U
Unathi

1 reviews | Active since Apr 2024

23 Apr 2024, 10:58

Sudden premium increase

I had my claim approved and the whole process was smooth and repairs conducted satisfactory by the repair company, however I received an email stating an increase on my premium and access amount only one week after the I received my car back. I'd give them 5 stars for the services rendered but the sudden increase of 25% on my premiums and a R1000 on my access fee raises red flags.

0
Replies (1)
Naked Insurance
Naked Insurance's reply23 Apr 2024, 12:39
Official
Hi Unathi, 

Thank you for the review. The process of reviewing our premiums runs independently of our claims process. While this update to our premiums could happen during (or soon after) your making a claim, it is not triggered or caused by the claim itself.

With respect to your premium update, there are many different things that feed into this updated view of Naked’s premiums. Here are some of the most common ones:
  • General inflation on retail products and services.
  • Exchange rates, especially where imported parts will be needed to do repairs or replacements.
  • Changes in things like the conditions of the roads or increased power interruptions leading to more power surges.
  • Changes in crime rates in your area etc.

    We have also put together a blog to help with any questions you might have about your premium update. You can check it out here.

    If you still have questions about your premium update or about any ongoing or recent claims experience please let us know and we will be happy to assist you.