Satellite Tracking &
Insurance Insurance companies in South Africa
pay out billions of rands every year due to car theft and
hijackings. As a result, insurers consider any VESA approved
anti-theft and tracing devices such as satellite tracking,
a positive aspect when insurance premiums are determined.
Redisure rewards clients for the installation of additional
security features in compliance the South African Insurance
Association (SAIA) at VESA approved installers. Satellite
tracking devices in particular, reduce the risk for the insurer
and the insured against the loss of vehicles. As such, Redisure
recommends that clients fit satellite tracking systems to
their vehicles.
How do you benefit from satellite tracking systems?
- As most of the reputable systems are connected to GPS
and GSM, your vehicle can be traced within a minute.
- As fixed points are often used, together with transmitters,
the recovery rate of vehicles is extremely high.
- The systems provide additional security for the occupants
of the vehicles, as panic buttons are often installed, to
provide the driver the option to get immediate help in the
case of a hijacking attempt.
- Considering that these systems provide an 80-95% recovery
rate of vehicles, the probability of your vehicle not being
recovered, is very low.
- Lower insurance premiums offered by Redisure as reward
for lessening the risk of loss due to theft or carjacking.
How does it work?
Once the system is activated, either through a panic button
or because the vehicle is reported as stolen or hijacked,
a signal is transmitted through a satellite to radio transmitters,
which in turn activate the transmitter in the specific vehicle,
and the satellite tracking is set in motion.
Many of the service provides offer clients full tracing of
the vehicle, for instance, monitoring of speed, when the vehicle
is parked, or where it is driving at any time. This makes
it possible for rental companies, large corporations and small
businesses to track their vehicles at all times.
When the vehicle is tracked, the police can also pick up
on the signal to help in the recovery process. Some service
providers can even detect when the vehicle is pushed and as
such call the subscriber to the service for confirmation.
This is especially useful to detect theft attempts during
the night.How does satellite tracking influence your insurance
policy at Redisure?
Redisure rewards you for installing a VESA approved satellite
tracking system with lower premiums. In this way you not only
benefit from the security offered through such a system, but
also save money on your monthly contribution. You also have
the option to rather increase your premium in return for a
lower excess.
Apart from the above, you also have the added benefit of
qualifying for the no-claims bonus if you don’t file
a claim for a specified period. With satellite tracking installed,
you thus reduce the chances of having to claim during the
period. In return you are rewarded with lower premiums and
a bonus at the end of the period.
Why do we insist on VESA approved systems?
We regard your safety and financial wellbeing as our number
one priority. The approved providers comply with the safety
and quality standards of SAIA and thus guarantee quality.
More savings are guaranteed when you insure with
us
Even though Redisure is a broker firm with all the benefits
a brokering company offers clients, we don’t charge
commissions. As such, our clients don’t pay additional
monthly commissions as part of their premiums. We only charge
a flat fee for insurance administration, which is far below
normal commissions charged by broker firms or the administration
fees payable at insurance firms.
As insurance broker, we present your interests and locate
the best policies at the most affordable rates to suit your
particular needs. Safety, security, peace of mind and reduced
financial risk are thus obtained through the installation
of a satellite tracking system and insuring with Redisure.
Contact us for advice and assistance in the selection of a
service provider and the best policy for your specific requirements.
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