Steps in the valuation process
While Addsure is not in the business of valuations or quantity surveying, we have decades of experience dealing with replacement cost valuations, which lie at the heart of our insurance…
Mike Addison
Are owners entitled to cash in lieu of damage claims in sectional title schemes?
When it comes to insurance claims for property damage in sectional title schemes, many owners may wonder if they are entitled to cash in lieu of repairs. The short answer…
Understanding your insurer’s response to third-party liability claims
In community schemes, incidents occasionally arise where third parties (people outside of the scheme) experience damage or injury linked to the property. Common scenarios include a gate closing on a…
Fireworks and community schemes: An insurance perspective
When I was a boy, fireworks were a thrill—exciting and fun! Even back in the 1970s, cities had designated areas for safely enjoying fireworks, especially on Guy Fawkes Night. Fireworks…
What you need to know about sectional title valuations in 2024
The cornerstone of ensuring the protection of one’s buildings lies in accurately determining their replacement values. Prescribed Management Rules 23.(3) and 23.(4) provide clear guidance on the necessary steps to…
What is the claim procedure following damage to a section?
We were recently asked about the process to follow when submitting a claim for damage to a section in a community scheme. Here is how I responded: First step The…
Sectional title insurance: What should a new owner be looking for?
Embarking on the home-ownership journey, particularly for first-time buyers in a sectional title setting, demands careful attention to insurance matters. This enlightening article delves into crucial aspects of sectional title…
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.…
Are blocked pipes covered by insurance?
There is no requirement in community scheme legislation for insurance to attend to unblocking pipes. The mainstream community scheme insurers we work with exclude the unblocking of pipes or blocked…
Burst and leaking pipes: When will your insurance pay?
The question of when insurance will pay out following a burst or leaking pipe is a contentious topic. Prior to the change in sectional title legislation in 2016 traditional policy…