Car Insurance and Security Devices - 31 Aug 2009 08:21
Taking out car insurance from a short-term insurance company will mean getting certain devices installed in your car to prevent it from getting stolen or recover it after it has been. Security devices are compulsory for insurance to lower your risk otherwise you either won’t be insured or your premiums will be more expensive than necessary. If your insurer finds out later that the devices weren’t installed, they won’t repudiate your stolen car claim.
With South African crime rates, not having car insurance is unwise, not having a security device even more so. Remember also that if you claim for a stolen car and your insurer accepts the claim and processes it, your premiums will go up which may be more expensive than just installing a device. Types of anti-theft devices
Gear-lock: Fitted to your car’s gear-lever, the device locks the gears in a particular gear (usually reverse) to render your car unusable. These can either be external (Appearing outside the gear box) or internal. The external devices have the benefit of being a visible deterrent to thieves.
Alarms and Immobilisers: Most cars, if not all, come factory-fitted with an alarm or immobiliser. These must however be approved by the Motor Vehicle Security Association of South Africa (VESA) before your insurance company will accept it as an adequate security measure.
Tracking: Less of a deterrent than the others, a tracking device allows the car to be tracked and recovered once it has been stolen. Having one of these fitted reduces your premiums drastically.
Steering-lock: Unlike a gear-lock, a steering-lock is not an approved anti-theft device but acts as a visible deterrent.
While the devices range in price, your insurer will tell you what they are prepared to accept as an adequate preventative measure. Try get the best device you can afford. It’s still cheaper than the price of a new car.
Taking out car insurance from a short-term insurance company will mean getting certain devices installed in your car to prevent it from getting stolen or recover it after it has been. Security devices are compulsory for insurance to lower your risk otherwise you either won’t be insured or your premiums will be more expensive than necessary. If your insurer finds out later that the devices weren’t installed, they won’t repudiate your stolen car claim.
With South African crime rates, not having car insurance is unwise, not having a security device even more so. Remember also that if you claim for a stolen car and your insurer accepts the claim and processes it, your premiums will go up which may be more expensive than just installing a device. Types of anti-theft devices
Gear-lock: Fitted to your car’s gear-lever, the device locks the gears in a particular gear (usually reverse) to render your car unusable. These can either be external (Appearing outside the gear box) or internal. The external devices have the benefit of being a visible deterrent to thieves.
Alarms and Immobilisers: Most cars, if not all, come factory-fitted with an alarm or immobiliser. These must however be approved by the Motor Vehicle Security Association of South Africa (VESA) before your insurance company will accept it as an adequate security measure.
Tracking: Less of a deterrent than the others, a tracking device allows the car to be tracked and recovered once it has been stolen. Having one of these fitted reduces your premiums drastically.
Steering-lock: Unlike a gear-lock, a steering-lock is not an approved anti-theft device but acts as a visible deterrent.
While the devices range in price, your insurer will tell you what they are prepared to accept as an adequate preventative measure. Try get the best device you can afford. It’s still cheaper than the price of a new car.