Reid Raetzer Insurance Brokers

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Reid Raetzer Insurance Brokers

We deliver on our promises with expert advice and good old fashioned service ethics. At Reid Raetzer you are not just a client, but a valued friend.

We have since 1969 provided a comprehensive array of financial solutions to our clients including, Commercial and Personal Short-Term Insurance, Life Assurance, Estate Planning and Investments.

16/11/2015

Reid Raetzer received the Leopard award at AIG's big 7 awards ceremony. Pictured below from left to right are Marian Walters, Graham Kelly, Nalini Mohan, Mandy Taylor, Nava Michael & Hylton Reid. Well done guys.

05/10/2015

Gap cover covers the potential shortfall that arises from the charges of attending practitioners for in hospital procedures charging up to 400% of National Health Reference Price List (or scale of benefits as previously known). If your medical aid only pays out at 100% then you will encounter this potential shortfall. Reid Raetzer has teamed up with Complimed gap cover and provides the best possible gap cover solutions from as little as R150 per month. You can then rest assured that all in-hospital procedures will be covered.
Case study: Mr Greg Payne, a client for many years recently took out a gap cover policy. Mr Payne was admitted to hospital for a simple knee operation this year. In the past 6 months he has claimed an amount of R36504.53. Without his gap cover policy in place, he would have been liable to pay this amount, even with medical aid.

16/09/2015

Top 10 Hijack hotspots in South Africa

04/09/2015

The ladies of our life department and our momentum consultant David Atkinson at the momentum multiply high tea this morning, contact your Reid Raetzer representative today for more information on multiply. Assisting you with complete financial wellness

03/09/2015

We often get asked about a typical scenario involving the policyholder's home getting broken into and he/she may not be in possession of sales receipts for some of the stolen items. In a situation such as this, what will the insurance company accept as proof of ownership?
Proving ownership of an item is not always purely a matter of proving that you owned something. In fact, certain valuable items, such as jewellery, can involve proof of value as well as ownership. For example, a photo of you or your spouse wearing a ring can prove ownership, but was that a princess cut diamond or a cubic zirconia?
With valuable, scarce, or one-of-a-kind articles such as jewellery, art or heirloom furniture, a proper valuation from a reputable dealer or agency is the best option. In the case of electronics, there are various ways of proving ownership. Receipts or instruction manuals are the simplest way of proving ownership; make a habit of storing these receipts in a safe place. If you have no receipt, or the item was bought second hand, make a habit of taking photos of your belongings, to keep on record should you ever have to claim for them in the future.
A good exercise is to walk through your home with the intent of checking how many items you can prove ownership and value of. It is a small administrative task that could help you substantially should you ever experience a loss. Go from room to room, imagining that you have to buy everything brand new at today's prices. In addition, this can also assist you in establishing how much Household Insurance you need and can prevent underinsurance.

01/09/2015

RETIREMENT: How much is enough?
The reality in South Africa is that:
• 16% of retired people are fully dependent on state pensions.
• 31% of people who reach retirement age have to keep working to earn a living.
• 47% of people who reach retirement age depend on family members or friends to support them financially.
• 6 out of 100 South Africans can retire independently of others.

The average person requires roughly 65% to 75% of his/her last salary to live comfortably after retirement. If you have outstanding debt or higher medical expenses, you might need to increase this figure. A rough rule of thumb is that you need 15 times your current annual salary to retire on (if you retire at 65).
Take time to educate yourself about Retirement Annuities: It is always a wise financial decision to set aside additional funds for retirement, even if you are a member of a company pension or provident fund. A Retirement Annuity plan is a tax-efficient vehicle that can give you money back as a tax deduction. This allows you to save more money and thereby cope with the high cost of living in the years when you need it most.

28/08/2015

INCOME REPLACEMENT
Many people have a variety of life insurance policies including standard life insurance, death and disability, medical aid and gap cover protection, etc. But many people fail to secure their income. If you are hurt in an accident or become ill for a period of time and are unable to work, the particular policies you have in place to protect you and your family will be returned unpaid resulting in that policy lapsing and possibly falling away. In other words, the very policies taken out to protect you will not help if you fail to earn an income.
Income replacement ensures that should you be unable to work and earn a salary, you will still receive your monthly earnings. This will provide you with sufficient income to pay not only your life insurance and personal short term insurance but also to live to the standard you would have before you became incapacitated. With income replacement, the anxiety of an absent income is lifted, allowing you the peace of mind to recover without added stress.
Contact your RRIB representative today for a consultation.

26/08/2015

Having an updated will is a vital responsibility to your family and loved ones. We are equipped to assist you with specialized advice and tailor-made Estate Planning solutions. Please contact your Reid Raetzer representative for a consultation.

20/08/2015

How to Work out If You Have Enough Household Insurance Cover

•Would the cover amount enable you to replace lost, damaged or stolen goods? The correct amount should be what it would cost you to replace the insured item now, not what you originally paid for it.

•Have you updated the value of your home and household contents recently? This is important as the cost to replace items is constantly increasing.

•Does your household insurance cover keep track with inflation?

If you've taken precautions to secure your possessions, such as alarms and other security features, you should be rewarded for this with a lower premium.

18/08/2015

We have since 1969 provided a comprehensive array of financial solutions to our clients including, Commercial and Personal Short-Term Insurance, Life Assurance, Estate Planning and Investments. We deliver on our promises with expert advice and good old fashioned service ethics.
At Reid Raetzer you are not just a client, but a valued friend.

Address

Durban
4051

Telephone

031 534 5300

Website

http://www.reidraetzer.com/

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