We recently spoke to someone about their short-term insurance policy. They are with a well-known independent insurance company — the kind we see advertised everywhere. But here’s the thing: advertising often makes everything look good, and we sometimes focus on the hype rather than the fine print.
This client is paying a very low premium each month, but should something happen, they’d need to pay an excess of R17,000 before their insurance would even start helping. They’re more focused on the monthly premium than the excess — and we understand, because sometimes you have to work with what you can afford.
At KCW Wealth, we know times are tough. Every rand counts, and most people shop around for the lowest premium. We get it – paying less each month feels like a win. But here’s the truth: when disaster strikes, the size of your excess can hit your pocket even harder than your premium ever could.
Why this matters:
Imagine you’re in an accident and repairs cost R50,000:
- If your excess is R2,500 – it’s painful, but manageable.
- If your excess is R15,000 (common with many lower cost policies) – that’s a massive cash blow before your insurance even starts helping.
Most people don’t think about this until it’s too late, and you could even end up needing a loan to cover the excess.
Why it’s important to have a Financial Advisor/Broker on your side:
- We understand the fine print and make sure it works in your favour.
- We find the balance between affordability and real coverage.
- We review your policy annually to keep you protected at the best price.
- We’re in your corner during a claim — handling the stressful part for you.
What KCW Wealth does differently:
We don’t just look for the cheapest monthly payment – we aim for real protection when you need it most. That’s why we work to get you the best possible premium and no or very low excess wherever we can. Every year, when your policy is up for renewal, we negotiate on your behalf with all the major insurers to get you the biggest discounts we can. We’re here to protect your financial safety, not just earn commission.
Our promise to you:
- We negotiate hard so you’re covered without nasty surprises at claim time.
- We put you first, not our commission.
- We speak your language – clear, honest, and straightforward.
- We walk with you every step of the way during a claim, so you can relax while we handle the stress.
Because at KCW Wealth, we believe insurance should give you peace of mind, not extra stress. If you’re unsure whether your current premium and excess are working in your favour, give us a call. We’ll review your cover at no cost and help you protect what matters most – your money, your assets, and your future.
#OurWealthIsYou
📞 Call us on: 012 004 1381 📧 Email: info@kcwgroup.co.za 🌐 Visit: www.kcwgroup.co.za 📍 FSP Number: 43047