Why you need an FSP representative?
What is a representative of the FSP (Financial Services Provider)? This is the person who is registered and qualified to provide you with financial advice. In terms of FAIS legislation:…
Mike Addison
How is my garage insured?
A broker who understands sectional title will ask the right questions about your garages, ensuring they are insured correctly, reflected accurately on the schedule of replacement values, and that everyone…
How to deal with a community scheme liability claim
(Updated 26 August 2024) When a person suffers a loss by way of damage to property, injury or loss, or loss of life through perceived or alleged negligence on the…
News on Insurance and AGMs – Proposed New Insurance Rules
Under current prescribed management rules, the trustees need to see to it that the schedule of replacement values (SRV) is presented at the annual general meeting for consideration and approval.…
The valuation and the proposed prescribed rules
(Updated 15 January 2025) In this short article, we unpack the prescribed rules, pertaining to the valuation, and effect of insurance presentation. These are the prescribed management rules as set…
Budgeting for your insurance
We are often asked how much we expect the premium to increase by this year. Our clients expect us to say X per cent, but there is more to it…
16 Tips to Reduce Risk Before Going Away
(Updated: 30 September 2024) It’s that time of the year again; everyone is rushing around and carrying out final tasks so they can go on holiday. Sometimes, we are in…
New proposed CSOS and STSM Act regulations
During 2011, the new CSOS (Community Schemes Ombud Services) Act and the new STSM (Sectional Title Schemes Management) Act were promulgated with the intention of bringing it into effect once…
The story behind Addsure’s Sectional Title Insurance Guide
[Updated 7 May 2025] The Sectional Title Insurance Guide was born out of the insurance advice process. It began as a set of bound notes for trustees and managing agents,…
When should my broker fight for me?
Should my sectional title insurance broker ever fight for me? Yes, especially when the claim rejection is unjust or unfair. The key is whether or not the claim was fairly…