We’ve got your levies covered
STILUS is a specialist in the assessment of legally recoverable levies on behalf of Insurance
Companies which insures Body Corporate schemes, and Homeowners Associations.
Our vision is to become the leading specialist in the assessment of legally recoverable levies in South Africa
No Project Too Big Or Too Small
- Automatic inclusion of levy insurance provided by ONE Insurance Underwriting Managers (Pty) Ltd (ONE) underwritten by Mutual and Federal Risk Financing Limited that protects the body corporate against defaulting levy payments.
- No more having to incur legal fees or waiting for judgments as the levies are settled upfront.
- This Levy Cover also includes cover for electricity and water charges, as well as special levies.
Million rand Paid in Claims
WE’VE BEEN HELPING home owners associations and body corporate schemes for more than 9 years.
The levy cover product which was created by STILUS in 2010, is unique to the ONE Sectional Title Products underwritten by Mutual and Federal Risk Financing Ltd and provides, in essence, a guaranteed cash flow for body corporate schemes and Homeowners associations. The Complexes most important asset is its levies. Complexes with guaranteed cash flows are enabled to pay their creditors promptly and most importantly have funds available to maintain their properties in a pristine condition. As a consequence, there should be fewer and smaller claims against the material damage Policy of Insurers. There is no doubt that attractive and well managed complexes will invariably have a higher market value than run-down dilapidated properties.
Give us a call:
+27 (21) 948 3585
1st Floor, ONE on Estuaries
No 1 Oxbow Crescent, The Estuaries Way, Century City 7441