New developments and sectional title insurance
Risk usually passes upon registration of the first unit in a scheme, i.e. when the body corporate is formed. Getting the new body corporate policy right is important. Usually, the…
insurance
Replacement values and legislation
(Updated: 6 January 2025) This article unpacks the legislation and prescribed rules related to replacement values, summarising them in layman’s terms: Section 3.(1)(h) of the Sectional Title Schemes Management Act…
Damage caused by ants, termites, vermin, etc.
Does the body corporate’s insurance policy cover damage to an owner’s section or common property resulting from an infestation of ants, termites, rats, birds, etc.? The short answer is “No”.…
Settling claims in a sectional title environment
[Updated: 04 August 2025] Sectional Title is unique in many ways. When one divides a building with “imaginary lines” that function much like the borders of a country, it becomes…
Items in the open
[Updated: 12 April 2026] In providing insurance cover for the insured property an insurer and the insured property owner should consider all the actual and potential risks associated with the…
Why managing agents need professional indemnity and fidelity cover
(Updated 19 August 2024) A professional and responsible managing agent protects both their business as well as their client (body corporate) by having professional indemnity (PI) and their own fidelity…
Theft cover: Exterior fixtures and fittings
(Updated 22 August 2024) Traditionally, standard buildings insurance policies only responded to claims where damage to the building was accompanied by forced entry into or exit from the property. For…
Earthquake insurance
Following the 5 August 2014 earthquake, the insurance industry was, once again, bombarded with questions around Earthquake cover. Let’s unpack some of the issues around earthquakes in the sectional title…
How to choose your insurer
We are often asked the question: How do we choose the insurer for our body corporate? The most important factor First and foremost, work with a licensed financial advisor (broker)…
Leak from section above enquiry
Leak from section above to section below – Is this an insurance claim? This is an actual, recent question from a client along with our response to this common enquiry:…