Posts Tagged ‘Accident Damage’
Things To Know About Car Insurance
Unlike most countries, it is not compulsory for people to have car insurance in South Africa. A fuel levy is charged and diverted to the Road Accident Fund with the intention of compensating third party victims of vehicular accidents. However, it is extremely risky to rely on this in any way because many have and regretted the outcome. The more property and holdings in your control the greater your risk of lawsuit for excesses over the RAF that could result in losing everything you own. It is very easy to use your computer to get an online quote.
When you buy a car and finance it through a lending institution, they will insist that you take out a policy that provides comprehensive cover and present them with a copy of proof that will cause them to release the vehicle to you.