Short Term Insurance

Devastating landslide in KZN!!!

Does your policy cover this?

While insurance policies often include subsidence and landslip cover, it is usually very limited. For this reason it is imperative that the property owner asks himself 3 important questions up front.

1.What exactly is subsidence and landslip?
2.Is it necessary for my property to be covered against subsidence and landslip?
3.Does my insurance policy provide full or limited subsidence and landslip cover?

Subsidence and landslip are generally defined as:

Subsidence: “Movement in a vertical direction; sinking”. “Subsidence is strictly a vertical downward movement”.

Landslip: “A rapid downward movement under the influence of gravity of a mass of rock or earth on a slope” or “The sliding down of a mass of land”.

Should you require full cover additional documentation will be required and you will need to ask for this cover at additional premium.

[Media Release]

"It has been brought to the attention of the that there are inaccurate reports, particularly on social media platforms, which indicate that getting the Covid-19 vaccine will render life insurance policies “null-and-void” because the vaccines are regarded as “experimental medicine”.

It is the view of the FSCA that such statements have no merit or basis. Additionally, the FSCA believes these unfounded statements are causing fear, anxiety, and uncertainty among the public. It is the expectation of the FSCA that taking a Covid-19 vaccine will not lead to cancellation of a policy or the repudiation of a claim. Should there be any further concerns or questions related to such statements, it is recommended that policyholders contact their respective life insurers and/or financial advisors/brokers..."

Read the full FSCA statement about the effect of Covid-19 vaccines on life insurance policies: https://www.fsca.co.za/News%20Documents/FSCA%20Press%20Release%20%20Covid-19%20vaccines%20and%20life%20insurance%20policies%2015%20June%202021.pdf?csf=1&e=JWgBdl