Many retirement centres across the country are registered as sectional title schemes. As such, their building insurance needs are provided for by one of the specialist property insurance products available.…
[Updated: 09 June 2025] Living in a community scheme means sharing space and opinions with a variety of people. In this environment, it’s easy for emotions to run high, especially…
(Updated 17 February 2025) It is fair to say that the lack of skills and knowledge on the part of many trustees, to make well-informed decisions is a huge risk…
The Sectional Titles Schemes Management Act, the regulations and the prescribed management rules set out what needs to be covered. The trustees, together with a suitably experienced and qualified insurance…
Considering various definitions and pieces of legislation affecting sectional title schemes, we draw some attention to certain aspects of buildings cover. Defining a ‘building’ First, we need to clarify the…
When an insurance policy is purchased, the property owner (the insured) enters into a legally binding contract with the insurer to obtain indemnification against financial loss. This is subject to…
As a property owner, it is important to have a reasonable awareness of the condition of your property at all times. Awareness is key Being aware is essential to ensure…
Whether you buy a home as a primary property or an investment property, it is a costly endeavour where the budget is often extended to the maximum. Expenses to be…
On Friday, 24 March 2017, an industrial warehouse in Rossburgh (Durban) caught fire and burned for over three days. Owing to the nature of the warehouse contents, its location (Durban…
In the area of sectional title insurance, all members are indeed the insured. While the insurance policy is issued in the name of the body corporate, the description of the…