GM
Gabaza M

1 reviews | Active since Jan 2023

12 Jan 2023, 14:25

Do not insure your valuables with them!!!!

I insured my home and portable devices with them, they will collect premuims on time without fail but when you want to claim the process it PROLONGED. I submitted a claimed from my ****** cellphone on the 30th of December. They asked me for a record of my first and last call (this is easy when your phone is on contract and still being paid for) it was impossible for me to get. The agent assigned to my case was always unavailable or on leave.

Only today do I receive feedback on my claim, noone even bothered to ask me whether I would prefer a replacement device or would I want to get a different device.

I only found out today that I had been overpaying for my device, I had it insured for 17k but I was told it was only worth 10k.

Why doesn't king price do annual assessment and reviews of portable device for the premiums paid can match the value of the device. It makes zero sense.

I tried calling them, everyone is apparently too busy to answer phones.

0
Replies (3)
King Price Insurance
King Price Insurance's reply12 Jan 2023, 15:22
Official
Hi Gabaza

Thank you for your review, claims will be in contact to discuss your concerns and the way forward. Unfortunately due to the fact that the values of electronic devices change so often it is impossible for any insurer to keep up with the ever changing values. It is therefore up to the policy holder to make sure the items are insured for the correct value. It is also always important to make sure you are not under insured. Claims will be in contact to discuss.
GM
Gabaza M's update13 Jan 2023, 08:09
Reviewer Update
this is a dishonest practice, you should be reviewing both your prices and the value of the goods annually, these reviews cannot only be to your benefit. Atleast let customers know when they sign up for your products that they need to assess the value of their portable devices annually
King Price Insurance
King Price Insurance's reply13 Jan 2023, 09:26
Official
Although we never really enjoy hearing that our clients have been frustrated or disappointed by us, we do appreciate you bringing situations like this to our attention, so that we can immediately improve the service we provide. Claims will be in contact to discuss.