RESOURCES & MEDIA
Addsure Claim Form – General
Addsure’s claim form is recommended and approved by our principal insurers / underwriting managers.
The form is specifically designed to meet sectional title legislation / standard sectional title management rules, i.e.
- The Body corporate is the insured and if a claim pertains to damage inside a section, the owner, although has rights, is effectively the witness.
- Any document is only binding if signed by 2 trustees or one trustee and the managing agent.
The form has been designed in a user friendly and easy to complete format.
One-stop claim form for geyser claims.
Buildings Policy – Detailed Letter of Advice
This letter of advice needs to be read in conjunction with the letter of advice summary and comparisons addressed to your body corporate.
Prescribed Rule 29.4 states that the owner of a section is responsible for any excess payment in respect of his or her section payable in terms of a contract of insurance entered into by the body corporate provided that owners may by special resolution determine that the body corporate is responsible for excess payments in respect of specified damage.
Unless the body corporate has its own rules or amended this rule already, a special resolution setting out the events or specified damage applicable to the particular environment of the body corporate should be considered.
This sample, which can be amended to suit the body corporate concerned, can be obtained by emailing us on email@example.com
Prescribed Rule 29(2)(b) states that owners in a general meeting should decide on how much, if any, fidelity cover should be purchased.
The sample on the link above is of the suggested format for a Schedule of Replacement Values.
Below you will find links to our content library:
- A Definition of Escalation and Inflation
- Inner City Sectional Title Properties
- Retaining Walls versus Boundary Walls
- Retaining Walls and Insurance
- Wear and Tear versus Sudden Loss
- Make Sure Your Insurance Has You Covered
- Make Sure You Can Take The Knock
- Cover Yourself
- Who Gets The Insurance Payout?
- Leaking Washing Machine?
- Dealing with the Schedule of Replacement Values