Claims preparation costs
Introduction Most specialised buildings cover insurance policies will include a benefit for ‘Claims Preparation Costs’. This cover is over and above the actual building damage repair costs. The policy schedule…
Addsure
Understanding the insurance certificate in sectional title schemes: What every owner and lender should know
In the sectional title environment, one of the most requested and least understood documents is the insurance certificate. Whether you’re a new homeowner registering a bond or a managing agent…
Duplication vs dual insurance in sectional title schemes: What every owner should know
In the world of sectional title insurance, a surprisingly common issue arises when owners unknowingly insure what’s already covered, and sometimes, they intentionally do so. To make sense of this,…
How a geyser mitigation program revolutionised geyser claims ratio for two large schemes
In the insurance industry, we often say the proof of the pudding is in the eating. When managing geyser claims, the proof is undeniably in the statistics. Let’s explore how…
Can insurers cancel a scheme’s policy and if so, why would they?
As trustees of a sectional title scheme, one of your key responsibilities is to ensure that your community remains properly insured. This is clearly set out in the Sectional Tite…
Why do we pay an insurance excess?
We buy insurance to secure protection for ourselves when we suffer a property loss or damage which we cannot afford to repair or replace out of pocket. When a claim…
The AGM handout and how to use it
In this short blog article, we explain the sectional title AGM handout and how it has proven to be an invaluable tool at sectional title AGMs. This simple A5 brochure…
Steps in the valuation process
While Addsure is not in the business of valuations or quantity surveying, we have decades of experience dealing with replacement cost valuations, which lie at the heart of our insurance…
Roof valleys: Maintenance tips to avoid costly repairs and claim rejections
When it comes to roof maintenance, property owners often overlook one critical area, roof valleys. These are the V-shaped depressions where two sections of a roof meet, and they play…
Are owners entitled to cash in lieu of damage claims in sectional title schemes?
When it comes to insurance claims for property damage in sectional title schemes, many owners may wonder if they are entitled to cash in lieu of repairs. The short answer…