Sectional Title Insurance

The Sectional Title Insurance package that we structure is a policy designed to provide comprehensive cover at the most competitive premiums available. Costs that need to be taken into consideration are escalation and inflation contingencies, they are however included and the cover is structured to meet the requirements of the Sectional Title Act.

Obtaining the right sectional title insurance cover is the duty of the trustees of the sectional title and due care must be taken to ensure that the insurance will cover the needs of the owners. There must be full disclosure to sectional title owners of the insurance cover and policy in place to prevent under-insuring or a failure to insure fixtures and fittings.

At each annual general meeting the appointed trustees must point out to owners what their entitlements are in terms of section 37 of the Act and management rule 29, to direct the trustees, by special resolution to insure against any further risks which are not specifically listed in management rule 29.

The trustees must before each annual general meeting confirm with their brokers or insurance company that the insurance complies with the provisions of the Act and rules and, at each such meeting, owners should be informed of their rights to protect their own interests by requesting further insurance cover under management rule 29(1)(d) or under their own insurance policy.

For professional advice on sectional title insurance please fill out the form below with your details and we will promptly get in contact with you to discuss your exact requirements and structure a policy that will comply with the rules and is in the best interest of all the owners.

Please complete the form below and we will be in contact with you shortly to discuss your requirements.
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