Claim Ratio and its affect on insurance policy renewal
It is important for all owners, but especially the scheme executives, to understand how the ratio of insurance claim value to premiums paid influences their ins…
Category Insurance
Insurance policies and coverage
Read MoreClaim Ratio and its affect on insurance policy renewal
Insuring of Community Scheme Property and Funds
INSURANCE
Owners in any community schemes should be aware of and ensure that their scheme executives have placed the necessary insurance cover required by the C…
AGM Agena Items to be considered
AGM AGENDA ITEMS TO BE CONSIDERED
03 Oct 2022
Extracted from article by Mike Addison of Addsure
Insurance policy requirements of a Body Corporate are covered in…
Cash in Lieu Settlements for an Insurance Claim
Extracted from “How to deal with cash in lieu settlements in the sectional title environment” – Blog Article by Addsure – 20 April 2022
https://adds…
How to know if your insurance claim is viable
Article by Bruce Gibson – Addsure Blog 15 Nov 2021
Insurance policy wording can be hard to make sense of for an ordinary person with no legal or insurance backg…
What can be done to mitigate financial loss relating to geyser insurance?
Geyser claims inflate premiums in sectional titles—learn owner maintenance duties, coverage gaps, double excesses, and tips to minimize financial losses.
Trustees Indemnity in Sectional Title
What exactly does the “Trustees Indemnity” entail?We look at this a little more in depth in the
following article :
1.
Repudiation of Insurance Claims due to Non-Compliance with Legislation and failure to Maintain
Scheme execs risk insurance claim rejections for non-compliant buildings—fire case proves ignorance isn't an excuse. Prioritize regs, by-laws & maintenance to safeguard owners.
What can one do if your Insurance Claim is rejected?
Insurance claim rejected? Don't despair—follow steps like policy review, formal disputes, and calm communication to overturn denials and get paid.
Fidelity Cover
Even though the Managing Agent appointed to administer a community scheme may have a Fidelity Fund Certificate (FFC) issued by the Property Practitioners Regula…