Insuring community scheme store rooms
In this blog, we delve into the rental of common property store rooms and the effect on insurance. Special resolution From an insurance perspective, it is always a good idea…
Addsure
Insurance claim settlement – cash or reinstatement?
When you submit an insurance claim, you are normally required to submit a claim form with a couple of quotes and reports in support of the claim. A claim form…
Determining replacement values – the body corporate’s responsibility
[Updated: 19 November 2024} The body corporate must determine the replacement value of the buildings professionally at least every three years and ensure that the schedule of replacement values is…
Community schemes, liability and prescription
Trustees and managing agents need to be acutely aware of the prescription and the importance of reporting incidents occurring on common property to the insurer. Prescription period The prescription period…
Application of theft excess for multiple burglaries
[Updated: 13 November 2025] We have noticed an alarming increase in claims and losses resulting from burglaries. Sadly, this problem is unlikely to improve until socio-economic conditions in our country…
How the new regulations and insurance will affect your AGM
This is what an Annual General Meeting (AGM) agenda should look like under the soon-to-be-implemented new regulations: Order of business: Agenda Attendance Register – Proxies, voting cards Determine Quorum Election…
Questions about community scheme insurance
[Updated: 10 November 2025] Owners often leave sectional title insurance matters entirely to their trustees. However, that should not stop them from asking questions. For many, their property represents their…
Do you have dual insurance on your building?
[Updated: 07 November 2025] Dual insurance, sometimes called double insurance, occurs when the same risk is insured by two overlapping but independent policies. In the context of sectional title schemes,…
Damages claims and matching materials
In this blog, we discuss the matching of materials for replacement following a damage claim. Clauses included in policies All insurance policies include clauses under one or more of the…
Insurance premium and sectional title legislation
[Updated: 31 October 2025] The Sectional Titles Schemes Management Act 8 of 2011 makes it clear that one of the functions of a body corporate is to pay insurance premiums…