Insure Yourself Against Flooding in SA

According to climatologists, the world's climate and weather patterns are steadily changing which can and has had catastrophic results.

In South Africa for instance, the changing climatic patterns have meant that the Eastern and Southern Cape regions are more likely to be hit by an increasing number of storms and resulting floods.

In terms of insurance, this means that homeowners who live in these flood-effected areas need to make sure that they are comprehensively insured in the event that their homes and properties are damaged or destroyed during floods.

A well-known South African insurance company recently released statistics showing that this year alone damage caused by flooding in the Southern and Eastern Cape has cost the local insurance industry over a hundred million rand in claims.

However, bear in mind that as large as this figure sounds it was only applicable to homeowners with insurance policies. The unfortunate reality is that many more homeowners in the affected areas were uninsured, resulting in them being left destitute and homeless.

This means that it should be a high priority for homeowners in these high-risk flood areas to ensure that they have comprehensive household insurance policies and that they are both current and accurate.

All too often people move and forget to inform their insurance company about their change of address or the value of their new home, and this will obviously impact negatively on their coverage.