Mpumelelo Mashinini on what underinsurance is, how to avoid it, and how to ensure you are adequately covered.

You’ve probably heard of the term “underinsurance”, but what does it actually mean – and why does it matter so much?

In the final episode of our four-part On The Money series with Old Mutual Insure, Regional Development Manager for Commercial Insurance Mpumelelo Mashinini joins Old Mutual’s Financial Education Programme Manager, Thabo Hollo, to unpack one of the most common and misunderstood risks in insurance.

Underinsurance happens when assets are insured for less than their true value. It can seem harmless at first – and in some cases it may even lower your premium – but it can create a serious shortfall when it’s time to claim.

Through practical examples and simple explanations, Mpumelelo and Thabo explore why keeping the value of your assets up to date is crucial, and how regularly reviewing your insurance can help you avoid unpleasant surprises when you need to claim.

Watch the Video

Mpumelelo Mashinini sits down with Thabo Hollo and touches on topics like:

  • Understanding what underinsurance is
  • Avoiding being underinsured
  • Ensuring you are adequately covered

And more.