The ONE Domestic Sectional Title All Risk Insurance Policy provides the perfect solution for domestic sectional title property complexes and Home Owners Associations. Cover is provided for the entire complex including all buildings, common property, office contents, All Risk items, vehicles and all liabilities. The policy is targeted at residential sectional title complexes and developments, Homeowners Associations as well as Residential share block buildings.
Key Benefits
Inspection and replacement of anodes where necessary
The provision of a Geyser Excess Waiver Certificate
Levy cover to protect the body corporate against levy default
Contingent Fidelity Guarantee cover for managing agents
Additional Benefits
Loss of rent, rent escalation and inflation variable cover
Office contents
Money cover
Fidelity Guarantee
Broadform liability including cover for gratuitous advice, wrongful arrest and defamation
Trustees liability or D&O
Principal controlled Contractors liability for any one period of insurance in respect of alterations, additions and maintenance to the property
Employers liability
Machinery breakdown
Power surge
Accidental damage
Theft of landlords’ fixtures and fittings
Direct loss of legally recoverable levies, special levies, charges, interest, taxed legal fees and claims preparation costs in respect of each unit claimed for
Building modifications
Domestic electric motors and gate motors
Security guards
Burst pipes and the costs of locating the water leak including any water loss
Limited Subsidence and Landslip – full cover dependent upon a GeoTechnical report