General Property

  • Report the incident to the Police and Chadwicks immediately
  • Complete the Property Loss Claim Form (the document is available under "Claim Forms") 
  • Obtain two quotations in terms of the property the subject of the loss
  • Your insurers may appoint an assessor to adjust the loss on behalf of your insurer
  • Take all reasonable steps to avoid further loss or damage
  • In most cases your insurers will require you to sign an Agreement of Loss before they indemnify you in terms of an admitted claim
  • The Agreement of Loss absolves your insurers from any further liability in that your signature confirms that you have accepted performance in terms of the loss suffered, insured by the policy contract
  • Any outstanding Hire Purchase/Lease Agreement obligations and Excess payments are deducted from the indemnity figure offered by your insurers 
 
 

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Newsroom

Strict Product Liability on the cards

2009-06-24

The new Consumer Protection Bill, which has now been enacted, will have far reaching consequences for South African business in that Section 68 imposes Strict Liability on producers, distributors or suppliers to supply or manufacture goods free of defect...  


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Late Claim Notification may mean "No Claim"

2009-03-30

The rule of thumb to avoid falling victim to a claim denied on the basis of Late Notification is to notify your insurer and /or broker of any event that may give rise to a claim, no matter how small or trivial the event may seem. Rather let your insurers take whatever action they deem fit – this is after all why you pay them insurance premiums

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