Insurance excess details

Here is information regarding the excess structure (the amount for which a claimant is liable) when claiming compensation on the body corporate insurance policy.

Claim type

Geyser related claims:

Resultant water damage following replacement
Resultant water damage following repairs

1 500 R
500 R
250 R
500 R
In respect of Lightning damage
2 000 R
In respect of Accidental Damage 
2 500 R
In respect of Storm, Wind, Water, Hail or Snow  1 000 R
In respect of Theft of Landlord's Exterior Fixtures and Fittings
10% of Claim, minimum R1,000
In respect of each and every other occurrence giving rise to a claim,
except where provided for specifically in any section or per memorandum
Residential Sections: 1 000 R
Commercial Sections: 1 000 R
In respect of Water Damage to Laminated and Wooden Flooring 10% of Claim, minimum R2,500 cumulative to basic excess
In respect of Earthquake (including mining tremors) applicable to
Klerksdorp, Stilfontein, Orkney, Welkom, Odendaalsrus,
Riebeeckstad, Hennenman and Virginia
1% of sum insured, minimum R2,500
In respect of Subsidence and Landslip 1% of the sum insured with a minimum of R1,000
In respect of Power Surge 10% of claim, minimum R2,000


Last updated:   10 Sept 2012