SECTIONAL TITLE
Valuable advice
Sectional Title insurance is vital
I
ns u r a nc e i n s e c t ion a l t it le s c he me s i s
sometimes discussed at length and debated as
to whether the amounts insured are necessary
and, sometimes, even whether insurance of the
actual scheme is necessary.
Firstly, insurance is of vital importance and proper
insurance of the scheme must be taken care of by the
body corporate of the scheme.
Section 37 of the Sectional Titles Act sets out the
functions of the body corporate and part of this
pertains to the insu