Community schemes and heritage buildings
Usually, bodies corporate rely on valuers to provide them with building replacement value. However, trustees and insurance advisors need to be aware that sometimes heritage buildings are not declared upfront…
Mike Addison
Sectional title insurance and the value of regular valuations
Since 2016, Prescribed Management Rules require a building valuation to be done at least every three years. In addition, these rules also require that such valuations be tabled at the…
Trustees and insurance renewals
[Updated 30 April 2025] In the sectional title environment, short-term insurance plays a critical role. As the name suggests, short-term insurance policies typically cover one year and must be actively…
Meeting sectional title insurance challenges in 2018
The beginning of a new year is a good time to take stock of our risks and finances, getting our houses in order financially. It is important that trustees understand…
Festive Season Risk
As we wind down for the holiday season we should pause for a moment and consider the risks associated with holidays and the environment we live in. Factors such as…
Sectional title insurance and the advice process
Since the introduction of the CSOS (Community Scheme Ombud Services) Act, the STSM (Sectional Title Scheme Management) Act, and relative rules and regulations, the insurance advice process in the sectional…
Insurance and the managing agent: What insurance does a managing agent need?
[Updated: 29 May 2025] Sectional title insurance doesn’t just protect buildings, it reaches into nearly every corner of the community scheme ecosystem. As my colleague Candice so accurately describes it,…
Sectional title legislation in community schemes
(Updated 20 February 2025) Trustees are guided by the Community Schemes Ombud Services Act (CSOS Act) and the Sectional Title Schemes Management Act (STSM Act) when it comes to insurance…
Community scheme insurance and the independent insurance advisor
We have written a number of blogs about the importance of advice and in particular, how to maintain such records of advice. There are many good reasons for community scheme…
Treating Customers Fairly
Treating Customers Fairly (TCF) is an outcome-based regulatory and supervisory approach designed to ensure that fair outcomes for financial services consumers are delivered by authorized financial services providers. All FSPs…