The Uninsured living on the edge.
This is something I wrote about not so long ago and posted on my website and other social and business sites.
The photo below tells the story, of the occupants of shacks, living really on the edge, as government allows these shack dwellers to build their shacks well below flood lines and on areas prone to subsidence and landslide.
With the recent floods that caused havoc in KZN and surrounds with some places measuring 300 mm of rain in one day, the shack dwellers were standing in shock, and one young man saying, he has nothing left, only the clothes on his body.
Many Insured people will be able to be placed in the same position they were in before the floods that caused damage and havoc on a level unseen before in South Africa. Be it the result of change in weather patterns or earth warming, fact is a person insured will be assisted by his or her insurer to be placed in the same position as before the floods. This shack dwellers have nothing, and is now a burden to the Government, and wheels are turning slow.
I maintain my view that Insurers must now take hands in providing shack dwellers a policy that is affordable and come up with an innovative plan to collect a minimum premium, and there are ways in today’s AI era, and maybe mobile money may just be the solution.
Fact is the young man standing devastated with only the clothes on his body, a hole where his shack was – this is only the material loss, what about the emotional loss losing the lives of people.