Copy
JUNE NEWSLETTER
 
WE LOOK AFTER YOU
 
WHAT ARE THE TRUSTEES OF A SECTIONAL TITLE SCHEME RESPONSIBLE FOR?

We are often asked this question and while the responsibilities of the Trustees are numerous, we will focus on the insurance aspect. The Sectional Titles Act Section 37(section 1 of the new Act) makes references as follows:

“the duties of the trustees are to insure the building or buildings and keep it or them insured to the replacement value thereof against fire and other such risks as may be prescribed…”

“…to insure against such other risks as the owners may by special resolution, determine…” The “other risks” should be Public Liability, Fidelity cover and SASRIA to name a few.

The insurance must cover the full replacement value of all units (specified separately) and this is to tie up with the sectional title plans and the participation quota of the units.  The PQ may vary from unit to unit due to the different sizes of the units.

In order to calculate the value of the scheme, each unit’s worth should be listed (including all improvements), garages, tarred or landscaped communal areas, walls, gates, foyers, lifts and stairwells, swimming pools, laundry rooms, clubhouse etc. Professional fees should be added as well as demolition costs, VAT and possibly redesign and reconstruction fees.  It is always a good idea to employ the services of a professional building valuer.

If you have any concerns regarding the Sectional Title scheme you may belong to, our staff are a phonecall away and are always ready to assist you.
WINTER INCREASES THE RISK OF GEYSER DAMAGE CLAIMS – WHY?

We really cannot complain about our winters here on the East Coast of Africa however, it does cool down and this causes an increase in the rate of expansion and contraction of our Geysers and ultimately, metal fatigue.  In addition to this, a thermostat temperature higher than 600C may result in excessive steam accumulation causing a geyser to explode.

A burst geyser (especially if you are not at home at the time), causes enormous damage so look out for the early warning signs……..
  • Water is not as hot as it normally is
  • Water pressure is different
  • Water or Steam coming from  the outlet  pipe on your roof
  • Strange humming or hissing noises
Should your geyser burst, be sure to switch off the electricity and water mains immediately.’

Typically, most geysers have a lifespan of 5 to 10 years and during this time, corrosion takes place.  Have your geyser serviced regularly by a trusted Plumber to lengthen the lifespan of your geyser and prevent the damages we all know a burst geyser can cause.
 
STAFF CORNER
Congratulations to Karen Green who completed her 7th Comrades Marathon
To our Clients who ran this year, well done to you all and please share your photographs with us.
 
WE LOOK AFTER YOU
Share
Tweet
Forward