Read the small print - or else!

Read the small print - or else!

David Momberg thought he was covered for the life-changing circumstances that have befallen him. After all, back in 2001 he took out a policy for just such an eventuality. With a payout in the order of R660,000, it insured him against death or disability. But, as a Liberty official told him in rejecting his claim, “You’ve basically got to be a vegetable”.

The insurers have since apologised for that crude, insensitive remark but they’ve had no change of heart regarding his payout.

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Submitted by : Juanita Le Roux of Randburg on 2014-09-27 00:04:44
I have always wondered why disability insurance is so relatively cheap. Is it because very few actually claim or very few actually get paid out....


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