As the name implies, short-term insurance is a form of protection intended to provide you with financial coverage should you need it in the short term. Although there are many different types of this kind of insurance on the market, in this article we focus specifically on short-term personal insurance rather than insurance for businesses.
Car Insurance
If you own a car, one of the best accessories you can get for it is comprehensive car insurance. This type of short-term insurance is not just about protecting yourself; it's about covering your passengers, other drivers, pedestrians, and your car itself.
Whether a car accident is your fault or not, car insurance provides peace of mind that damage to your car and other vehicles involved will be financially covered. If you happen to be a victim of a crime and your car is stolen, car insurance will also cover you against this loss.
Home Insurance
Home insurance protects both the structure of your home and the contents inside it against damage, loss or theft. If you’re a homeowner, your house can be your biggest asset, so you want the kind of short-term insurance that protects it against natural disasters such as floods or fires.
Even if you don’t own your home, household contents insurance is vital to protect your valuable possessions, including computers, cell phones and jewellery.
Funeral Insurance
Ultimately, funeral insurance is designed to protect your loved ones in the event of a death in the family. It provides financial assistance for the various costs associated with a funeral, such as buying headstones, arranging the burial or cremation and hiring venues for the wake.
Funeral insurance can also provide for your family for a specific period after the funeral. If the breadwinner in your family passes away, consider taking out a funeral insurance policy that includes a monthly cash payout to help you with expenses such as groceries and school fees.
Travel Insurance
Travelling can be very unpredictable, so you want to be covered if your flight is cancelled, your baggage is lost or you suffer a personal accident while away from home.
Travel insurance is a very popular type of short-term insurance as it also gives you access to a 24-hour medical helpline should you need it.
Legal Insurance
Legal insurance is an excellent way of ensuring you get the financial support you need to cover the costs associated with a **personal legal dispute. **
Examples of this could be if you feel you were wrongly dismissed from your job or if you bought property that you since found out, had serious structural defects. Having legal insurance means you’re covered for costly lawyer’s fees, and you have access to free 24-hour legal advice.
As one of South Africa’s leading insurance providers, Hollard offers a wide range of short-term insurance products. Interested? Read more about car insurance, home insurance, funeral insurance, travel insurance and legal insurance, or find an insurance broker today.
