On the back of unprecedented levels of load-shedding, many insurance companies are implementing a general electricity grid failure exclusion to their policiesIf South Africa suffers a grid failure — a total or partial breakdown of the national electricity system —
households and businesses are unlikely to have insurance cover for damages and loss...You’ve always trusted us to help you navigate the world. Support the Sunday Times by becoming a premium member for only R80 and keep the conversation going. You can cancel anytime.
Do you see what you are causing, Eskom & ANC? More loss to the citizens but fuck all to you..
Reason number 824 to join the shutdown on Monday
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Big solar panel problem — and how South African insurance companies handle itStolen or damaged solar panels must be replaced with similar technology models, or customers may have to replace the entire system. MyBroadband asked insurance companies to explain how they deal with such circumstances. “Legally, insurers may not put clients in a better position…” is not part of SA insurance law and is not sound advice. The principle of betterment exists, but reasonableness still apply. Good luck KingPrice - customers will disappear as fast as electricity during loadshedding! Great article! Now I know never to consider KingPriceIns . And those who are with them, move as soon as you can
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What would happen if SA's electricity grid collapsed | BusinessGovernment has given assurances that the grid won’t be allowed to collapse. Yet increasing numbers of businesses are preparing for that very eventuality. This is how it will unfold. | News24_Business _Business If the market isn't opened to private energy producers it will collapse, and everyone knows it.
Source: News24 - 🏆 4. / 80 Read more »