[Updated: 30 October 2025] The short answer While trustees may wish to reduce costs by excluding certain geyser-related claims, such as wear and tear or maintenance, completely removing geyser cover…
[Updated: 30 October 2025] 1. Is your advisor a specialist in the field of community schemes? Any advisor or broker can provide insurance products for a sectional title scheme, but…
[Updated: 30 October 2025] Trustees often make insurance errors or omissions, not through negligence, but simply because volunteer trustees cannot be expected to know everything. This article highlights twelve common…
The role of trustees The trustees are appointed to represent the interests of all members of the body corporate and, as such, must maintain a balance between the interests of…
Water-saving measures amid drought During the 2016 drought, municipal authorities across the country took various steps to reduce pressure on dwindling water resources. In Durban, one such measure involved installing…
Acceptance and inspection by insurers New business quotes from insurance companies are subject to acceptance by the insurance company and their right to inspect the buildings to satisfy themselves that…
Yes: If the cause of the damage was a sudden and unforeseen insured event. No: If the damage was caused by wear and tear, defective workmanship, defective design or product,…
Limited cover for community-owned assets Most insurance policies that are tailored for community living needs provide a limited amount of cover for the owned loose assets of the body corporate…
What is a representative of the FSP (Financial Services Provider)? This is the person who is registered and qualified to provide you with financial advice. In terms of FAIS legislation:…
A broker who understands sectional title will ask the right questions about your garages, ensuring they are insured correctly, reflected accurately on the schedule of replacement values, and that everyone…