Why cheaper isn’t always better

Generally, we all want insurance that offers the widest (most) cover for the lowest premium but there are a number of other important factors to consider, particularly in the sectional title environment. Potential pitfalls Firstly, there is the matter of policy management. In the sectional title environment, claims ratios should not ordinarily exceed 60% over | Read More

Warehouses and fire risk

Modern warehouses can have complicated configurations which can allow for fires to spread rapidly, making manual firefighting efforts more difficult. These fires regularly result in major damages and losses, not only to the buildings but also stock losses and resultant financial loss (profit). Storage areas can be large and include extensive shelving, block storage, bulk | Read More

Storm season is coming. Are you prepared?

Over the last few years, the storms see to be intensifying across the country, causing increasing degrees of property damage each year. While severe storms do occur from time to time, it appears they are occurring more frequently. Correspondingly, the insurance industry is seeing an increase in the settlement of storm related claims, both in | Read More

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