FINANCE
and hence that could be covered .
4 . What advice can you give to policyholders to ensure that they are adequately covered against loadshedding damage to property ?
Firstly , what can you do to avoid having a loss during loadshedding . This involves knowing when loadshedding will happen and being prepared for it . Then , making sure that high value and sensitive appliances such as televisions and computers are unplugged when loadshedding ends so that potential power surges do not damage these items . The installation and regular servicing of power surge protection can also help .
5 . It is reported that there is a rise in crime ( breakins , burglaries ) during loadshedding - have you seen a rise in crime related claims during lockdown or any other comments ?
Momentum Insure has seen a general rise in crime-related claims not necessarily correlated with loadshedding . During lockdown we experienced a drop in crime
Then regarding insurance , the only thing to ensure is that the insured values adequately cover the value of the property . Make sure that you are covered for power surges and accidents and that all information that was gathered at the underwriting stage is truthful and accurate .
114 NOV 2022 SA Real Estate Investor Magazine