Subsidence and landslip
Subsidence and landslip are among the most devastating risks to property but remain one of the least discussed insurance perils. Understanding this cover extension and how it may or may…
insurance
Buildings & insurance: Are you legal?
Are you an owner of sectional title property? Are you aware that your trustees are obliged by law to insure your property? The Sectional Titles Scheme Management Act 2011 (3.1(h))…
Insurance & the EUA
(Updated 11 February 2025) Perhaps we should refer to MUAs (Misunderstood Use Areas) rather than EUAs (Exclusive Use Areas), as the subject of Exclusive Use Areas is widely misunderstood and…
Prevention of loss
(Updated 23 September 2024) Most policies have a prevention of loss clause, i.e. the insurer is expected to take all reasonable precautions to prevent losses. Much can be done –…
Responsibility for insurance excesses – multiple sections damaged
[Updated: 5 February 2025] Applying the insurance excess correctly when multiple sections are damaged in a claim is often open to interpretation, especially in cases involving storm damage. For this…
Occupancy risk in sectional title schemes
(Updated 11 February 2025) In the sectional title insurance environment, occupancy risk disclosure plays a crucial role. It could be a determining factor at claims stage, as to whether a…
Liability: Occurrence vs. claims made basis
(Updated 3 February 2025) When it comes to liability insurance, the timing of an event and when a claim is reported can make all the difference. Two common policy types,…
Why some bodies corporate neglect fidelity cover
(Updated 24 January 2025) Ten years ago, circa 2014, there was a noticeably different attitude toward fidelity cover, and various factors contributed to its neglect. At the time, it was…
The danger of being under-insured
All insurance policies include a clause that states: if you are under-insured, then you cannot expect to receive full settlement of a claim. This is commonly referred to as average…
Rock fall and debris removal – are you covered?
Addsure recently attended to a claim on behalf of a client where very large boulders rolled down a steep hill and onto the property. This caused impact damage to the…