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A lot of house fires are preventable if you have a fire extinguisher on hand. If you don’t have one, you may want to consider getting it. For those who do, you need to ensure that you keep it in operating conditions so it is useable when you need it.

We’ve put together some helpful tips to help make sure your fire extinguisher is in proper working order:

Ensure easy access

Make sure the extinguisher is visible and easy to retrieve at a moment’s notice.

Check the pressure

If your fire extinguisher has a pressure gauge that indicates the operating range, always check to see that the gauge’s needle indicates the appropriate pressure. If it has a test indicator, press it to make sure the pressure reading is within the correct range.

Look out for physical damage

Inspect your extinguisher for visible signs of damage such as dents or rust; this may mean it’s time to replace the extinguisher. Also check that the can, hose and nozzle look to be in working in order. Document your checks on the extinguisher’s inspection tag (if it has one) may help you keep track of its maintenance history.

Clean the extinguisher!

Check the outside of each extinguisher for dust, oil or grease, and clean it as necessary.

Most fire extinguishers are generally good for 5 to 15 years so always check the extinguisher’s label or a paper tag for the expiration or last maintenance date. If it’s 10 or more years ago, you may want to get a new fire extinguisher.

Don’t overlook its maintenance — be sure your extinguishers are ready for use, just in case!

Purchase an Insurance Policy

Sometimes, despite our best preventive measures, the worst can happen so it pays to have a contingency plan. Our Householders Policy is a comprehensive cover which provides compensation in the event of damage to your building and contents of your home due to fire and a wide range of other risks. Our Fire Policy is a basic cover for the budget-conscious which provides compensation in the event of fire, lightening and explosion.

Whatever your insurance needs, Sacos caters to them all.

Pay us a visit at our branches (Maison Esplanade – Victoria, Pension Complex –Baie St. Anne Praslin, Green Corner –Providence)  or call us on 429 5000 or send an email to info@sacos.sc. We’ll be more than happy to assist you!

We are now offering a special package on the Personal Accident add-on cover, exclusive to drivers with fully comprehensive motor insurance policies. For the very low premium of SCR200, the insured driver will receive a Personal Accident cover of up to  SCR100,000.

The Personal Accident insurance cover is designed to pay out compensation if you suffer from a serious injury or death as the result of an accident. It can protect you and your family against loss of income, and help with medical bills and other expenses.

How is this different from my existing motor policy? 

Currently, your fully comprehensive policy covers you in events of accidental explosion, burglary, theft, break-ins and accidental collision (damage sustained to your vehicle and third party vehicle). You are even insured against injury caused to others such as passengers. However, as a driver, your policy does not provide you with compensation for injury you personally sustain in a car accident.

The personal accident cover add-on however, covers YOU, as the driver, in the event of an accident.

What if I am in a car accident but I am not the driver, will I still be covered?

Unfortunately the cover is only applicable if you are the driver or any other authorised driver on your policy. It will not cover other types of accidents, such as being hit as a pedestrian. In addition, the cover will only apply to the fully comprehensive insured vehicle assigned to the policy, and no other vehicles.

Does this sound right for you?

Pay us a visit at our branches (Maison Esplanade – Victoria, Pension Complex –Baie St. Anne Praslin, Green Corner –Providence)  or call us on 429 5000 or send an email to info@sacos.sc. We’ll be more than happy to assist you!

If you accidentally burn yourself and require a skin graft, should your A) Personal Accident Policy or B) Health Insurance cover the cost of the surgery?

If you answered B, you’re spot on!

If you answered A, we understand where the confusion comes from; but Personal Accident cover isn’t quite what it sounds like. What it covers is basically: Loss of sight, loss of limb or permanent disablement, or accidents that happen on an occupational basis.

Here are the key differences between the two:

Health vs Personal accident insurance

By now you already know that health insurance policies will cover expenses due to hospitalisation and medical procedures caused by illness or injury, even those resulting accidents.

A personal accident policy on the other hand, has a more narrow coverage. The beneficiaries of this policy can only get their benefits in the event of accidental deaths or permanent or partial disability due to an accident.

Medical coverage

When it comes to medical coverage, a health insurance policy might offer comprehensive financial coverage of any medical expenses due to all sorts of illnesses, injuries, and other medical conditions.

While a personal accident policy may also cover medical bills, it will only cover those that stem from accidental injuries.

Disability Expenses

Some accidents can be so bad that it can cause severe bodily damages, resulting in disabilities. These injuries are referred to in insurance policies as permanent total/partial disability and temporary total/partial disability.

Your health insurance policy will not provide any  coverage against any disabilities caused by accidents.

A personal accident policy provides up to a specific percentage of the insured sum as cover for disabilities caused by accidents,

Death Coverage

Not only does the sudden death of a loved one cause a heavy burden on families emotionally, but financially as well. A death coverage can be helpful with financial adversity in these sad times.

However, a health insurance policy does not provide any coverage against sudden death, as death is typically covered by life insurance.

A personal accident policy covers against accidental death and turns over 100% of the assured sum to your nominee and/or beneficiary.

We hope this article has answered any questions that you might have had, but if not, we’d love the chance to provide more information!

Get in touch by paying us a visit at our branches (Maison Esplanade – Victoria, Pension Complex –Baie St. Anne Praslin, Green Corner –Providence)  or call us on 429 5000 or send an email to info@sacos.sc. We’ll be more than happy to help!

We all aspire to be someone, and to do something.

How many times have you looked as someone and thought ‘I could do that too, if only I had the means’? With Sacos’ Exclusive Plan, you can!

Whether you’re a single lady, married, or a young professional, the Sacos Exclusive Policy provides an ideal opportunity to put aside something for yourself, and at the same time to  eventually be able to enjoy your retirement.

How does the policy work?

Available from the ages 18 to 55, the Policy can be issued for a period of 12,15,18, 21 or 24 years. As the policyholder you will be paid the growing cash payment every three years.

For example: You take out a SCR100,000 policy for a maximum term of 24 years. You will be paid an initial 8% of the sum assured, in this case SCR8000, after the first 3 years. This will go up by 2% every 3 years until the 24th year of the policy. In addition to the whole SCR100,000 you receive upon maturity of the policy, you will have also have acquired an additional SCR20,000, as you would have received, in total, the growing cash payments every three years amounting to a total of 120% of the sum assured (total sum of SCR120,000)

On survival to the end of the term, in addition to the last cash payment, the full sum assured plus any bonuses accrued thereon is payable.

What happens if I don’t make it to the end of the Policy?

The whole point of getting an insurance policy is so you have something to fall back on if something ever happens to you. If, as the assured, you are unfortunate enough to suffer from total and permanent disability, you will be paid the full sum assured (with bonuses!) immediately, or in 24 monthly instalments. This is a free benefit provided with the policy.

In the sad case of your death during the term, the full sum assured and any bonuses accrued up to date of death is payable to a beneficiary of your choosing.

Early retirement? A new business venture? A dream holiday! It’s all at your fingertips as an Exclusive Policyholder!.

We’re more than happy to help you choose the most affordable plan that meets your objectives and cater for your financial needs.

Simply pay us a visit at our branches (Maison Esplanade – Victoria, Pension Complex –Baie St. Anne Praslin, Green Corner –Providence)  or call us on 429 5000 or send an email to info@sacos.sc. We’ll be more than happy to help!

When entering into an insurance contract, as the policyholder there are certain conditions you are expected to fulfil. If you are unable or fail to meet these obligations, you may find that your motor insurance policy is liable to being cancelled before its normal expiry date, which would not only leave you unprotected in case of an accident, but in violation of the law.

What factors can result in my policy being cancelled?

• There are some things that are out of your control. Like dying, for instance. Your death, resulting solely from accidental injury will cancel your policy.
• Transferring your vehicle to another party will also result in your policy being cancelled.
• Always pay your premium, and on time. Consecutive non-payment of premium is a sure fire way to have your motor insurance policy voided.
• Aggravation of risk: As the policy holder it is your obligation to inform your insurance company about an aggravation of the insured risk circumstances. For example, if you are consistently lending your car to other people, then the risk of an accident is increased. Failure to disclose that information may result in a non -payment in the case of an accident.
• If your insurance company finds out that you have deliberately withheld important information, or provided false information, your policy may be cancelled.
• In the event that either party, you or your insurance company declares bankruptcy, you may find that your motor vehicle’s policy is no longer valid.

You will find all these conditions in your private motor insurance policy contract.

If you are uncertain about any conditions or terms, one of our agents would be more than happy to go through it with you again.

Simply pay us a visit at our branches (Maison Esplanade – Victoria, Pension Complex –Baie St. Anne Praslin, Green Corner –Providence)  or call us on 429 5000 or send an email to info@sacos.sc. We’ll be more than happy to help!