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…
sectional title insurance
Property improvements not covered by buildings insurance policies
All policies define what an insured building is and may not clarify what building or property improvements are excluded from the cover. These definitions and exclusions may differ slightly from…
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…
The consequences of insurance risk inspections
“Just ask the insurer to send an assessor to inspect the property and tell us…”. This is a sentence brokers hear quite often from our clients. From one perspective, it…
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…
Signing claim forms in the sectional title environment.
[Updated: 2 June 2025] When dealing with insurance claims in sectional title schemes, it’s important to consider the Sectional Titles Schemes Management Act 8 of 2011 (STSMA), its Prescribed Management…
Is your community scheme insured against strikes, riots and terrorism?
The Sectional Titles Schemes Management Act – and more specifically Regulation 3 – states that bodies corporate must insure against “riot, civil commotion, strikes, lock-outs, labour disturbances or malicious persons…
The importance of accurate insurance values and limits
By now, most managing agents and bodies corporate are aware that the new community scheme regulations have set minimum requirements for various types of insurance regarding the assets and finances…
Sectional Title: Back to Basics
[Updated: 05 June 2025] When it comes to sectional title insurance, the guiding legislation, the Sectional Titles Schemes Management Act 8 of 2011 (STSMA) and the Community Schemes Ombud Service…