The Financial Coach

MANAGING PEOPLE AND THEIR EMOTIONS AROUND MONEY

It’s often the little things that matter…

One of the “compulsory” forms of insurance that people with bonds have to have is Home Owners Insurance (HOI). This is insurance that covers the cost of replacing the building if it is destroyed through things like fire and floods. Usually the bank that provides the bond also very kindly arranges this insurance and the …

Stop wasting money…

If you have a bond on your property, please make sure that you are not paying the home owners’ insurance premium via your bond account. The banks are very quick to set this up for you because it is good for them as the premium will never be rejected but the reality is that you …

Kicking the tyres

Heard from a client this morning who was involved in a car accident…he’s fine but the car’s not – R50000 damage. He was on to the insurers right away who sent an assessor who has rejected the claim. Reason? The tyres are smooth and therefore the car is not technically roadworthy! We dont do short …