HIGHLIGHTS OF THE LEVY COVER
We’ve got your levies covered
Payments made to Body Corporates schemes and Homeowners Associations in settlement of claims are outright payments.
These payments are not loans.
Levy cover is automatically included in the ONE Sectional Title material damage products.
This cover protects Body Corporates and Homeowners Associations against owners who have defaulted on their levy obligations.
It is important to note that the payment of Levy Claims will not have a negative impact on the claims history in respect of the Material Damage Policy.
This cover includes special levies, electricity and utility charges and interest.
The Insurer will pay up to 10% of the insured value of the unit.
Claims are easy and simple to make.
Assisting Homeowners Associations and Body Corporate Schemes for more than 9 years
LEVY COVER CAN EASILY BE EXPLAINED AS A “MEDICAL AID” FOR HOME OWNERS ASSOCIATIONS AND BODY CORPORATE SCHEMES