Tag: excess payment

As policyholders are aware, insurance premiums increase from time to time. This may occur on an annual basis or at specific intervals as economic, market and risk factors change. Understanding why your insurance premium has gone up and possibly when to anticipate an increase can be helpful in planning ahead for the financial implications.

Ask any sectional title body corporate what keeps them awake at night, and the recurring issue of maintenance – and who’s responsible for it – is most likely the answer. The solutions are often far from straightforward. According to the Sectional Titles Act, the body corporate is responsible for the maintenance of the sectional title’s common property, which includes the outside of buildings, roofs, common gardens and parking bays, driveways, security systems, and shared amenities.

Imagine installing a R2.5 million solar operation to power your property, only to have your property destroyed by a fire. This is the very real risk property owners face if the installation of the solar power solution is not done in accordance with regulation and South African National Standards (SANS).

2020 is not coming up roses in the economy department and all indicators point to a tough year for consumers. In tough times, looking for ways to cut back, save, and make your money work harder for you, is always a good idea.