New Short Term Insurance Product Launched

October 2 - A new product from short term insurance group, MiWay will see consumers enjoying dent and scratch cover that will have no effect on their premiums and claims history.

The cost effective product will hopefully put an end to drivers' reluctance to repair minor damages due to the price involved and their fear that their no claim bonus will be jeopardized.

"We often have requests to repair minor bumper damage, dents due to shopping trolleys and small scratches," said the Head of Claims at MiWay, Max Huggins. "However, customers will often opt to cover these themselves as it falls within the co payment portion of their policy."

"More concerning," said Huggins, "is the number of motorists driving around with scratches, cracked windscreens and dents not wanting to claim as it might affect their premiums, claims history and no claim bonus."

Huggins said that it should not cost "an arm and a leg" to repair minor mishaps, and that MiWay addresses the problem quickly and with an affordable R250 co-payment.

Repairs of up to R2000 can be carried out through the new service, and this covers damage such as paint chips, window chips, small scratches and dents and mag wheel scratches.

As a leading short term insurance group, MiWay offers a number of quality products that cover car insurance, credit life, home loans and others.

The company eventually plans to branch out to other services.