Is Excess in Insurance?
Excess in insurance is generally the amount of money you have to pay to cover your insurance claim. This allows the insurance to pass on an agreed amount of the risk to the policyholder and is included in the policy. So in the event of an insurance claim, the beneficiary pays a portion of the claim cost and the insurance company pays the rest.
How Much Is House Insurance in South Africa?
How much is house insurance cost in South Africa? In South Africa, prices for home insurance vary from Rs 1,800 per square foot for basic projects and Rs 3,000 per sq ft for lavish projects. The coverage for house insurance extends to theft, fire, malicious or flooding, lightning, and storms. The two common coverage include Home Structure Insurance and Home Content Insurance.
Home structure insurance protects against damages to the structure of the building on the exterior or interior often resulting from storms, earthquakes, flooding, or lightning.
The home content insurance covers property theft within the house or damages to any property within the house.
