“It will help, but it’s not enough.”
Santam and its competitors, including Hollard, Guardrisk and Old Mutual, have consistently maintained it was never the intention of the extension to provide cover for a pandemic affecting the whole of South Africa, but rather cover for a business that is shut down directly as a result of a contagious disease.
If the claims are ultimately successful, the “relief” will be deducted from the settlement. If not, Santam won’t ask for the money back.“We do this with joy in our heart,” said Lambrechts. The high court in Cape Town recently disagreed with Guardrisk’s interpretation of its “infectious diseases extension” on its business- interruption policy, on which it relied when rejecting a claim filed by Cape Town restaurant Cafe Chameleon.
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