Discover the top 5 insurance myths that could lead to costly mistakes for South Africans. Learn the truth behind these misconceptions to ensure you're adequately covered.
Insurance myths actively shape how many South Africans make financial decisions, often with costly consequences. Despite access to more information than ever before, many consumers still rely on half-truths picked up from social media, friends, or past experiences, which no longer reflect how insurance works today.
These misconceptions influence everything from what people choose to insure, to how they respond when something goes wrong. The result is a gap between expectation and reality that often only becomes clear at claims stage, when it matters most.
Here are five myths that shape how many South Africans perceive insurance:
Myth 1: If it goes viral, insurance has to pay out
