Insurance
Are you sufficiently insured to deal with load-shedding?
Power surges can cost you dearly — from replacing spoiled food to the fall-out from burglaries
Are you covered sufficiently for damage and loss that could occur because of load-shedding? While Eskom announced that planned power cuts are unlikely until January 13 because of lower electricity demand, South Africans are urged to check their insurance policies. Both insurance brokers Aon and insurer Santam have warned consumers against possible insufficient cover for household equipment and goods damaged, and, worse still, for being burgled because your security systems have been compromised because of load-shedding. Power surges when electricity is restored can damage electrical equipment. Prolonged or regular outages can also damage the battery back-ups running your home security and electric gates, among other things. “The reality is, load-shedding has an immense impact both on consumers and businesses, who must cope with the damage to appliances brought on by power surges, or risk loss through theft and burglary as a result of faulty security measures,” says Marius Neethling,...
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