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…
insurance excess
Insurance excess and the member’s responsibility
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.…
Who pays the insurance excess on a burst pipe?
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…