Vehicle insurance excesses

Short description: 
Your chances of being involved in a vehicle accident are about one in 10 every year, and insured drivers virtually always have to pay an amount upfront via the excess on their policy.
Last year, the South African police recorded about a million vehicle accidents, which are estimated to have involved as many as 1.8 million cars.
“If you take into account that there are 9.5 million licensed cars and even more unlicensed cars on South African roads, your chances of being involved in an accident are at least one in 10 each year,” Gary Ronald, a spokesman for Arrive Alive, says.
If you are in an accident or your car is stolen and you need to claim on your car insurance, you need to be aware of the terms and conditions around the excess amount you are liable for.
Sometimes it is only when they come to claim that first-time policyholders realise they have to pay an excess, Gari Dombo, the managing director of Alexander Forbes Insurance, says.
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