Owning property is probably one of the bigger investments a business or individual will make. The protection of this investment is of paramount importance and therefore needs cover which specifically caters to the unique and varied types of risks found in this sector. STC is your complete Property Owners and Landlord Insurance solution, providing cover for Sectional Title property (residential and commercial), Commercial Buildings, Share Block Investors and Home Owners Associations and all their unique risk requirements.

In addition to the standard buildings and associated covers, this product is packaged with inclusive covers tailored to mitigate those unique risks associated with this particular class of business. Providing substantial benefit to the client with peace of mind and a simplified quote process for the broker.

Benefits and features

  • Packaged all inclusive product
  • R3000 excess buy back option
  • Geyser cover optional, however does include limited maintenance cover if selected
  • Geyser maintenance is excess free
  • 24 hours claims support in the event of a claim crisis

  • Packaged all inclusive product
  • R3000 excess buy back option
  • Geysers are automatically included in the cover provided
  • Geyser maintenance is excess free
  • 24 hours claims support in the event of a claim crisis
  • Office contents (Electronic Equipment limited to R20000)  - R130000
  • Money – Major Llimit - R30 000
  • Money – Personal Accident - R12 000
  • Fidelity Guarantee (Trustees Only) - R80 000
  • Fidelity Guarantee for EAAB Registered Managing Agents - R20 000
  • Fidelity Guarantee for EAAB & NAMA Registered Managing Agents - R40 000
  • Business All Risk (Maintenance Related Equipment of the Body Corporate Only) - R10 000
  • Accidental Damage - R250 000
  • Accidental Damage to Articles of Brittle Nature - R30 000
  • Theft Without Visible Forcible Entry to Landlord Fixtures and Fittings - R15 000
  • Power Surge Cover - R10 000
  • Public Liability - R30 million
  • Trustee’s Indemnity - R5 million
  • Employer's Liability - R10 million
  • Machinery Breakdown - R50 000
  • Claims Preparation Cost - R50 000
  • Commercial Glass - R15 000
  • Security Services (limited to R400 per shift to a maximum of R10 000 per event) - R10 000
  • Locks & Keys - R5 000
  • Landscaped Garden - R5 000
  • Loss of Rent - 30%
  • Escalation - 12%
  • Inflation - 12%
  • Fire Only - Nil
  • All Other Claims - R5 00
  • Shade Cloth & Aluminium Awnings - R1 000
  • Resultant Water Damage (Geyser related) - R1 000
  • Resultant Water Damage (STD Peril Related Events not specified) - R1 500
  • Resultant Water Damage (As a direct result of Lack of Maintenance to the roof) - R3 000
  • Accidental Damage -R2 000
  • Public Liability - R2000
  • Trustees Indemnity - R3 000
  • Wooden/Laminated Flooring - R3 000
  • Malicious Damage - R1 500
  • Impact Damage (by road vehicles with Full T/P Details - R500
  • Impact Damage (by road vehicles without Full T/P Details - R2 000
  • Lightning Damage to the structure of the Insured Building - R1 000
  • Lightning Damage to All Electronic Equipment - - R3 000
  • Burst Pipes (Common Property) - R2 000
  • Burst Pipes (Inside of Units) - R1 000
  • Damage to Glass (Sliding Doors) - R1 500
  • Damage to Glass (Window Panes) - R500
  • Power Surge - R2 000
  • Theft without Visible Forcible Entry - R2 000
  • Geyser with Excess Option 2 - R2 000

All items below R5 million

  • Full subsidence and Landslip cover
  • Directors Indemnity
  • Electronic equipment
  • Motor
  • 100L Maximum Payable - R 6 000
  • 150L Maximum Payable - R 6 300
  • 200L Maximum Payable - R 8 500
  • 250L Maximum Payable - R10 800
  • Geyser Maintenance Cover limited to R 1 400 (No Excess)

IMPORTANT
All Geyser claims to be reported to 24FIX and Western
All other claims to be reported directly to your local Western Claims department