Compendium News

Category: ‘Insurance News’
Remote Jamming: Are you at Risk?

Remote jamming remains a common crime, and is constantly on the increase.
In South Africa, we are dealing with crime on a completely different level, as compared to other parts of the world. To organised crime gangs remote jamming is one of the tools used to enrich their syndicates, by stealing from the naïve and unsuspecting public.
Crimes such as theft out of motor vehicles, theft of motor vehicle, hijacking of vehicles/trucks and cargo, house and business robberies are all committed by using remote jamming.
What is Jamming? A remote jammer is any device that deliberately blocks, jams or interferes with authorised wireless communications. Jamming can interfere with various types of wireless equipment including the alarm panel, cellular phone communication, detectors, tracking systems and radio reporting to a control room.
The effect of Jamming: Simply, when being jammed, your car will not engage the locking system and will thus not activate the alarm system. As the systems are not activated the alarm will not be functional during a break-in, and no signals will be sent by the system, nor received by any control room.
Wireless communication, and video systems, can also malfunction when Wi-Fi links are being blocked during criminal activity. These Wi-Fi blockers are increasingly being used during hi-jacking incidents, in order to block the GPS positioning signals and GSM tracking radios. Vehicle tracking and recovery then becomes a nightmare for transport companies carrying high value cargo, such as fuel, cigarettes, consumer electronics, and brand name consumer goods.
The risk to the public is that they might have no right to an insurance claim after a “non-forced entry” theft from motor vehicles.
Looking @ the SAICB…
South African Insurance Crime Bureau
Follow us on Twitter @SAICB
What you can do about car remote jamming: Awareness Vigilance is the golden rule!
The most important rule is to make sure your car is locked before you walk away. When using a remote, physically double-check that your car has in fact been successfully locked – manually check or test the doors and the boot. Never push the remote locking while walking away from the vehicle, watch and listen, to ensure that the locks engage. Never leave items of interest lying in full view on car seats, while driving or when leaving your car parked. Most people carry a laptop or tablet in their vehicle, and criminals are well aware of this fact. Always back up your hard drive and make sure you have a password in place, never openly store your banking details. Wherever possible always take expensive electronics with you when you leave your vehicle. Empty your car at the end of each day to avoid it becoming cluttered with items that you do not want stolen. Never leave house keys or important papers (vehicle registration papers) in your car. Install an alarm system in your car. Install window safety film. Park your car in a secure car park where there are lots of other vehicles and ideally, security personnel. Always be aware of your surroundings and keep a sharp lookout for suspicious-looking people and activities. Report suspicious-looking people to security or move your car to a safer place. Ensure that you have adequate insurance cover on the portable possessions you carry with you on a regular basis. Conclusion: Major shopping malls, as well as Ultra Cities on our national roads, have installed anti-jamming systems, which prevent thousands of jamming incidents daily.
The South African Police Services have educated their staff in dealing with jamming related crimes; however, it is still our duty to protect our own property.
There are also a number of companies who sell early warning systems, to alert motorists if there are jammers active in the area.
Despite all of the above measures, this phenomenon is still a part of our daily lives, and remains on the increase.
So be aware of your surroundings, and continuously vigilant, as that is your best protection.
For further information, contact the SAICB at
What Car Remote Jammers look like:

Car Insurance For Older Vehicles

When it comes to buying a new car, the first thing on everyone’s mind is getting car insurance. But is this the case for older cars as well? It seems there are mixed sentiments when it comes to car insurance for older vehicles. We take a look at the ins and outs of insuring your used car.
Do I Really Need Insurance? Let’s cut straight to the chase. It’s a common thought that you don’t have to insure your used car because it’s old. This is actually a misconception.

Think of it this way. Even if your car is falling apart, should that car be involved in accident or get stolen, would you have the cash on hand to buy another car? If you answered no to this question, you definitely need to insure your vehicle. If you answered maybe or even no, you may still want to insure your older vehicle for remuneration purposes.
Let's Talk About Premiums The thing with a used car is that you probably won't have to pay as much for collision and comprehensive cover. At the same time your liability cover may be just as high as it would be if it were a new car.
Your vehicle's history is also vital to the outcome of your insurance premiums as it can influence the insurer's evaluation of your “riskiness.” If you have records of your car's history, bring them up. Advise insurers if the car was ever in an accident, was rebuilt or has had any major repairs done. Your insurer will find this information very important to your overall assessment.
This doesn’t mean that you will definitely get cheaper insurance for your older vehicle. Consider the fact that older car parts may be more difficult to locate because they are no longer in production. When it takes longer to find a replacement part or the part is more costly, the overall cost to repair the vehicle increases. The hassle of finding parts and rising labour fees mean that even as the car gets older, your insurance premium may not decrease.
Trying to Keep Insurance Costs Low The most obvious tactic is to drive safely. This may be more difficult than it sounds, especially considering the high volume of car accidents on our roads. But driving safely will not only save your life, it will also prevent accidents which can lead to claiming from your insurance, which can then increase your premium.

Driving safely also involves adhering to the speed limit, which helps avoid speeding tickets. Then there’s mileage! A car’s kryptonite is its’ mileage. The higher the mileage, the lower the car’s value. Studies also show that, as you increase the number of miles you drive, you increase your risk for accidents and injuries.
Got any questions about car insurance, how it works and what is covered, call one of our dedicated Compendium brokers on 031 242 6800 or visit us at

A Beginner’s Guide To Home Insurance

As any homeowner knows, your property is your pride and joy! You worked hard to get it, and a home is more than just a structure, it’s the place where family memories are made. Home insurance is an important part of preserving this part of your legacy for your family.

If you are a first-time homeowner, this kind of insurance might seem a little vague and confusing, but not to worry. We’re here to take the guesswork out of keeping your home covered, for your peace of mind. Here’s a beginner’s guide to insuring your home:
What is home insurance? Home cover is a policy taken that prevents structural losses stemming from weather damage, fires, floods, natural disasters, leaking pipes, accidental impact, attempted theft, or malicious damage. Please note that this differs from a household contents policy, that protects the assets inside your home. Although this is an equally necessary type of cover as well!
Why is it important? Think about it this way, your house is the most valuable asset that you might own. This makes it imperative to have sufficient cover that protects you against huge losses and potential financial ruin, possibly due to completely unforeseen circumstances that could not have been planned for.
Cheap vs. affordable… Sure, you have a few options when it comes to home cover but always remember one thing: cheap insurance and affordable insurance aren’t the same thing! Heaven forbid you need to claim; you’d rather have a trusted, comprehensive, and affordable policy to fall back on. Cheaper policies could mean that you, the homeowner, gets the raw end of the deal. This is both devastating and expensive, so it is best avoided.

Do your research You need to look around and get comparative quotes to ensure that you’re getting a good policy at a rate that won’t break the bank. Check out websites and ask for referrals from friends who have been down the home insurance road before. Once you have a few quotes, tabulate them in a spreadsheet so that you can compare them easily. It is worth compiling a set of relevant questions you can ask potential providers, such as exactly what is covered, whether there are excesses and what they are, what the claims process is and how long it takes for claims to be paid out. Make sure your decision is based on more than just price, although obviously that is important. However, any money spent will be wasted if you are not sufficiently covered in the event of an emergency.
Reputation is everything By choosing a well-known name in the insurance game, you’ll be more likely to get the customer service and product variety that you’re looking for. You’ll also be looking at more competitive pricing; as larger companies are in a position to offer better discounts based on volume. They also generally have more efficient contact procedures in place, so any queries, complaints, or claims can be handled efficiently and settled quickly.
At Compendium, we’re proud to offer affordable, effective home cover that can be tailored to suit your needs. We strive to give every client the service they deserve when insuring their most treasured assets. Have you got some questions you would like answered around home insurance? To have your queries answered in a friendly and straightforward manner, click here or speak to one of our brokers over the phone: 031 242 6800

Key Person Insurance: How It Works

Whether it’s a great leader, a CEO, or an HR director, every business has a few employees that they just can’t afford to lose. For many companies, losing a vital member of staff means financial losses and dips in productivity. But did you know that Key Person Insurance is a type of cover that prevents these costly losses?
Key Person Insurance can really benefit your business and protect the most vital asset a company has, it’s people.
Should you take out Key Person Insurance, a few key personnel will be listed on your policy. These would be the people who matter most to the operation and direction of your business. This means that you’ll need to sit down and think carefully about who should feature on this policy.
What does it offer cover against? A policy like Key Person cover offers compensation for losses, injuries and incidents that might leave you understaffed due to incapacitation or death. In the event of the passing of a staff member listed on your policy, you would be able to claim. The proceeds of your claim could be used to find a new staff member, train up an existing employee to fill their role, or hire a temporary replacement until a permanent one is found.
Cover in the event of a worse case scenario Should the loss of a key person leave the business in financial ruin, you can use the claim proceeds to wind up the business with little financial hassle. Although this isn’t an ideal situation, you’ll at least have a little financial relief in the matter.
Are you properly covered? With so many elements to manage within a business, it’s no surprise that so few companies have this type of cover. Sadly, many business owners only realise its importance, once a tragedy has occurred that leaves a vital member of staff incapacitated or deceased.
Could you afford a costly loss or incapacitation? As mentioned above, many business owners only know the answer to this question once it is simply too late. But you don’t have to leave this to chance; the right policy could make all the difference. If you think your company might benefit from a policy just like this one, why not chat to a Compendium broker? We’re more than happy to contact you at your earliest convenience and tailor this cover to suit you. For more information click here or call us today: 031 242 6800.