Preparing for the end of the year before it catches up with you

As the festive season approaches, South Africans are preparing for the holidays, family gatherings and end-of-year celebrations. However, Karen Rimmer, Head of Distribution at PSG Insure strongly advises homeowners and business owners not to overlook one important aspect of year-end preparation: reviewing and updating short-term insurance policies to ensure that all valuable assets are protected.

“At this time of year, when people often leave their homes and apartments unattended, it’s important that your insurance policies reflect the current value of your possessions and that your security measures are in place and properly utilised,” says Rimmer. “A proactive approach to short-term insurance can make a significant difference when it comes to effectively protecting your property and your business”

Avoid common insurance pitfalls

One of the most common mistakes people make is failing to update their insurance policies when circumstances change, such as after renovations, the installation of new security systems, or the acquisition of valuable items. “Accurate, up-to-date information is essential to avoid issues at claim time,” Rimmer explains. “Many people are also unaware of policy exclusions or conditions that could affect claims, so it’s important to thoroughly review policy documents.”

Rimmer adds that security features must also be used correctly, “For example, if your policy stipulates that you have an active alarm system, it’s crucial that the alarm is used whenever the property is unattended. Failing to do so could affect the outcome of a claim.”

Protecting unattended properties and businesses

If you plan to leave your property or business unattended, Rimmer recommends implementing robust security measures, “Consider CCTV surveillance, alarm systems and secure locks and remove valuable equipment and documents or ensure they are safely stored. If necessary, hiring security guards or using remote monitoring services can provide additional protection.”

To further safeguard your property, Rimmer advises on the following simple steps:

• Hire a house sitter: Having someone stay at your home can deter potential burglars. If a house sitter is not an option, solar or timed lights that come on at night can create the impression that someone is home.
• Arrange for mail collection: Asking a neighbour or friend to collect your mail, newspapers, and bins. Visible mail or an unmoved bin signal that the property may be unattended.
• Secure alarm systems and locks: Testing alarm systems and batteries, and service them if necessary. Check that garage doors, security gates, and locks are secure, and consider adding cameras for extra peace of mind.
• Be cautious on social media: Refraining from sharing your holiday plans on social media until your return, as this can alert potential thieves to your absence.

Planning ahead with your insurance adviser

As she concludes, “A well-prepared insurance plan provides the peace of mind that lets you focus on what truly matters during this time of year. Working with a short-term insurance adviser ensures that your cover considers all relevant factors, especially as the holiday season tends to arrive faster than anticipated. Updating your insurance policies early is key to enjoying a stress-free holiday.”