BestSure Sectional Title Insurance

BestSure Sectional Title Insurance I would like to introduce BestSure Financial Services to your company. Key benefits to our clients

1. A 24/7 emergency phone number (0861 10 12 40)
2.

We specialize in providing insurance cover for bodies corporate Residential and Commercial properties, for the last 13 years. We deal with all major insurance companies, but what makes us unique is that we have an underwriting / claims mandate with Absa where we deal with everything in-house, this enable us to provide the kind of service our clients managing agents, property brokers and bodies cor

porate deserve. I would appreciate an opportunity to be your company of service or advise should you consider the need. We at Bestsure specialize in Bodies Corporate Insurance both in residential and commercial settings. With the expertise to cater for this very specialized niche market, we strive to give our clients the best possible solutions with unique, tailor-made policies to match this ever changing market. Tailor made excess structure
3. Managing Agents have a direct “claims reporting facility” to an authorized insurance loss adjuster, avoiding unnecessary time delays of claim settlements(0861 10 12 40)
4. BestSure has the authority to authorize claim settlement cost up to R15k (Residential only)
5. Building maintenance and structural risk surveys in compliance with NBR
6. Preferred motor and household insurance cover rates to all sectional title residents
7. Up to 15% premium discount on existing policies ( T&C apply)
8. We ensure to obtain the lowest premium rate on all new developments.
9. Excess Buster benefit ( no excess on geyser replacement)
10. We deal with all major insurance companies.
11. Our unique system makes it possible to service clients in any area. It is essential for the trustees of a body corporate to take out adequate sectional title insurance. While a sectional title owner is not obligated to purchase insurance, it is up to the body corporate to ensure that the scheme is insured. Sectional title insurance should cover buildings and common property for the replacement of each owner’s section. Owners are expected to obtain personal insurance on top of the bodies’ corporate insurance to cover claims resulting from their own negligence. Trustees and owners should check that the following is in place to avoid claims from being repudiated:

• Functional and adequate fire-fighting equipment should be in place
• The scheme should not be under insured
• Equipment and building materials should be SABS approved e.g. Geysers, etc.
• Ensure that your Sectional title insurance policies are not lapsed
• Regular maintenance is carried out. To get professional advice on sectional title insurance contact us on 0861101240. Willie Van Wyk

04/02/2016

Solar Geysers and Energy Saving Installations Part 3 of 5



In Part 3 of this newsletter we will continue to look at the implications of solar and other energy saving installations in relation to the insurance policy of a body corporate.

Whenever considering installing a solar

geyser, it is very important to consider

the difference between direct/ indirect and split/pumped solar geysers

systems.

Let's start with Direct Solar Geysers:

Direct solar geysers have solar panels into which water is pumped. Water within these panels is heated by solar power and is stored within the geyser for use. As the water is pumped directly through the heating system and into the unit/home, these systems do not require large tanks.

Where are Direct systems suitable:

Direct systems are most suitable in areas of high solar radiation and where the quality of water is medium to good.

Therefore direct systems are most suited to 'coastal' areas where there is no frost.

Where are Direct systems not suitable:

Direct systems are not suitable in areas prone to frost and harsh water areas. In 'inlandwill most definitely fail at the first frost.

Chemicals in water erode the panels, pipes and tanks and this tends to shorten the lifespan of these systems.

There are many problems with keeping pets in community schemes. We encounter them often on our various discussion forums...
26/03/2015

There are many problems with keeping pets in community schemes. We encounter them often on our various discussion forums and in our consulting business. This article is about joining a scheme without permission to keep your pets.

Pet owners’ love for their animals often blinds them at decision making time. Here are two stories that will hopefully raise awareness of the importance of keeping a clear head when making a decision about pets and living in a community scheme. These are basically true stories, I’ve just changed details that might identify the individuals and schemes involved

The Home Owners’ Association (HOA) with a no pets rule

Lucy’s husband works in Dubai and returns home for a few weeks every few months. She is therefore alone much of the time and depends on her two large dogs for protection as well as for companionship. Understandably, she is very attached to them.

Lucy and her husband decided to move from the city and looked at “country estate” HOAs in several different locations, both at the coast and inland. They settled on one, the only problem being that –strangely for a “country estate” – there is a blanket no pets rule in place. When they did the first viewing they saw a dog in the neighbor’s property and upon asking, the neighbor acknowledged that the dog was actually not allowed to be there. Both the seller and the estate agent said there was a no pets rule but that it was up for change at a coming meeting, so it was not a problem. Lucy said to them that if she couldn’t have her dogs there they would not buy, that the dog issue was a deal breaker.

In a later communication exchange the chairperson said bring the dogs but he could not give official permission because of the current rule. Lucy and her husband were repeatedly assured that the rule would be changed and the dogs wouldn’t be a problem. But they knew the rule was in place. And they made an offer, which was accepted. Of course, the rule was not changed and Lucy and her husband are now faced with a major problem in their lives.

The hard choice

Danny had been living with his mother while he was going through an awkward time financially but was ready to once again move out and get his own flat, so he started looking around and eventually settled on a flat owned by a family friend.

Of course the flat was very nice, conveniently close to work and had the standard sectional title pet rule, that is, occupiers can apply for permission from the trustees to keep a pet. This made the flat doubly attractive because Danny has owned Titan, a Yorkshire terrier, for nearly ten years. So Danny, sensibly following advice from a sectional title expert friend, asked the family friend owner to apply to the trustees for permission to bring Titan with him when he moves in. She did so, saying in her application that Danny and Titan had lived in a block of flats before without any problems.

The trustees actually asked for a reference for the dog and Danny approached the managing agents of the scheme in which he had lived previously, asking if they could supply a reference, which they very kindly did, saying that Titan had never been a disturbance or caused any kind of nuisance.

Imagine Danny’s disappointment and frustration when the trustees eventually refused permission for his pet. Danny signed the lease anyway, confident that he could prevail on the trustees to change their minds and allow him to keep Titan once they realized that the reference was true and Titan was in no way a nuisance.

Now Titan lives with granny and the best Danny can do to be with his old friend is to stay over at his mom’s place on the weekends. Which makes him sad.

Rules are real

In sectional title schemes the legislation makes it clear that the rules apply to and bind all owners and occupiers, and that includes tenants. In homeowners’ associations the member’s liability to comply with the rules is contractual. If you buy into an HOA, you are automatically a member of the association and therefore bound by that association’s rules. Either way, the executives of the scheme are equally bound to enforce the rules. When looking at a scheme, either as a prospective buyer or as a tenant, realize that the rules are enforced and that you have a very small chance of getting them changed.

Article reference: Paddocks Press: Volume 10, Issue 3, Page 2.

Anton Kelly is an extremely knowledgeable specialist Sectional Title and HOA teacher and consultant. Having been the lead teacher on all the Paddocks courses for the last 5 years, Anton lives and breathes Sectional Title and HOA law, all day every day. There are not many issues he hasn’t come across before.

This article is published under the Creative Commons Attribution license.

Back to Paddocks Press – March 2015 Edition.

12/05/2014

MAY

16

Reminder

Good day Everyone,

Just a friendly reminder not to miss out on our function this coming Friday 16th as there will be exciting topics under discussion, there will also be a very exciting tool which will be made available to all managing agents on the day. We hope that it will enhance your business going forward

Agenda for the day

Welcome drinks will be served from 12h00 until 13h00
13h00 -Welcome : Sakkie Stoltz
13h10 - Absolute Underwriters : Stephan Richards
13h25 - Glasfit (glass inspections on buildings and various benefits via Bestsure)
13h40 - Otto Krause( arbitrations ): Maryka du Plooy
13h55 - A&G (Liabilities for managing agents and trustees) :
Ken Van Sweeden
14h10 - Curasure (Building maintenance) : Frederik Nel
14h25 - Bestsure Commercial : Sakkie Stoltz

Food will be ready by 15h00 with live music from Leon Graham

Thank you so much and hope to see you there

Willie van Wyk
0861101240
[email protected]

Bestsure to be the first to insure the newly developed Silos in Newtown which has been converted into residential purpos...
03/04/2014

Bestsure to be the first to insure the newly developed Silos in Newtown which has been converted into residential purposes to accomodate mainly students. Our cover is widely spread to accomodate any need.

03/04/2014

What is the difference between Assets All Risks cover versus the normal Perils based Building combined cover?

We all know that under a normal building combined perils based policy, the insurer only covers defined events, i.e. listed perils, such as fire, lightning, explosion, storm, wind, water, hail, theft, malicious damage, earthquake etc.

In other words, if the cause of the loss or damage is not one of the listed perils, there is simply no cover. This is a very restrictive form of cover.

Assets All Risks policies on the other hand are much simpler.

The principal is that everything is coveredunless it is specifically excluded.

In other words, if the cause of the loss or damage appears on the list of exclusions, it is not covered. If it does not appear, then it is covered.

CIA's policy wordings are all on a Broadform Assets All Risks basis and are written in plain language which makes them easier to read and understand

No longer does the client have to wade through all the technical insurance jargon totry and understand what is covered and what is excluded.

It is in a simple layout, all the important words have been defined and all the exclusions have been printed in red for easy reference. The lists of exclusions are printed under one heading and are clearly shown, making it easier to find.

24/01/2014

STATUS MARK SECURES

BESTSURE ONSITE

SERVICE CENTRE



Status Mark is pleased to announce that

top short term insurance broker,

BestSure, will be servicing Status Mark's

clients right from our offices.

Status Mark CEO, Sasha Koen, says

“We're very excited about this

development. Running Sectional Title and

Homeowners Association insurance

through 3rd party brokers has always been

difficult, causing delays in claim

submission and payouts.

With BestSure's representative now

operating from the same office as our

portfolio managers, service levels and

communication can only improve.

In fact, in the short period that BestSure

has been operating from our office we've

already seen significant improvement on

claim payouts.”

It's so easy, claims on policies BestSure

looks after are passed directly on their

online claims system. Any queries or

problems can be addressed between

broker and portfolio manager quickly as

they are housed right next to each other.

Working in such close proximity to portfolio

managers also means that the broker will

get much greater insight into sectional title

and complex issues.

Trustees visiting the portfolio manager can

now also talk directly to the broker on any

insurance related issue including policy

queries and renewals.

Bestsure Sectional Title
07/07/2013

Bestsure Sectional Title

12/06/2013

Carbon Monoxide Hazards when using Generators:

When used in a confined space, generators can produce high levels of Carbon Monoxide within minutes. Remember that you cannot see or smell Carbon Monoxide. Even if you do not smell exhaust fumes, you may still be exposed to these. Carbon monoxide at high levels can kill a person within minutes.

Carbon monoxide (CO) is produced when fuel such as gas, oil, petrol, diesel, wood, or charcoal is burned.

Hundreds of people die accidentally every year from Carbon Monoxide poisoning caused by malfunctioning or improperly used fuel-burning appliances. Fetuses, infants, elderly people, and people with anaemia or with a history of heart or respiratory disease can be especially susceptible.

If you start to feel sick, dizzy or weak while using a generator, get to fresh air right away. Do not delay.

Safety tips when using a Generator:

Carbon Monoxide Poisoning

Never use a generator inside homes, garages, enclosed spaces, sheds, or similar areas, even when using fans or opening doors and windows for ventilation. Deadly levels of CO can quickly build up in these areas and can linger for hours, even after the generator has shut off.
Follow the manufacturers instructions that come with the generator. Locate the unit outdoors and far from doors, windows, and vents that could allow CO to come indoors.

The information contained herein must be seen as a set of guidelines and does not purport to provide legal or other professional advice. If such advice is needed, consult with your legal or other qualified adviser. BestSure / Willie Van Wyk will not accept any responsibility towards any person relying upon the contents hereof nor accept any liability whatsoever for the accuracy of information supplied by a third party or the consequences of relying upon it.

23/05/2013

The Dangers of Electrical or Portable Generators

With winter fast approaching and load shedding a looming reality, many people are rushing out to buy generators.

The question is, how much does the average person know about the dangers associated with generators?

It is important to note that any Generator installation should comply with the South African National Standard (SANS 10142-1:2003) for the wiring of the premises. Clause 7: 12 prescribes the minimum safety requirements for the installation of low voltage generators.

This is a legal requirement and failure to comply with these requirements could possibly invalidate your insurance should it be established that a fire or injury is caused as a result of the incorrect connection of the generator. It is advisable that you inform your broker and insurer that you have installed a generator and this should be noted on your policy.

Electrical Generators or Portable Generators are useful when temporary or remote electric power is needed. The primary hazards to avoid when using a generator is carbon monoxide (CO) poisoning from the toxic engine exhaust, electric shock or electrocution, fire and burns.

Every year, people die in incidents related to portable generator use. Most of the incidents associated with portable generators involve Carbon Monoxide poisoning from generators being used indoors or in partially-enclosed spaces with inadequate open air ventilation.

In Part 2 of this newsletter we will look at Carbon Monoxide Hazards when using generators.

Disclaimer of Liability - The guidelines expressed in his document are not intended to infringe nor replace the manufacturer's guidelines for safety and usage. This document is only a suggested guideline for the safe use of portable generators. The information in these guidelines including, without limitation, all research, opinions or other content is not intended, nor does it constitute, consulting or other professional advice or services. Before any decision is made or any action taken which might affect the use of generators, consultation with your own
electrician or professional is advised.

The information contained herein must be seen as a set of guidelines and does not purport to provide legal or other professional advice. If such advice is needed, consult with your legal or other qualified adviser. BestSure / Willie Van Wyk will not accept any responsibility towards any person relying upon the contents hereof nor accept any liability whatsoever for the accuracy of information supplied by a third party or the consequences of relying upon it.

11/04/2013

An owner is responsible for:

Repairing and maintaining his section in a state of good repair and, in respect of an exclusive use area, keeping it in a clean and neat condition.
Maintaining the interior of the unit, including the full maintenance of the doors, windows, lights and light fittings, paint (interior) and built in cupboards.
Insuring all movables in the unit (fixtures are covered under the buildings combined insurance of the Body Corporate).
Payment of the levy amount determined for the unit.
Complying with the Conduct Rules, including all members of the family, guests, servants and contractors.
Use and enjoy the common property in such a manner as not unreasonably to interfere with the use and enjoyment by other owners or other persons lawfully on the premises.
Not use his section or exclusive use area, or permit it to be used, in such a manner or for such purposes which will cause nuisance to any occupier of a section.
When the purpose for which a section is intended to be used is shown expressly or by implication on or by a registered sectional plan, not use or permit such section to be used for any other purpose. With the written consent of all owners such a section may be used for another purpose.

The information contained herein must be seen as a set of guidelines and does not purport to provide legal or other professional advice. If such advice is needed, consult with your legal or other qualified adviser. BestSure / Willie Van Wyk will not accept any responsibility towards any person relying upon the contents hereof nor accept any liability whatsoever for the accuracy of information supplied by a third party or the consequences of relying upon it.

04/04/2013

Check for leaking pipes by turning off all taps, record the water meter reading and watch if the meter reading increases
Keep gutters and downpipes free of debris to prevent blockage
Branches of trees and tall shrubs should be cut back regularly to ensure the roofline is clear
Replace broken roof tiles to prevent rain water seeping through and damaging ceilings
Put moth balls in intercoms and gate motors to prevent insects from making nest .

The information contained herein must be seen as a set of guidelines and does not purport to provide legal or other professional advice. If such advice is needed, consult with your legal or other qualified adviser. BestSure / Willie Van Wyk will not accept any responsibility towards any person relying upon the contents hereof nor accept any liability whatsoever for the accuracy of information supplied by a third party or the consequences of relying upon it.

Address

Roodepoort
1724

Alerts

Be the first to know and let us send you an email when BestSure Sectional Title Insurance posts news and promotions. Your email address will not be used for any other purpose, and you can unsubscribe at any time.

Contact The Business

Send a message to BestSure Sectional Title Insurance:

Share