King Price Insurance is a South African insurance company known for its innovative approach, particularly its unique offering where premiums decrease monthly as the insured car’s value depreciates. This model has saved clients substantial amounts since its inception. Established in 2012, King Price has grown rapidly, expanding its services and geographical reach, including a subsidiary in Namibia and plans to enter the European market.
Key Features and Services:
- Car Insurance: King Price provides comprehensive car insurance that covers accidents, theft, hijacking, third-party incidents, and fires. Notably, their decreasing premium model is a significant differentiator in the market. Additional benefits include discounts for insuring multiple cars and royal roadside assistance (King Price Insurance) (Innovations of the World).
- Home Insurance: This includes coverage for buildings and home contents, ensuring protection against damage or loss. The policy also covers portable possessions, offering a flexible and comprehensive insurance solution for homeowners (King Price Insurance).
- Business Insurance: King Price offers a wide range of business insurance products, including coverage for electronic equipment, fidelity, fire, glass, goods in transit, machinery breakdown, money, and more. Their offerings are tailored to meet the needs of various industries, from retail to manufacturing and beyond (King Price Insurance).
- Unique Products: The company provides niche insurance products such as R1 insurance for specific items like golf clubs, bicycles, and hearing aids when bundled with car or motorbike insurance. They also offer car warranty and scratch-and-dent insurance to cover minor vehicle repairs (King Price Insurance) (King Price Insurance).
King Price prides itself on its customer-centric approach, aiming to deliver value through innovative insurance solutions and excellent service. The company’s commitment to making a difference is reflected in its social responsibility initiatives and efforts to support its community and clients (Innovations of the World).
For more information or to get a quote, you can visit the King Price Insurance website.