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South Africans recently witnessed unprecedented violence, looting and destruction of infrastructure and businesses in parts of the country. The scale of the damage (estimated to have cost business owners billions of rands) has given rise to many questions about claims and whether insurance companies will provide cover for the massive losses caused by the unrest.
Fire is one of the major causes of outright insured losses in South Africa, yet it is also one of the most underestimated and underinsured risks. Your home and everything in it are likely to constitute your single biggest investment, so make sure you take all the necessary fire mitigation steps, and that you are correctly insured for a worst-case scenario.
The strongest deterrent against FSP compliance missteps is or should be: