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Alarm systems at risk due to loadshedding

14 December 2014

Following Eskom's confirmation that South Africa will face ongoing loadshedding for the next few months, homeowners have been warned of the increased burglary risks due to alarm systems not responding in the event of a power cut.

Consumers warned of loadshedding insurance risks

09 December 2014

With the recent announcement made by power-utility company Eskom stating that loadshedding will continue throughout the country over the festive season, consumers have been warned to take precautionary steps to reduce the risks of damage to appliances and home burglaries.

Do we have to polish the looking glass for 2015?

09 December 2014

As we approach the festive season, the insurance industry is breathing a collective sigh of relief that 2014 is finally coming to an end. Many people have their own views about the challenges and opportunities that played a role in the performance of the industry during the year and it’s good to see a balanced mix of positive and less positive comments about the year that was and the year ahead. Adam Samie, CEO of Lion of Africa, shared his views on what he believes 2015 will have in store for the short-term industry.

The insurance risks of poorly maintained homes

04 December 2014

Considered the largest private residence in the European region, the 365-room Wentworth Woodhouse in South Yorkshire, England, was recently put on the market by its owner for £7 million. For a home with a rich history dating back to the 17th century, the sale of Wentworth Woodhouse may be considered cheap. With a repair bill of close to £42 million, however, it highlights the importance for potential homeowners to consider the upkeep costs and potential insurance implications due to a lack of maintenance before purchasing any large estate or expensive property.

quick poll

Question

If you had to hazard a guess, when do you reckon the COFI Bill will be signed into law?

Answer

2026, as promised 2027 looks more likely Impossible to say More consultation needed

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