Sectional title insurance and the valuer
It is advisable for executives, trustees, or directors of a community scheme to regularly commission a professional replacement cost valuation of the buildings, aligning with the scheme’s size and nature.…
Mike Addison
Sectional title valuations: How to avoid a common error when updating the insurance sums
(Updated: 12 December 2024) One of the most common errors which occur following a professional valuation, is the duplication of escalation. This happens very easily as quantity surveyors and many…
Do managing agents still need fidelity cover?
[Updated: 19 January 2026] Yes, managing agents definitely need their own fidelity cover. The PPRA (Property Practitioners Regulation Authority), notwithstanding that a property practitioner holds such a fidelity fund certificate,…
Renewal of fidelity policies
A community scheme may well have a separate fidelity or commercial crime policy from the main policy. I refer to the scheme’s main policy as usually, this policy will include…
How managing agents and trustees should deal with the schedule of replacement values
The schedule of replacement values (SRV) is a critical document, which is presented at the annual general meeting (AGM) of the body corporate for the owners to approve. Here, we…
Claims ratio in a nutshell
(Updated 8 July 2024) For trustees and portfolio managers to have an objective understanding of an annual premium increase, or even an interim increase, it is vital that the content…
How to mitigate risks related to load shedding around the common property.
We have all become far too familiar with load shedding in South Africa. We wrote about loadshedding generally for the first time in 2014, when we took the view that…
Settling of claims in the sectional title environment
Sectional title ownership is unique in several ways. By dividing a building into sections with imaginary lines, akin to the borders of a country, it becomes essential to insure the…
Sectional Title Geyser Claims: What you need to know about limits and excess payments
One of the most common questions that arise relating to geyser claims in a sectional title scheme is: “Who is responsible for the excess, and if the replacement or repair…
What you should know about fidelity insurance
(Updated 14 August 2024) Traditionally, fidelity insurance is an insurance product that provides protection against business losses caused due to employee dishonesty. A basic insurance policy with an insurer will…