Breakups are tough, especially when it’s your insurance company delivering the news. While it might feel personal, there are a few reasons why insurers might part ways with you (and, spoiler alert) it’s usually them.
Why Does an Insurer ‘Break Up’ With You?
1. High Risk, High Stakes
Insurance is all about risk, and if the insurer decides your risk profile has become too high, they might call it quits. This could happen if you’ve had multiple high-risk claims in a short period of time or if your circumstances change, making you a higher-risk policyholder.
2. Non-Payment of Premiums
Love is a two-way street. If premiums aren’t paid on time, the insurer might consider it a deal-breaker. Set reminders or choose auto-debit options to keep the relationship healthy.
We make it easy for you to pay your premiums! It’s all online. Just log in to your portal and follow the steps.
3. Failure to Disclose
You know what they say: Don’t try to be perfect; just be honest! If you forget to mention you were in a previous car accident or that your new dog was already previously diagnosed with an illness, your insurer could feel blindsided and decide to walk away.
4. Policy Violations
Every relationship has boundaries, and insurance is no different. If you violate the terms of your policy (e.g., driving recklessly or neglecting regular maintenance), your insurer might reconsider the partnership.
How to Avoid the Breakup
Be Transparent: Always inform your insurer about changes in your life, car, or home.
Stay Responsible: Drive safely, maintain your property and give your pets the care they deserve.
Choose the Right Partner: At dotsure.co.za, we work to make the relationship as smooth and supportive as possible.
