Insurance News
Eskom has recently confirmed it will use satellite technology to target non-compliant solar systems, and homeowners are warned to ensure their systems are properly registered.
After building a career in the insurance industry, Sandra Snowball experienced, first hand, the importance of comprehensive insurance when she lost her home to a fire.
South Africans who enjoy visiting shopping malls are being warned that criminals are increasingly targeting vehicles parked at these centres.
The South African Bureau of Standards (SABS) published new safety regulations for electric fences nearly two years ago, and while not widely publicised, they are being enforced to some extent.
While stories abound of people fighting with their insurance companies over one or other issue – although friends and family may not be a reliable source – a minimal number of complaints reached the office of the Ombudsman for Short-term Insurance (OSTI) last year.
One of the reasons why insurance claims are rejected is because the insured failed to understand the details of the policy, especially what is covered and what isn’t, according to the Ombud for Short-Term Insurance.
South African insurers have different coverage conditions for home solar power systems, which may include expensive sign-offs by two types of engineers and registration with a client’s relevant power utility.
In recent years, South African courts have upheld the enforceability of disclaimer notices, provided they meet specific legal requirements.
South African insurers are warning of faulty equipment in household solar installations, some of which have damaged property.
The first step in combatting cybercrime is to realise that many of the criminal syndicates involved in this space are run like de facto businesses; they operate from offices with large staff complements, all working long shifts to meet targets. This cold truth was shared in the first part of a double-header presentation on cybersecurity, held at Insure Talk 46, a virtual insurance seminar.