Annexure B
    7.1.24
    Annexure B
    p. 42

    Insurance - money paid to an insurance company to protect

      Insurance - money paid to an insurance company to protect a person against the risk of their property being damaged or destroyed. If payment is stopped the protection will lapse. As a consumer under Debt Counselling will most likely be unable to replace their assets in the event of their loss, adequate insurance should be provided for:

    NDRC Practice NoteLast reviewed 2026-04

    What this means in practice

    Short-term insurance on a bonded property or financed vehicle is contractually compulsory and stays in the budget. Cover on unencumbered assets is discretionary and reviewed against need.

    Drawn from NDRC's active case work. For your situation, see our debt counselling overview.

    Cite this clause

    National Credit Regulator. (2015). Annexure B — Debt Review Assessment Guidelines, clause 7.1.24: Insurance - money paid to an insurance company to protect. Guideline 001/2015 (Debt Review Task Team Agreements 2010), p. 42.

    Related clauses

    7.1
    Annexure B
    Required Expenses
    7.1.1
    Annexure B
    Rental, where no bond
    7.1.2
    Annexure B
    Debt Counsellors could ask the following questions
    7.1.3
    Annexure B
    Groceries (food, toiletries, cleaning materials) - groceries
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    7.1.25 Anything else that can be regarded as required
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    Based on NCR Guideline 001/2015, p. 42. For NDRC's interpretation and application, see our debt counselling overview. Download original PDF.