How to - Insurance after looting

If you have car and household contents insurance cover, then a tiny part of your monthly premium is paid every month by your insurer to Sasria, a government-owned insurer providing cover against risks such as civil commotion, public disorder, strikes, riots and terrorism. The good news is while Sasria’s (the South African Special Risks Insurance Association) policy wording states that looting in itself is not considered to be a Sasria event, Sasria accepts that it falls under civil commotion so all related losses are covered. More good news is that Sasria MD Cedric Masondo says they have enough capital to cover what he currently estimates to be claims of between R3.5billion to R7billion. About 85% of all commercial properties and government buildings in South Africa have Sasria cover, along with all privately mortgaged properties, and all insured cars. The two thirds of cars on our roads which aren’t insured, don’t have this civil commotion cover. But there’s something you need to check about your household contents cover. Take a listen… ECR Consumerwatch

You can listen to How to - Insurance after looting online on Radio and Podcast. Open the player on this page to stream the available audio.

How to - Insurance after looting is an episode from ECR Consumerwatch by East Coast Radio.

This episode is 8:49 long.

This episode was published on Jul 15, 2021.

Yes. Use the heart button on the episode page to add it to your favorite episodes list.

Yes. This page shows related episodes from ECR Consumerwatch when more episodes are available from the podcast feed.