Sasria, the only insurer in SA that provides cover against civil commotion, public disorder, strikes, riots and terrorism, now says it is too early to quantify the damages claims that will stem from the wave of unrest sweeping across parts of the country.
The state-owned insurer provides non-mandatory cover for damages caused by civil unrest or public violence up to a maximum amount of R500m per standard policy. Holders of private insurance policies can select the level of Sasria-risk cover they require on an optional basis by adding an additional levy onto their insurance premiums, with the additional amount varying according to the level of cover they require...
As expected!🙄
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Sasria says it is sufficiently capitalised to settle unrest claimsThe state-owned insurer says it has three times the capital required by regulators to meet unrest-related claims but will not disclose the rand value Good story to hear, Sasria! 🤝✊
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Busa warns Sasria might not have the resources to pay claimsFactories, warehouses, distribution centres and shopping malls were vandalised, looted and set alight by criminals over five days, leaving a trail of destruction running into billions of rand. busrep unrest SouthAfricaBurning busrep Black owned small businesses will be the hardest hit as the insurance companies will repudiate their claims while keeping their white counterparts companies afloat. Nasi🤞 busrep I was referred to this platform by a friend online and I thought it was a scam...but I was moved to try and yes I did earned....I just want to use the opportunity to share this to people to know how Miss shantelll_142 platform works...her good deed need a recommendation busrep I invested R5000 with shantelll_142 by using my LUNO app and I make over R40,000 with just few steps, shantelll_142 is an account manager who can help you trade better I recommend you to her now and start earning massively today 💹
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Sasria now says it is too soon to quantify unrest damages claimsState-owned insurer says the quantum of unrest-related damages claims will only become apparent in about two months’ time RediTlhabi They need to investigate every logded claim thoroughly, not all damages were done by the looters
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