Fireworks and community schemes: An insurance perspective
When I was a boy, fireworks were a thrill—exciting and fun! Even back in the 1970s, cities had designated areas for safely enjoying fireworks, especially on Guy Fawkes Night. Fireworks…
When I was a boy, fireworks were a thrill—exciting and fun! Even back in the 1970s, cities had designated areas for safely enjoying fireworks, especially on Guy Fawkes Night. Fireworks…
A hot work permit (HWP) is becoming an increasingly important requirement for many community schemes, as more insurance companies make it a warranty condition in their policies. This permit helps…
When your home and buildings are impacted by a storm, especially your living space, addressing and repairing the damage quickly becomes a top priority. In a sectional title environment, the…
The cornerstone of ensuring the protection of one’s buildings lies in accurately determining their replacement values. Prescribed Management Rules 23.(3) and 23.(4) provide clear guidance on the necessary steps to…
Recently, an owner asked a question on The Sectional Title Living in SA Facebook page about the process to follow when submitting a claim following damages to her section. We…
Resultant damage: This is defined as a loss that occurs as a direct result of an act caused by an insured peril. In sectional title insurance, the most common example…
Embarking on the home-ownership journey, particularly for first-time buyers in a sectional title setting, demands careful attention to insurance matters. This enlightening article delves into crucial aspects of sectional title…
Your buildings insurance offers protection for all permanent fixtures and fittings falling within the insurer’s definition of buildings. Fixtures positioned or installed in open areas or easily accessible locations on…
There is a bit of history behind the sectional title excess rule in in South Africa. For many years, there was no rule stipulating who should pay the insurance excess.…
There is no requirement in community scheme legislation for insurance to attend to unblocking pipes. The mainstream community scheme insurers we work with, exclude the unblocking of pipes or blocked…