Pmd Insurance South Africa | Motor Insurance
You are on Uni24.co.za, in this article, we bring to you everything to know about Pmd Insurance South Africa. An insurance company is any firm that provides a means by which risk is managed. Put it this way, Pmd Insurance South Africa sells packages that offer protection against unexpected life circumstances in relation to damages, loss, theft or any bad situation.
With that said, Pmd Insurance South Africa provides an array of insurance protection categorized into groups. These are Motor Insurance.
About Pmd Insurance South Africa
PMD is a direct marketing financial services business focused on personal lines products in the motor insurance markets. Based in the heart of Bryanston and overlooking the Sandton skyline, PMD operates from a modern and capacious head office that is centrally well-located but conveniently detached from the traffic and congestion of the Sandton CBD.
Where did it all begin?
In 2009 we realised that there was a tremendous need for affordable motor insurance in South Africa, with the vast majority of South African motorists opting to drive uninsured. With this information, we created our Total Loss motor insurance range as an affordable and viable alternative to traditional comprehensive insurance products. Since 2009 our range of products has developed and evolved to suit a wide range of needs and budgets. Our products include personal and car insurance products designed to cover major risks at an affordable price point. In 2013 we re-looked at how traditional insurance products worked and why this model did not cater for millions of ordinary South Africans. This led to the development of our Covergrow range of products that we believe is a fresh way of bringing the uninsured under cover at rates they can afford. Who knows what the future holds…but we believe it’s Insured!
Services of Pmd Insurance South Africa
CAR INSURANCE
Prime Motor Comprehensive
Prime Motor Customised Cover
Prime Motor Third Party PLUS
Contacts of Pmd Insurance South Africa
Contact details
Addresses
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.
