JOBURG FIRE – Understanding fire insurance cover for your sectional title property
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GUEST – Ernest North, co-founder of Naked Insurance
Fire isn’t top of mind for South Africans when they buy insurance because the chances of becoming a victim are relatively low. But although fires aren’t as common as burst geysers, burglaries, or electronics getting fried by power surges, the losses can be devastating. The risks are also rising due to factors such as load shedding, alternative power installations, as well as hotter and drier weather in some parts of the country.
Unfortunately, it’s often only after they experience a fire-related loss that homeowners discover that their insurance doesn’t give them as much cover as they’d hoped for. This is especially true for owners of sectional title properties.
Fire isn’t top of mind for South Africans when they buy insurance because the chances of becoming a victim are relatively low. But although fires aren’t as common as burst geysers, burglaries, or electronics getting fried by power surges, the losses can be devastating. The risks are also rising due to factors such as load shedding, alternative power installations, as well as hotter and drier weather in some parts of the country.
Unfortunately, it’s often only after they experience a fire-related loss that homeowners discover that their insurance doesn’t give them as much cover as they’d hoped for. This is especially true for owners of sectional title properties.
