Why different types of insurance risk must be disclosed
Over the past two weeks, we dealt with the use of sections for short-term rentals. This week, we focus on the differences between residential and commercial use. Residential and commercial…
community scheme insurance
The consequences of insurance risk inspections
“Just ask the insurer to send an assessor to inspect the property and tell us…”. This is a sentence brokers hear quite often from our clients. From one perspective, it…
Treating Customers Fairly
Treating Customers Fairly (TCF) is an outcome-based regulatory and supervisory approach designed to ensure that fair outcomes for financial services consumers are delivered by authorized financial services providers. All FSPs…
Is your community scheme insured against strikes, riots and terrorism?
The Sectional Titles Schemes Management Act – and more specifically Regulation 3 – states that bodies corporate must insure against “riot, civil commotion, strikes, lock-outs, labour disturbances or malicious persons…
The importance of accurate insurance values and limits
By now, most managing agents and bodies corporate are aware that the new community scheme regulations have set minimum requirements for various types of insurance regarding the assets and finances…
Sectional Title: Back to Basics
[Updated: 05 June 2025] When it comes to sectional title insurance, the guiding legislation, the Sectional Titles Schemes Management Act 8 of 2011 (STSMA) and the Community Schemes Ombud Service…
Retirement centres and additional insurance risks
Many retirement centres across the country are registered as sectional title schemes. As such, their building insurance needs are provided for by one of the specialist property insurance products available.…
Defamation and insurance in community schemes
[Updated: 09 June 2025] Living in a community scheme means sharing space and opinions with a variety of people. In this environment, it’s easy for emotions to run high, especially…
Education and risk in community schemes
(Updated 17 February 2025) It is fair to say that the lack of skills and knowledge on the part of many trustees, to make well-informed decisions is a huge risk…
How subrogation works
Subrogation is “the substitution of one person or group by another in respect of a debt or insurance claim, accompanied by the transfer of any associated rights and duties.” It…