WHAT YOU NEED TO KNOW WHEN INSURING YOUR BUSINESS BAKKIE

Are you the owner of one of the 2,075,000 South African bakkies, panel vans or light delivery vehicles? According to the National Traffic Information System, these vehicles represent about 23% of all registered vehicles on our roads.

‘Bakkies’ are core to South Africans’ everyday lives and have proven themselves as valuable contributors to our economy. Bakkies are used for leisure or double-up to support a business. The world of bakkies isn’t as simple as knowing the difference between a Hilux, Ranger or a long-forgotten, Peugeot 504, and need to be insured with great care, especially if it’s your business bakkie.

According to Ayabulela Xongo, Head of Customer Care at Old Mutual iWYZE, “Policyholders must ensure that if a bakkie is primarily used for business purposes, it should be insured as such. Not insuring it for the right purpose may invalidate the short-term insurance protection, required at the time of an accident or vehicle theft. It’s equally important at sales stage to accurately share all the required information with your insurer. Double-check previous losses or driver detail with your previous insurer”.

Xongo recommends that policyholders carefully study their policy contracts and advise their insurer if circumstances like address or regular driver detail, change. Continuously complying with policy conditions and being precise at claims stage about incident details will fast-track a settlement and get your bakkie back on the road. Don’t underestimate the impact your car hire option may have on your business – this rental vehicle will help to get the job done while your ‘Faithful’ is being repaired. Insurers offer a range of categories, tailored to businesses’ specific requirements – choose wisely.

With these boxes checked, business owners can hit the road with peace of mind, knowing that their bakkies are covered and it’ll be business as usual when life happens.

iWYZE is underwritten by Old Mutual Insure Limited, a Licensed FSP & Non-Life Insurer.

More info:           0860 93 94 93

Email:                    bicustomercare@iwyze.co.za

Website:              www.iwyze.co.za

About Old Mutual iWYZE

Old Mutual iWYZE provides direct short-term, gap cover and life insurance and is underwritten by Old Mutual Insure, the oldest short-term insurer in South Africa. Old Mutual Group has earned trust and over 170 years and is backed by a solid reputation and wealth of industry knowledge.

About Old Mutual Insure

Old Mutual Insure is the oldest short-term insurer in South Africa. We partner with brokers to offer an extensive range of insurance products and solutions to fulfil personal, commercial and corporate needs. We also provide insurance products for the agriculture, engineering and marine sectors. As a brand, we promise to do great things as we protect what’s important to our customers and put them first in everything that we do.

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