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Santam is the leading general insurer in South Africa, with a market share of more than 22%. We provide a diverse range of general insurance products and services in southern Africa and internationally through a network of intermediaries and direct channels. We serve more than 1 million policyholders who range from individuals to commercial and specialist business owners and institutions.
Santam’s commitment to its policyholders and clients is captured in the brand’s promise, ‘Insurance good and proper’, which emphasises responsible and ethical insurance.
Santam Specialist Real Estate
We believe that real estate insurance solutions should be appropriately designed, simple to access, simple to understand and provide sustainable protection to our policyholders.
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We offer innovative products and services to meet the needs of the collective property schemes industry (sectional title, homeowners associations, retirement villages), which cater for the residential and commercial real estate markets. We also offer specialised insurance solutions for the broader real estate industry, including property developers.
Our team has in-depth expertise, experience and understanding of the sectional title industry.
We offer technical assistance to ensure that the sectional title scheme runs smoothly, is financially sound, and complies with the relevant regulations and legislations. We understand the importance of working in partnership with our intermediaries to provide the best possible insurance solutions for residential and commercial collective property schemes to manage the risk associated with the real estate industry.
Real Estate Scheme Development Insurance
Our Real Estate Scheme Development Insurance product is designed to provide seamless cover for the insured from construction through to unit/owner occupation of the registered scheme.
Benefits:
- single policy with a single point of contact
- eliminates any gaps in cover between the contract works insurance and handover of completed structures prior to occupation
- packaged solution with three main areas of cover
- construction: contract works, buildings, machinery breakdown
- liability: public, employers, defamation, statutory legal defence costs, wrongful arrest
- occupation: residential or commercial.
The cover is combined in a packaged solution through four policy sections, namely:
- construction
- liability
- scheme occupation – by unit owners or tenants upon establishment of the controlling body of the registered scheme
- general exceptions, conditions, provisions and special meaning of words, and gives a range of unique benefits specifically designed for the real estate scheme developer.
Santam is an authorised financial service provider (licence number 3416)
Am in need of this Santam Real Estate Scheme Development Insurance and Equity Guarantee for Property Developers