Community scheme insurance and the independent insurance advisor
We have written a number of blogs about the importance of advice and in particular, how to maintain such records of advice. There are many good reasons for community scheme…
Addsure
Treating Customers Fairly
Treating Customers Fairly (TCF) is an outcome-based regulatory and supervisory approach designed to ensure that fair outcomes for financial services consumers are delivered by authorized financial services providers. All FSPs…
Signing claim forms in the sectional title environment.
[Updated: 2 June 2025] When dealing with insurance claims in sectional title schemes, it’s important to consider the Sectional Titles Schemes Management Act 8 of 2011 (STSMA), its Prescribed Management…
Is your community scheme insured against strikes, riots and terrorism?
The Sectional Titles Schemes Management Act – and more specifically Regulation 3 – states that bodies corporate must insure against “riot, civil commotion, strikes, lock-outs, labour disturbances or malicious persons…
The importance of accurate insurance values and limits
By now, most managing agents and bodies corporate are aware that the new community scheme regulations have set minimum requirements for various types of insurance regarding the assets and finances…
Sectional Title: Back to Basics
[Updated: 05 June 2025] When it comes to sectional title insurance, the guiding legislation, the Sectional Titles Schemes Management Act 8 of 2011 (STSMA) and the Community Schemes Ombud Service…
Retirement centres and additional insurance risks
Many retirement centres across the country are registered as sectional title schemes. As such, their building insurance needs are provided for by one of the specialist property insurance products available.…
Defamation and insurance in community schemes
[Updated: 09 June 2025] Living in a community scheme means sharing space and opinions with a variety of people. In this environment, it’s easy for emotions to run high, especially…
Education and risk in community schemes
(Updated 17 February 2025) It is fair to say that the lack of skills and knowledge on the part of many trustees, to make well-informed decisions is a huge risk…
Sectional title buildings insurance policies vs. current rules and regulations
The Sectional Titles Schemes Management Act, the regulations and the prescribed management rules set out what needs to be covered. The trustees, together with a suitably experienced and qualified insurance…