Jul 15, 2026
TL;DR: Indemnity value is the cost to restore a property to its pre-loss condition, excluding land value. It differs from market and replacement cost, impacting insurance payouts and premium calculations. Properly assessing indemnity value prevents underinsurance and...
Jul 14, 2026
TL;DR: Landlord insurance covers risks like property damage, rental income loss, and liability claims for residential rentals. The correct coverage is based on the property’s estimated new replacement cost and specific risks, not market value. Landlord insurance is...
Jul 13, 2026
TL;DR: Emergency repairs cover provides urgent financial support for sudden property issues threatening safety or habitability. South African law requires landlords to respond promptly to such emergencies and maintain essential property systems throughout the lease....
Jul 12, 2026
TL;DR: Bailiff cover is insurance that reimburses landlords for sheriff enforcement fees during eviction proceedings. It helps protect rental income from unexpected enforcement costs, which can reach several thousand rand. Landlords should obtain bailiff cover before...
Jul 11, 2026
TL;DR: Occupancy risk is the financial exposure landlords face from vacant properties or tenant default. It involves ongoing costs, potential long-term asset value decline, and requires continuous monitoring and strategic management. Rental income insurance offers...
Jul 10, 2026
TL;DR: Gross rental income is the total rent collected before expenses are deducted. Net rental income is what remains after allowable costs like bond interest, rates, and maintenance are subtracted. Gross rental income is the total rent you collect before any...
