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The South African Motor Body Repairers’ Association (SAMBRA), whose members are responsible for repairing over 80% of all insured repair claims in the country, has put in an urgent appeal to the insurance sector, through SAIA, to consider alternate payment and fee arrangements for at least the next 30 days.
Runaway fires like the recent one on the slopes of Table Mountain and Signal Hill often wreak havoc and can have crippling financial ramifications. Fire damage to residential and commercial estates is proving an increased risk for property owners and insurers alike. Body corporates and trustees should ensure their estates’ insurance is adequate against fire risk.
If you had to hazard a guess, when do you reckon the COFI Bill will be signed into law?