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Do I need insurance for old cars?

Thursday, 10 May 2012 13:21

 

Insurance in South Africa is not compulsory, which gives car owners the opportunity to decide whether or not they will insure their vehicles or not. Owners of financed vehicles, however, do not have a choice as the financier will require them to cover the asset to protect their vested interest in it. Owners of old cars often choose not to insure their vehicle as they feel they can afford to repair damage themselves.


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