Imagine this: your vehicle is damaged while being towed in Namibia, or a body corporate trustee travels to Mozambique for a business meeting, but takes along the BC laptop for the AGM prep and it gets stolen — only to discover later that their insurance claim has been declined because it happened outside  the policy’s territorial limits. It’s a frustrating (and costly) surprise that many policyholders could easily avoid, if they understood one small but important clause: Terr

When trustees talk about levies, voting rights, and maintenance costs, there's one document that determines it all: the Participation Quota Schedule (PQS). Yet most owners barely glance at it, and many don't understand what it actually does. Here's the reality: your participation quota isn't just a number on a spreadsheet. It's the backbone of your body corporate's financial structure, and nowhere is this more critical than when it comes to insurance. What Exactly is a Partic

In today's uncertain world, financial protection has become a priority for South African families. Short term insurance is one of the most effective ways to safeguard your family against unexpected risks such as accidents, property loss, or legal disputes. Unlike long term insurance which often covers events tied to life and retirement, short term insurance provides flexible protection for specific needs and a limited period. As families in South Africa prepare for 2026 and b

An analysis by TransUnion South Africa indicates significant growth potential in the short-term insurance market by revealing that a substantial one-third of new policies come from customers who haven't had insurance in the past two years. The study also challenges the notion that brand loyalty is dead, showing that 13% of customers who cancel their policies will eventually return to their original insurer. Every industry operates on accepted wisdom, and the short-term insura

When you drive off the dealership floor in your new car, it’s one of the best feelings, but did you know that the moment your wheels hit the road, your car starts losing value? If something unexpected happens, like an accident or theft your insurer will pay out the current value  of your car, not the amount you originally paid for it. That’s where credit shortfall insurance , also known as gap cover , becomes a financial lifesaver. What Exactly Is Credit Shortfall Insurance?

Whether you're buying your first home, investing in a rental property, or running a business from commercial premises, you'll encounter the terms “buildings cover”  and “buildings combined.” With South Africa’s growing trend toward sectional title living, security estates, and mixed-use developments , understanding exactly what this insurance covers and what it doesn’t has never been more important. What’s the Difference? Here’s the truth that might surprise you: there isn’t

At 2:47 AM, hackers compromised the smart building management system of a Umhlanga complex. By 3:15 AM, they'd disabled the electric fence, unlocked the basement access gates, and disarmed the alarm system. By 4:00 AM, five units had been burgled. Total loss: R890,000. The body corporate's insurance claim was declined. The reason? "Cyber event causing physical loss." The building insurance policy covered burglary, but not burglary facilitated by hacking. The cyber insurance p

Your body corporate's insurance premium increased 18% this year. Your trustees negotiated hard, shopped around, and were told this was "competitive." Three months later, storm damage wreaked havoc on your building. The claim was declined. The reason? "Gradual water ingress" an exclusion buried on page 47 of your policy document. Welcome to the cover gap crisis facing South African sectional title schemes in 2025. The Perfect Storm South Africa's climate is changing faster tha

In an unpredictable world, safeguarding your assets and financial well-being is paramount. For homeowners and those living in community schemes, personal liability cover isn't just an option – it's a necessity. This article will walk you through the essentials of personal liability insurance, helping you understand its importance, what it covers, and how it protects you from potential risks. What is Personal Liability Cover? Personal liability cover is a crucial component of

In a country as vibrant and diverse as South Africa, our homes are more than just four walls and a roof. They're where we gather for Sunday braais, where our children take their first steps, and where we find sanctuary after navigating the hustle of city traffic or the stunning coastal roads. Protecting these precious spaces and the lives we've built within them isn't just smart financial planning, it's about securing peace of mind for you and your family. Let's talk Personal

Homeowners should think twice before simply renting out their properties in estates or community schemes using platforms like Airbnb, and...

What if your body corporate’s Schedule of Replacement Values (SRV) , the document used to ensure the property is adequately insured and...

Insurance claims in sectional title environments remain a persistent source of confusion and possibly even tension. By grasping the...

The insurance landscape has evolved rapidly, shaped by technological innovation, shifting consumer expectations, and an increasingly...

Property owners in shared-ownership or sectional title developments frequently make improvements to enhance comfort and market value....

MONO.insure Redefines Community Scheme Insurance with Smarter, Value-Driven Solutions

Insurance in sectional title schemes has always been complex. Balancing legislation, trustee duties, compliance with CSOS regulations, and ensuring adequate cover. AI introduces new tools to make this easier and hopefully more effective:

South Africa’s sectional title sector is showing strong resilience and growth — and that’s welcome news for trustees, owners, and...

The reality of public liability in sectional title schemes

Trustees are legally required to reassess their scheme’s insurance every year — but many overlook crucial updates after renovations, market shifts, or inflation. Our latest article unpacks the STSMA requirements, explains how to calculate correct replacement values, and shares expert advice from MONO.insure Brokers to keep your scheme compliant and protected.