The responsibility for paying the insurance excess depends on your scheme’s management rules. Unless specifically amended, most schemes operate under the Prescribed Management Rules (PMRs). These rules outline who is…
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…
There is a bit of history behind the sectional title excess rule in in South Africa. For many years, there was no rule stipulating who should pay the insurance excess.…
This is a very popular question that often highlights opposing views and differing interpretations of policy wording. Whether the pipes are on common property or within the section, a burst…