Our needs will change over time. We move, we change careers, we settle down and start a family, we buy new cars, etc. For this reason we have short-term insurance. As our lives change, so does the need to protect ourselves from loss or damage. Short-term insurance could therefore be classified as insurance that is taken out only for the period that you have need for it.
Life insurance – which is long-term – is something that you keep forever. It never changes, until you pass away.
You buy a car, you insure it, and then one day you decide that a motorcycle would serve your lifestyle a lot better. So, you sell the car, get a motorcycle and insure that, and so it goes. This is Short-Term Insurance is therefore classified as insurance that is taken out only for the period that you have need of it.
Short-term insurance isn’t just limited to vehicles. It encompasses pretty much every aspect of our day-to-day life. This could include property, household contents, funeral, medical, travel, business or personal liability insurance.
OneNet is an authorised Financial Services Provider for Short-Term Insurance (Commercial & Personal Lines)
OneNet is registered with the Council of Medical Schemes for Health.
