SASRIA is the only insurer in South Africa that provides cover for loss or damage to insured property as a direct result, of civil commotion, public disorder, strikes, riots and terrorism. SASRIA does not do direct business with the public but is included in most commercial and domestic insurance policies.
SASRIA will be for the following coverages:
On the SASRIA website https://www.sasria.co.za/, they note the following: “SASRIA cover excludes theft. Looting is not a stand-alone SASRIA peril and will only be considered as a valid claim in terms of SASRIA if it occurs during an active SASRIA peril for which SASRIA accepts liability.”
The above statement speaks of looting, and it is important to understand what it means, SASRIA defines Looting as the following: “To steal goods, typically during a riot, strike, or civil commotion. Looting must take place during an event that SASRIA covers. SASRIA does not cover theft.”
There may also be instances where a fire may occur and that may fall under SASRIA. The insurance company will always look at the cause of the accident. If the fire is caused by a gasoline bomb thrown through a window into the building during a riot, SASRIA will be responsible for the compensation of the claim.
In 2021 during the riots and looting all over South-Africa insurance companies paused activating any new business during that time of unrest especially on clients with no current insurance in place. It is therefore important to highlight that insurance cover should be taken before the risk is eminent.
If you would like a quote for yourself or your business, please contact Marizka or Ed in our Short-term department [email protected] tel:(011) 658-1333
SASRIA will be for the following coverages:
- Material Damage: Tangible assets such as, domestic and commercial property, equipment and machinery, containers, aviation hull, Agri-assets (crop, farming implements, livestock, etc)
- Money: Cash and cheques (whilst on your premises or in transit)
- Goods In Transit: Goods whilst in transit, by any form of transportation, anywhere in the Republic of South Africa or temporarily in Namibia for a period not exceeding 60 consecutive days.
- Motor: Cars, light delivery vehicles, heavy commercial vehicles, motor dealers, mobile plants, buses, and trailers.
- Business Interruption: This coverage is for the loss of income sustained due to the necessary suspension of business operations during a period of restoration.
- Construction Risk: Principal contractors and subcontractor’s sites for the duration of the project. Property covered includes temporary works, existing structures, temporary buildings and structures, construction plant and equipment.
On the SASRIA website https://www.sasria.co.za/, they note the following: “SASRIA cover excludes theft. Looting is not a stand-alone SASRIA peril and will only be considered as a valid claim in terms of SASRIA if it occurs during an active SASRIA peril for which SASRIA accepts liability.”
The above statement speaks of looting, and it is important to understand what it means, SASRIA defines Looting as the following: “To steal goods, typically during a riot, strike, or civil commotion. Looting must take place during an event that SASRIA covers. SASRIA does not cover theft.”
There may also be instances where a fire may occur and that may fall under SASRIA. The insurance company will always look at the cause of the accident. If the fire is caused by a gasoline bomb thrown through a window into the building during a riot, SASRIA will be responsible for the compensation of the claim.
In 2021 during the riots and looting all over South-Africa insurance companies paused activating any new business during that time of unrest especially on clients with no current insurance in place. It is therefore important to highlight that insurance cover should be taken before the risk is eminent.
If you would like a quote for yourself or your business, please contact Marizka or Ed in our Short-term department [email protected] tel:(011) 658-1333