Geyser insurance – An update
(Updated 15 January 2025) Geyser insurance is ever evolving and affected greatly by the insurer’s response towards this risk. It is a balancing act between current legislation, client expectations and…
Addsure
Practical steps to deal with sectional title insurance
[Updated: 10 July 2025] The purpose of this article is to provide trustees with a simple, practical approach to handling the all-important insurance matters of their scheme. There is no…
Claiming for water damage to fitted carpets
All insurance policies provide cover for damage to fitted carpets caused by a sudden and unforeseen flooding event. These events include events like burst pipes, burst geysers, accidental bath overflows,…
Building rate and sectional title insurance
(Updated 15 January 2025) When managing sectional title schemes, understanding the concept of “building rate” is critical. Unfortunately, many portfolio managers, trustees and owners make costly mistakes by misinterpreting this…
Mid-term change in insurance T&C’s
An insurance policy is issued as an annual contract between the insurer and the insured. Before each anniversary date, the insurer will present its intended renewal terms for the next…
When trade increases your risk profile
Many body corporate complexes consist of residential, office, retail shop and sometimes, a manufacturing factory sections. In principle, this is not a problem for insurers. The problem arises when the…
Community scheme insurance in 2017
Community scheme insurance has entered a new, exciting era of change. Recently, the new community scheme legislation resulted in more emphasis on insurance at general meetings as well as much…
Death on sectional title property
Life in the sectional title environment can, very occasionally, take a drastic turn for the worse. Death comes to us all, but for some it takes place on body corporate…
Understanding property owners’ liability cover & trustees’ indemnity
(Updated: 30 January 2025) In the context of community schemes, particularly sectional title schemes, it is especially important for trustees and managing agents, to understand the difference between property owners’…
Late notification of insurance claims
All insurers have a conditional clause in their policy whereby the client (the insured) is expected to make any claim within a specified period from the date of the loss…