Category Archives: Home Insurance

The history of holiday and the holy days of history

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The history of holiday

              …………………  and the holy days of history

The very nature of work (and play for that matter) has changed over the ages. Some people did not work at all! In ancient China, the top notch royalty grew their nails so long it curved and curled into elaborate symbols of importance to prove one’s aristocratic background. The nails were decorated and displayed, and the people attached to these appendages had to be fed and dressed, washed and pampered. Try as I might to respect the customs of every culture, it seems pretty strange to me. But such is cultural conditioning, and what is respected by one culture is abhorred by another. How different is modern day China and the worldwide perception that the Chinese are the most hard-working people!

Customs and beliefs about work

In the caste systems of some cultures, certain labours are designated unclean, whereas I was raised to believe that all labour is ennobling. Whether you polish the silver of the cathedral or clean the toilets of the station, every job is important to keep the world going around. The millionaire mogul of a multi-national company is not more important than the man who removes the weeds in the wheat field. Everybody needs bread after all. What is important is whether you do the work with integrity and treat other people with decency. Like most cultural conditioning, this belief has served me more-or-less half the time.

Holy days

The word “holiday” comes from the holy days of religious festivals, when workers were given leave to attend worship or celebration, or the commemoration of an event, (like a king coming into power or a war ending). On these days people were exempt from work. On all other days people worked.

Fun and relaxation

It is a recent development in the history of mankind that one does and should have time for rest and recreation. And we jolly-well need it! Modern life is fast! The world is changing rapidly due to the advances in technology. The holding and supportive structures of the old rhythms and customs are no longer available to most of us. There is a price to pay for the freedom to do what we want: We are expected to do EVERYTHING!

That is why the re-creation of a holiday is essential. On holiday we create ourselves anew, so that we can be up to the demands of modern life.

Get peace of mind when you go on holiday. Contact Budget Insurance right NOW!

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Oscar Pistorius Murder Trial Latest

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Oscar Pistorius Murder Case Continues

If found guilty Oscar Pistorius is potentially facing  life in prison. The defense opened its case by calling a pathologist to try and cast doubt on the prosecution’s declaration that Reeva ate only two hours before Oscar killed her.

The testimony of forensic pathologist Prof. Jan Botha is critical to the defense, as Pistorius declared they were in bed by 10 p.m. and any contradiction of that fact could dwindle the credibility of his description of the events. The prosecution claims Oscar intentionally killed Reeva Steenkamp after an argument.

Prof. Jan Botha is a valuable witness as he has done many thousands of autopsies in his career, of which at least 5000 involved gun shot killings. He declared that it is almost impossible to prove when last Reeva had something to eat before the incident. Also that she would not have been able to call out if the shots were fired in quick succession.

Questions for Oscar Pistorius that will dictate the case of the defense

Why did he shoot?

Pistorius must prove he acted legally in self-defense when he fired. Gerrie Nel, chief prosecutor, is expected to ask him tough but simple questions.

The prosecution made Pistorius appear to be trigger happy. Defense needs to show Pistorius was a careful gun owner but had good reason to feel at risk. Pistorius will have to convince why he thought he was truly in danger.

Will Pistorius keep his composure?

Oscar Pistorius has displayed varied emotional reactions. From hanging his head to crying, vomiting, turning red, staring intently at the proceedings, and scribbling notes to his lawyer.

His behavior on the stand could speak volumes.

Can the prosecution match the defense?

Barry Roux, Oscar’s lawyer, has asked each witness some twisted, grueling and intricate questions. Some witnesses were tripped, causing doubt to their memories of the incident. Nel will now be able to unravel Pistorius’ declarations.

Did police botch the investigation?

The South African Police was embarrassed by how some officers handled the crime scene in this trial. Evidence was moved and a watch may have been stolen. The case will not be dismissed because of these mistakes, but it may affect the outcome.

What will the judge do?

The biggest question is what Judge Thokozile Masipa is thinking of the facts and Oscar’s conduct thus far? Masipa alone will decide Pistorius’ fate. Up to now Masipa and her two assessors have quietly observed.



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Home Insurance Premiums

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How your Home Insurance premium is calculated

Insurance companies determine Home Insurance premiums according to certain statistics. These statistics include the location of your house and your postal code. Low risk areas with fewer break-ins pay lower premiums than high risk areas.

Your claims history may influence your premium as well. If you have submitted fewer claims, your premium will be lower. When you claim regularly, you are viewed as a high risk and your home insurance premiums will reflect that fact.

Home Insurance: Buildings

Your Buildings Insurance Premiums are usually based on the following:

The size of your house

Home Insurance premiums will be higher for larger houses, because the cost of rebuilding is higher. Should your home be damaged, more repairs will be needed if compared to a smaller house.

The type of construction of your house

Brick houses pose lower risks than wooden houses and insurance companies generally provide lower insurance premiums for brick houses. The possibility of fire damage to wooden houses is greater and therefore increase the risk. The same applies to flooding, where the damage to wooden houses will be greater than to brick houses.

Type of roof

Tiled and sink roofs are lower risks than thatched roofs. Insurance premiums for houses with thatched roofs are therefore higher than tiled or sink roofs.

Security alarms and fencing

If you have a house alarm, adequate fencing, security gates and window barrier bars, your home insurance premium will be lower.

Home Insurance: Home Contents

The value of your home contents

Home contents with a higher value will lead to a higher premium and is generally covered against theft, loss and damage.

Home Insurance: Portable Possessions

Portable Possessions are the items you take with you from time to time and include your laptop, cellphone, glasses, handbag or briefcase, camera, clothing and jewellery. Items with a higher value can be specified and your cover will be adapted accordingly.

Keep in mind that your home insurance should reflect the cost of rebuilding your home, as well as replacing your home contents at current value. If your Home Insurance policy is not reviewed regularly, you may be under-insured.

Useful Tips for Homeowners

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A Homeowners Policy is vital!

Useful Tips on Homeowners Insurance

There are some things you have to know about Home insurance and that includes selecting the best insurer and getting suitable and enough coverage.

1. You are only a statistic.

In the eyes of an insurer, you’re not a person with a name; you are a set of risks. When an insurer has to decide on you as a client and your premium, they base it on your “risk factors,” which include your occupation, who you are in society, how much you own, and what kind of lifestyle you lead.

2. You have to know the value of your home.

Before you decide on a policy, call in the help of a local builder to give you an all inclusive estimate of your home’s replacement cost.

3. Be aware that Insurers differ.

Whether it’s a car or furniture that you are buying, the same product can have vastly different prices at different suppliers. The same is true when you purchase Homeowners Insurance. Get a few quotes, compare and save yourself some money.

4. Price is not the only important factor to consider.

Do your homework! Ask around! Investigate the insurer’s track record for servicing a claim. You will stop smiling at a low premium, if an insurer is in no rush to deal with your claim.

5. Consider more than the basics.

Buying a basic homeowners policy will be cheaper, but it might not offer to fully replace your home, if that is what you need some day.

6. Enquire and request discounts.

Certain behaviour on your side, that will reduce risk, will attract discounts from your Insurer.

A huge amount of money is lost by policy holders who don’t ask for discount. The insurers are quietly smiling about all the money they score.

7. Your insurer is not essentially your friend when you have a claim.

You and your insurer may have a very different opinion of fair compensation. It is your insurer’s responsibility to reinstate your financial position. It is your responsibility however to prove the full extent of your losses in order to get full refurbishment.

8. Have the correct details to file a claim.

Make sure your policy is regularly updated. Read the policy before you file a claim to prevent any nasty or disappointing surprises.

Have a look at the following interesting information:

How your Home Insurance premium is calculated



Home Insurance Earthquake Cover

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Earthquake Cover may be expensive, but well worth it
Is Home Insurance Earthquake Cover really necessary?

For many years every time there is a major earthquake in a city, surrounding cities experience an invasion of victims relocating as a result of the damage that was done to their homes. These people say that they loved living there, but could not financially manage rebuilding the house that wasn’t covered by earthquake insurance.

Earthquake insurance will cover the homeowner or building owner against any damage that is caused by an earthquake. Some insurance covers damage to the building and provides a small amount of funds for possible relocation or to replace items that were inside. Even in the earthquake ridden California, less than 20 percent of Californians have earthquake insurance.

Many of them are beginning to consider it again as it has been too quiet for too long and the next one could be due. For many it is not a resent quake that makes them think about getting insured, it is the possibility of the next quake. Another reason to review home owner’s policies to possibly add earthquake insurance is that if a quake happens, it can destroy your financially for a very long time.

Reasons to get Home Insurance Earthquake Cover
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Structural damage by an earthquake
  1. Even if a quake doesn’t cause structural damage to your home, the coverage will replace a certain amount of items that are damaged. Earthquakes can cause a fallen chandelier or your television to drop off the wall. Sometimes it is just broken plates but you can still file a claim. The excess for damaged items is lower than for the overall property damage.
  2. If you need to vacate your home for a period while it is repaired or rebuilt, the coverage will help pay for your lodging.
  3. Structural damage will be repaired and often if you have an older home, you will have an improved frame, which is better than before.
Possible reasons against Home Insurance Earthquake Cover

The premiums of  Home Insurance Earthquake Cover can be high if you live in an earthquake area. Excess payments for structural damage is also high, but will cover you when your house is damaged by an earthquake.

If you have a small earthquake in your town and then decide to get Home Insurance Earthquake Cover, you may not be able to, as many insurance companies will halt the issuing of new policies for a certain amount of time in areas that have had movement.

It is probably a good idea to apply for coverage when conditions allow it again.

Home Insurance Flood Cover

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Flooding may cause grave damage to your house

Why you may need Home Insurance Flood Cover

Do not take for granted that a basic Home Insurance policy is enough. Often times these policies do not make provision for specified coverage. This could be a problem if you live in an area that is a high risk for certain threats that aren’t included in the cover.

Take note that your Home Insurance policy is unlikely to provide you with automatic coverage against flooding if you live in a flood endangered area. However you should acquire an add-on policy for flooding to extend the basic coverage. It should give you enough protection to cover the costs of such damages.

Home Insurance Flood Cover Explained

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Home Insurance Flood Cover is money well spent

Home Insurance Flood Cover will cover your home against repair or replacement costs of property lost due to a flood. Floods are caused by heavy rain, hurricane, tornado, snowmelt or mudflows. It is true that most home owners believe they will never need to claim from this type of coverage. Truth is that Flooding can cost any home owner huge amounts in damage. Having Home Insurance Flood Cover can be your safety net or life jacket.

Who should get Home Insurance Flood Cover?

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Water causes a great deal of damage to your house

There is no area that is totally exempted from flooding, but some areas are just more prone to flooding than others. To make these areas known to any home owner, flood maps have been created to show the locations. Flood maps are created by your national Emergency Management Agency. They are people who conduct topographic studies and collect information on storm tides, river flow, and rainfall to establish and stipulate high-risk areas.

Maps are regularly updated so the home owner can make educated decisions about protecting his property. Remember though that Flooding can happen in high-risk areas, moderate-to-low risk and almost no-risk areas.

There is a 1 in 4 chance of flooding in high risk areas. If you have purchased a home in such area, you are required to buy flood insurance. In the other areas, you are not required to buy flood insurance, but the decision is yours.

Perhaps it is better to be safe than sorry.

What does Home Insurance cover?

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Home Insurance can save you from financial ruin

Your home is your place of safety and happiness, but also possibly the biggest investment of your hard earned money you will ever make! Your safe haven requires protection against various incidents.

Home Insurance is financial protection. You pay a premium for the cover. You might never have to claim against the policy, but in the case of a destructive event it may be the only way to avoid the cost of losing a home.

Policies from different companies differ, but most home insurance policies protect against the most general risk factors such as:

  • Fires of any size that could cause structural damage of the building or the contents inside or fixtures to your house.
  • Theft of things stolen from your home.
  • Vandalism – acts by destructive people such as broken windows or doors, graffiti, or other acts from such people.
  • Storm and/or flood damage for damage to your home caused by wind, hail, water, rain and ice.
  • Falling objects – protection from falling trees or other items that may fall onto your house and cause damage to the roof or other segments of the structure.

Home Insurance is your Responsibility

It is your responsibility to seek and find the policy that suits your individual needs as well as the need to be covered against specific events that is frequent in the area and neighbourhood where your house is built.

If any of the events that you have cover for, occurs you will simply have to fail a claim with your agent or directly with the Insurance Company. The company will make the funds available to repairs damaged items or replace what was lost.

Your policy provides cover up to amount specified in the policy. Take care to be sure that your Home Insurance coverage is enough to cover the full home value as well as additional coverage that may be needed. Be aware that the value of your house should not include the land value.



Important Facts about Computer Insurance

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Insure laptops of a substantial value

The cost of personal computers and laptops make it necessary to have them insured.  

You can even insure computer accessories and your cover depends on individual insurance packages. 

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Insure expensive computer accessories

Computer Insurance Coverage under Homeowners Policy

The majority of Insurance Companies insure laptops and personal computers under their Home Contents Package. Your personal computer will fall under home contents, while your laptop will generally resort under the Portable Possessions section of your Homeowners Policy.

Home contents insurance covers all loose contents of your home against fire, flood, loss and damage. It is wise to find out exactly what your particular policy covers before an unforeseen event occurs.

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Home Contents Insurance covers your Personal Computer

Replacement cost vs actual cash value

Replacement cost is usually at least 10 percent more expensive as compared to actual cash value. Keep in mind that the value of these items depreciate fast. The reimbursement you get on replacement cost is the same as the current cost of your computer and not the depreciated cost you would get with an actual cash value policy. 

Rather insure your computer for replacement value. This means that you may have to specify a higher amount than the general amount allocated in a basic policy.

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Replacement Value > Cash Value

Laptop and portable computer insurance

Laptops are considered as portable possessions that can be taken with you when you step out of the house. As mentioned earlier, if the value of your laptop exceeds the amount specified in the policy, you will have to specify a more realistic amount to the insurer.

Always keep the receipt when you buy a laptop, personal computer or any valuable computer accessories.

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Many people take their laptops with them

Who needs Computer Insurance?

Students, business professionals, small business owners, schools and home users all need computer insurance. Another tip is to buy an extended warranty when you buy your new laptop or personal computer. This will cover you against mechanical breakdown, electrical failure and other eventualities specified in the warranty.

That's right ... EVERYBODY uses a computer ...
That’s right … EVERYBODY uses a computer …

Happy Computing!

7 Ultimate Rules to save money on Insurance

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Be wise and save money on insurance

Save money on insurance and avoid making serious mistakes when you shop for insurance policies with these 7 rules as a guide.

Rule 1: Financial Risks

Only buy insurance for financial risks you cannot manage on your own. Don’t handle insurance as a way to cover any or all losses no matter how small or insignificant. This is a waste of money. Insuring your home with homeowners insurance is a good choice, but taking out expensive, comprehensive insurance for a very old car is a waste of money.

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Get Third Party only insurance for old cars

Rule 2: Shop Around

Get a few insurance quotes from different Insurance Companies. Most Insurance Companies provide an online quote service, as well as a telephonic quote service via state of the art call centers. Do not immediately accept the first or cheapest quote. Make sure that the policy covers your lifestyle and individual needs.   

Companies that sell directly to the client will also save you additional money for a middleman or broker. Have a look at the benefits the different companies offer, as well as any low-cost Additional Options provided to enhance your basic policy.

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Shop around online for insurance quotes

Rule 3: Never Lie on a Policy Application

Your policy can be cancelled if it is discovered that you have given incorrect information.

Health, life, and disability insurers run severe background checks on applicants through the Medical Information Bureau, so you can get caught when providing inaccurate information.

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Do not give inaccurate information on your insurance application form

Rule 4: Don’t Buy Specific-Risk Policies

Your insurance should provide the broadest coverage you can get. Buying insurance cover against specific illnesses like cancer defeats the purpose of having an insurance policy. If you have ulcers or other medical issues, your cancer insurance will not help you. A much safer option will be to get comprehensive medical coverage instead.

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Broad Cover is safer than Specific Cover

Rule 5: Never Cancel One Policy until You Have a Replacement Policy in Place

You will be uninsured for however long it takes to get a new policy. And if disaster strikes during this period, you could be financially ruined. This rule applies to everyone, but especially for the elderly, since older folks sometimes have trouble getting health and life insurance. Please keep this important information in mind!

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Don’t be caught unawares

Rule 6: Get a High Deductible or Excess

You save money by having insurance policies with high Excess or Deductibles. The premium for high-deductible policies is always lower. Not only that, but you save yourself all the trouble of filing a claim and needing to haggle with insurance company representatives if you have a high deductible and you don’t need to make as many claims.

Lately, most Insurance Companies are offering to pay cash back to policy holders after 4 or more years remaining claim-free. This should be an additional incentive not to claim for any and every mishap.

Note: The more you claim, the more inflated your premiums will become, due toe being viewed as high-risk by your insurance company.

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Don’t claim when you don’t have to. They’re watching …

Rule 7: Rainy Day Account

While you can save money on your insurance premiums by following the rules mentioned earlier, it’s probably a big mistake to use that money for, say, a trip to Hawaii. Instead, use any savings to build a nice-sized rainy day fund that you can draw on to pay deductibles. A big enough rainy day fund can cover both periods of unemployment and your insurance deductibles.

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Save for a rainy day.

Keep these guidelines in mind and you may save more money than you expect on the long run!