Sasria backtracks 🔙its announcement that it will no longer provide insurance 💸 for damage to property 🏢 food 🥦 and even riots ⚠️ due to load shedding. Eskom loadshedding loadsheddingupdates TheCitizenNews Read more⬇️
“Much as this is etched in our history – we need to reflect, plan better and vow never to see such a repeat,” Tyikwe said.On 28 April 2023 Sasria issued Circular 526 announcing that a Sasria policy will not, from 1 June, indemnify all insured policyholders for any loss, damage, cost or expense, directly or indirectly caused by, arising out of, in any way or to any extent contributed to by, or in connection with electricity grid failure.
Sasria executive strategy and underwriting manager Themba Sibiya said the exclusion will also apply to “consequential or indirect losses” in respect of any supply by public utilities that is affected in any way by an electricity blackout. “It also includes any other direct or consequential or indirect losses such as the deterioration of any food or any other items,” Sibiya said.
It further includes claims stemming from any interruption, power surge or suspension when the electricity supply is eventually reconnected or reinstated.On 5 May Sasria executive manager for stakeholder management Muzi Dladla formally retracted the circular and apologised for the confusion “that may have been caused”.
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