We often get asked a simple but important question: “Can an owner insure their unit separately from the body corporate’s policy?” It sounds straight forward, perhaps a few owners or…
Understanding property classification in building insurance Upon a request to provide insurance for a building, the insurer will require sufficient data on the nature of the structures to determine the…
We often see the question pop up on social media: “Is there any insurer that covers leaking or rusty pipes?” It’s a fair question, especially for those living in older…
Insurance companies reserve the right to conduct property inspections through site visits. These inspections will be scheduled in advance with the property owner, and in the case of a sectional…
In South Africa’s community schemes sector, managing agents operate under constant pressure to deliver efficient service while meeting legal and fiduciary obligations. The role often involves navigating complex client relationships,…
Following a severe claim event, whether it’s a fire, flood, or severe storm, the immediate aftermath can feel overwhelming. As a property owner or trustee, knowing the right steps to…
Many property owners assume that if they reduce their sum insured by 20%, their insurance premium should also drop by 20%. It sounds fair, but in reality, that’s not always…
For many managing agents, the topic of solar installations often brings a level of anxiety, particularly when it comes to compliance. Beyond the body corporate rules and regulations, and the…
Every year, trustees and managing agents gear up for what is often called AGM Season, and we all know that this can be a stressful time for some! But it…
Introduction Most specialised buildings cover insurance policies will include a benefit for ‘Claims Preparation Costs’. This cover is over and above the actual building damage repair costs. The policy schedule…