When a hailstorm damages your crops, you expect your Agri insurer to pay out according to your policy. But what if your crops are washed away by heavy rain before they can be assessed? This was the dilemma faced by a pecan nut farmer in the Northern Cape, who sued his insurer for over R9.6
Ina Iyer
Double insurance in indemnity insurance contracts: some practical considerations
By Ina Iyer on
What is double insurance?
For there to be double insurance, the following requirements must be met at the time the risk insured against materialises:
Don’t forget the recovery
By Ina Iyer on
Insurance claims handlers are tasked with navigating the intricate web of policy coverage, assessing damages, and ensuring prompt resolution for policyholders. Amidst the flurry of processing claims, it’s essential not to overlook a critical aspect of the role: the recovery process.
While the primary focus is often on addressing the immediate needs of policyholders, overlooking…