Resultant loss vs. consequential loss
Resultant damage: This is defined as a loss that occurs as a direct result of an act caused by an insured peril. In sectional title insurance, the most common example…
Rian Pienaar
The difference between retaining walls and boundary walls
A boundary wall serves as a dividing structure between two pieces of land (defines boundaries) and a retaining wall serves to split levels of ground to prevent the higher level…
Claiming for damage to fitted carpets
Permanently fitted carpets are insured as part of an insured building. This means that it is insured against damage caused by sudden and unforeseen flooding events such as burst pips,…
Liability claims arising from storm and wind damage
With regards to the recent storm conditions in Gauteng along with the usual strong winds along our coast line: Can a body corporate be held liable when a window or…
Trees on common property
(02 December 2024) When it comes to trees on sectional title common property, their maintenance, potential risks, and insurance implications can become contentious issues. This article explores the responsibilities of…
Why different types of insurance risk must be disclosed
Over the past two weeks, we dealt with the use of sections for short-term rentals. This week, we focus on the differences between residential and commercial use. Residential and commercial…
When trade increases your risk profile
Many body corporate complexes consist of residential, office, retail shop and sometimes, a manufacturing factory sections. In principle, this is not a problem for insurers. The problem arises when the…
Insuring community scheme store rooms
In this blog, we delve into the rental of common property store rooms and the effect on insurance. Special resolution From an insurance perspective, it is always a good idea…
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…
Increased replacement values
In terms of legislation, “…trustees shall take steps to insure the buildings…to the full replacement value thereof…” In addition to this obligation, legislation also states that “Any owner may…increase the…