Regulations that property owners need to comply with.

All insurance claims for damage to buildings are assessed by the insurer. Where any material breach of legislation or regulations with regard to construction, maintenance and safety of the buildings are found, the insurer is entitled to reject such claims. Here are some relevant regulations that must be adhered to: National Building Regulations These regulations | Read More

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, burst geysers, accidental bath overflows, storm or rainwater and sewerage overflows.  What is not covered is damage resulting from a gradual event caused over an | Read More

Unpacking replacement cost valuation figures

In line with sectional title prescribed rules, the replacement cost valuation needs to be undertaken at least every three years. Usually, this involves updating the policy as soon as possible thereafter, either adjusting the buildings sum insured upwards or downwards. In a previous blog, we explained inflation and touched on the way a policy is | Read More

Legal expenses in community schemes

In October 2016, new legislation governing community scheme property came into force, followed by an increase in statutory responsibility and accountability of property owners, trustees and managing agents. More so than ever before, laws and regulations have been put in place to hold all those to account who may potentially misuse and misappropriate the community | Read More

How to deal with multiple community scheme insurance claims simultaneously.

There are a number of insured perils or risks that cause damage to multiple sections of a community scheme simultaneously when they occur. These perils most commonly comprise storm, wind, rain and water. With this in mind, it is important to understand some of the foundational principles of insurance – and in particular, community scheme | Read More