Addsure

[...] by way of special resolution and what trustees may arrange. As it stands, the arrangement of additional cover can be divided into 3 categories: 1. Additional cover that trustees may arrange Prescribed [...]

[...] the mandate of the owners by way of special resolution. As it stands, arrangement of additional cover can be divided into three categories 1. Additional cover that trustees may arrange [...]

[...] . While enough attention is given to the values applicable to sections, the value for common property is often neglected. This results in the common property being underinsured. Let’s look [...]

[...] lines like borders of a country, it makes sense that the building and all improvements to common property needs to be insured as a whole. The Sectional Titles Act (STA)/ Sectional Titles Scheme [...]

[...] Does the Body Corporate’s insurance policy cover damage to an owners section or common property resulting from infestation of ants, termites, rats, birds etc.? The short answer is “No”. [...]

[...] of insurance entered into by the body corporate, provided that owners may, by way of a special resolution, determine that the body corporate is responsible for excess payments in respect of | Read [...]

[...] : 1. The schedule of replacement values 2. Fidelity cover in terms of MR 29.2(b) 3. Special resolution in terms of MR 29.4 4. Any other insurance that may be needed in terms of MR 29.3 Schedule | [...]

[...] is often confusion over what cover arrangement requires the mandate of the owners by way of special resolution and what trustees may arrange. As it stands, the arrangement of additional cover can be [...]

[...] may arrange, and what cover arrangement requires the mandate of the owners by way of special resolution. As it stands, arrangement of additional cover can be divided into three categories 1. [...]

Standard buildings insurance policies generally exclude cover for damages caused by political riot, labour disturbance or public disorder. These peril [...]

[...] relate to private swimming pools. Swimming pools that are situated on the grounds of a sectional title or community living scheme is deemed ‘private’ as they are for the specific use of [...]

[...] deal with this point one has to understand the provisions made for insurance by the Sectional Title Act 95 of 1986. In terms of Section 37 (1) (f) the body corporate “…must insure | [...]

[...] Sectional Title is quite unique in many ways. When one splits up a building with imaginary lines like borders [...]

[...] Usually, standard buildings insurance policies only respond to claims where damage to the buildings is accompanied by breaking [...]

[...] Standard buildings insurance policies generally exclude cover for damages caused by political riot, labour disturbance [...]

[...] cover can be divided into 3 categories: 1. Additional cover that trustees may arrange Prescribed Management Rule 29.1(x) permits the trustees to arrange further | Read More [...]

[...] can be divided into three categories 1. Additional cover that trustees may arrange Prescribed Management Rule 29.1(x) permits the trustees to arrange further | Read More [...]

Risk usually passes upon registration of the first unit in a scheme, i.e. when the body corporate is formed. Getting the new body corporate policy rig [...]

[...] Sectional Title Insurance Advisors need to be aware of the specified insurance references in the Sectional Titles Act [...]

[...] Dual insurance exists where an owner arranged insurance on a section, unaware that the body corporate [...]

[...] all the assets therein) is well-maintained and properly administered. In terms of Sectional Title legislation and in order to ensure the financial success of the scheme, levies are payable to the [...]