Insurance representation: What does a Letter of Authority mean?

Better the devil you know (than the devil you don’t). This old adage suggests that dealing with someone familiar is sometimes easier – while it may not be the best option – than dealing with someone you do not know that might be worse. While this is sometimes true, other times it may result in | Read More

Using a sectional title scheme garage for storage

We are often presented with the following question: Can a residential garage in a sectional title scheme be used for storage? To answer the question, we take guidance form management rule 30 (a-f) as well as the policies which provide guidance regarding disclosure of material nature of risk and any changes thereto. Storage restrictions Owners | Read More

The 1-2-3 Approach of Sectional Title Insurance (updated)

Sectional Title insurance mainly involves three obligatory areas of risk: Buildings Cover, Liability Cover and Fidelity Cover. A fourth segment can arguably be added: any other insurance pertaining to the buildings that the trustees deem required or by way of a special resolution by the owners. For the purpose of this blog, let’s focus on | Read More

Owners’ responsibility to take care of common property

Community scheme owners can easily turn a blind eye to maintenance and safety responsibilities inside the borders of the property. All insurance policies contain conditional clauses that make this the responsibility of the insured client, in the case of a community scheme being ‘the collective of owners’. Regular inspections are needed Owners – particularly elected | Read More

Why you need to know your geyser information

A geyser is one of those fixtures most of us can no longer really do without, being reliant on the convenience of a ready supply of hot water. Most geysers are out of sight and out of mind, and all too often we simply forget about our geysers until something goes wrong. It is important | Read More