No, it was the not the bank’s insurance division’s responsibility to have the roof inspected before covering the property.
To avoid this costly scenario, prospective homeowners should not commit to buy a property without first paying a professional property assessment company to do a full technical assessment of the condition of the property.It used to be the case that if a “company” advertising goods or services provided a Capitec account for payment, that was a red flag for fraud because the bank did not have business accounts.
“The way to differentiate between a personal savings account and a business bank account when making a payment is the branch codes,” Capitec told me. “The Capitec savings account branch code is 470010 and the Capitec business branch code is 450105.