September 3, 2018
How could an Accidental Death Benefit be a beneficial addition to comprehensive car insurance in South Africa? We will see how an accidental death benefit, as part of comprehensive car insurance, will add such a boost to the quality of lives of PMD’s policyholders as well as their loved ones.
When travelling on South Africa’s highways, you begin to realise that they are really of international standard. And to add to the good travelling experience, the beauty that South Africa has to offer its travellers is second to none. With the majestic mountains and plains, which roll down to the exhilarating beaches that line the coast line, South Africa has much to offer everyone.
Nevertheless, we can’t get away from the fact that we do not live in a perfect world, and that tragedy can, and does strike on our South African roads. The following information has been given to highlight the benefits of having PMD’s accidental death benefit as part of your comprehensive insurance policy.
The Accidental Death Benefit that can be added to some of Prime Meridian Direct’s motor insurance products, is unique in that it will cover the policyholder’s life in the event of accidental death. When this happens, an amount equal to the value of the insured car, will be paid into the estate of the policyholder. In this way, the loved ones can use this money to cover whatever costs the estate is left to cover. If there is not debt to cover, they can use this money for any other purpose. The benefit is not tied to any credit agreement and the motor vehicle does not necessarily need to be lost - this benefit is solely linked to the accidental death of the policyholder.
Not ever motorist has life cover, and thus this accidental death benefit is of value to the loved ones who remain behind.