It is a well-documented fact that one of the sectional title industry’s greatest concerns has been the failure of members to pay monthly levies on time every month. The results of an insufficient cash flow means that proper maintenance will be neglected; and creditors not being paid.
One|Sure underwritten by Mutual & Federal Risk Financing recognised this acute cash flow problem and created a product for the insurance industry to in insure their body corporate clients against this dilemma. This unique approach to utilize an insurance product rather than financial instruments, has greatly assisted body corporate schemes in alleviating their liquidity problem.
The schemes greatest asset is their cash flow. In terms of the latest CSOS regulations, body corporates must transfer cash into a separate bank account for reserves every month. The levy guarantee policy has been designed to guarantee payment of defaulting members levies and thereby ensure cash flow.
For a quote please forward the following information to firstname.lastname@example.org
My name & surname is:
Daytime phone number:
Name of scheme:
Number of units:
Address of scheme:
Postal code of scheme:
Building insured value:
If sectional title, SS number:
LSG Insurance Services (Pty) Ltd is an Authorised Financial Service Provider – Licence No.10598