Real Estate Investor September 2022 | Page 98

The past year has brought to the fore the importance of being adequately insured in the event of damage or destruction of fixed property . The damage to buildings arising from the civil unrest in July last year and the subsequent devastation caused by the floods early this year have resulted in building owners having to deal with the consequences of being under-insured .

FINANCE

Are you adequately covered for building insurance claims ?

By Dr . Deen Letchmiah

The past year has brought to the fore the importance of being adequately insured in the event of damage or destruction of fixed property . The damage to buildings arising from the civil unrest in July last year and the subsequent devastation caused by the floods early this year have resulted in building owners having to deal with the consequences of being under-insured .

98 SEPTEMBER 2022 SA Real Estate Investor Magazine