Protect yourself from the latest scams…

Criminals are always keen to find new ways of making a fast and easy buck. With the global move to online shopping and settling accounts via apps, criminals have enhanced their efforts to 'phish' customers to steal their personal data, aiming to defraud them on digital and online platforms. With 14 - 20 November highlighted as International Fraud Awareness Week, we have a look at some of the latest scams...

Noteworthy news in numbers

7: SA's most high-risk vehicles for remote jamming, which is on the rise again and tends to peak over the festive season as consumers stock up on high-value items.

500%: increase in regulatory change since the global financial crisis of 2008, with financial institutions using 'responsible artificial intelligence' (RAI) to help them cope.

2024: the anticipated date when flying vehicles could be landing on roof-tops, according to Joby Aviation Inc, which has received about $820m in venture funding.

Holiday home headaches

It might seem like a good idea to rent out your holiday house or turn your home into an Airbnb destination, but it is vital to ensure that your insurer knows about your plans well in advance to confirm that you remain covered. It may also require changes to your existing policy, such as adding public liability cover.

Why your insurer may not pay

Insurance is not a luxury; it is a necessity. You never know when you may be in an emergency, and you need to have a safety net. But it is important to understand the terms and conditions of your policy to ensure that when you need to make a claim, the process is easy and pain-free. Here are some reasons that your claim could be rejected…

Sasria set to increase rates

Sasria, the South African Special Risk Insurance Association, has announced that it intends implementing rate increases but confirmed that it will extend the effective date of the increases to the beginning of February 2022. This includes a steep increase for Sasria cover for commercial vehicles. A new category, F2 – Fire Commercial (Office), has been introduced for commercial buildings occupied as offices only that could result in a reduction in Sasria rates, so it is important to notify your broker if this applies to your insured property.

Do the Safire Berg 100 on a wooden bike?

We are excited to announce that after two years of being cancelled because of lockdown restrictions, the Safire Berg 100 is scheduled to be held on Saturday 26 March 2022. But are you brave - or crazy - enough to take on this gravel-road challenge on a WOODEN bike? While The Drop, a wooden MTB bike made by Atelier Suji, is both beautiful and functional, have a look at how another wooden bike, ridden by Sam Pilgrim, handles the bike park…

The Insurer newsletter and the content of any article published herein, should not be construed as forming part of any insurance contract or policy nor as constituting any form of advice. It is aimed at providing an informal and informative read to the readers thereof. Whilst every effort is taken to attempt to ensure the accuracy and correctness of the information contained herein, Safire Insurance Company Limited does not give any assurance regarding such accuracy or correctness and accordingly does not accept any liability whatsoever for any loss or damage, whether direct, indirect or consequential, arising from any reliance placed in the information contained herein.