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How inflation impacts your insurance cover

September 15 2025 By Reliance Insurance Brokers insurance, personal finance, inflation, risk management, policy reviews, south africa, consumer protection

Underinsurance is a significant problem in South Africa. Insurance valuation expert, Quantam, last year estimated that almost 80% of South Africans were underinsured by more than 50% of the total value of their insured possessions. That means that the majority of people who have short-term insurance policies are unable to use them to the fullest extent as a result of their coverage falling short. One of the main reasons for this shortfall is the ...