Occupancy risk in sectional title schemes
(Updated 11 February 2025) In the sectional title insurance environment, occupancy risk disclosure plays a crucial role. It could be a determining factor at claims stage, as to whether a…
Addsure
Why some bodies corporate neglect fidelity cover
(Updated 24 January 2025) Ten years ago, circa 2014, there was a noticeably different attitude toward fidelity cover, and various factors contributed to its neglect. At the time, it was…
The 1-2-3 Approach
(Updated 23 January 2025) Since the early 2000’s, Addsure has been coaching interested owners, trustees and managing agents in the basic requirements and steps to follow in respect of sectional…
The danger of being under-insured
All insurance policies include a clause that states: if you are under-insured, then you cannot expect to receive full settlement of a claim. This is commonly referred to as average…
Rock fall and debris removal – are you covered?
Addsure recently attended to a claim on behalf of a client where very large boulders rolled down a steep hill and onto the property. This caused impact damage to the…
Gas installations
It has become very commonplace for owners to convert to gas stove installations and/or even gas water heating appliances. Property owners need to be aware that the installers themselves must…
Escalation and inflation.. what?
(Blog post updated on 18 November 2024) Why escalation and inflation extensions are vital for building insurance When insuring your property, it’s essential to include escalation and inflation extensions to…
How to cover your property asset
Saving money on your homeowner’s insurance premiums isn’t really a saving when you are under-insured which will result in your payout being less than it will cost you to replace…
Insurance advice for sectional title: Key documents and processes
(Updated 10 January 2025) Sectional title insurance can often feel complex, but with the right guidance, trustees and managing agents can navigate with confidence. At Addsure, we place much emphasis…
Are you covered for tiles that crack or lift?
(Updated 15 August 2024) We often receive claim forms and invoices/quotes for repairs to tiles that have lifted or cracked suddenly and for no apparent reason. For an insurance policy…