Understanding Risks in Community Schemes and the Importance of a Managing Agent
Community schemes such as sectional title complexes, homeowners' associations and share block developments are becoming increasingly popular in South Africa.
Insurance excess is often a contentious issue. When are you liable for the insurance excess on a sectional title claim?
Owners of units in sectional title schemes are often surprised when they need to pay an excess on a claim submitted to the body corporate’s insurers. It seems like many owners do not understand the relationship they have with the scheme’s insurance policy and the terms attached to such a policy.