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Naked

Naked is the new way to cover your stuff – insurance you control, instantly, without speaking to a call centre.

Why are Naked's prices game-changing?

The technology and automation that lets you switch insurance in minutes is also the source of the savings that result in lower premiums.

What makes Naked different?

The Naked Difference is what makes us really different. Unlike traditional insurers, Naked charges a transparent, fixed percentage of premiums. Our flat fee means that our income doesn’t depend on how much we pay out in claims, so we have no reason to make claiming difficult. When claims are low, premiums left over at the end of the year go to causes our customers care about, supporting positive change in South African communities, rather than growing insurance company profits.

What types of insurance can I buy through Naked?

Naked currently offers comprehensive cover for your car, homes, and contents. You also can buy cover for single items like cell phones, laptops, your PlayStation or anything else you really value, on a standalone basis.

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Definitions

Liability

Being liable generally results in you owing something to someone. In insurance terms, being liable means that you are being held financially responsible for damages to someone’s property or for causing bodily injury.

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Naked Difference

The Naked Difference aims to remove the conflict of interest inherent to the traditional insurer-policyholder relationship. It means if Naked pays less in claims than we expected, rather than going to our bottom line, the excess funds go to causes chosen by our clients.

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Definitions

Underinsurance

Underinsurance, in the context of home and contents insurance, is when the amount you’ve chosen to insure all your belongings for is less than their actual replacement value.

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