The South African Insurance Association has warned clients in areas where illegal boom gates have been removed that it could affect any discounted premium rates they may have received.
The South African Insurance Association (SAIA) has warned clients in areas where illegal boom gates have been removed that it could affect any discounted premium rates they may have received.
“With many illegal booms being removed from various roads in Johannesburg in the last week, the South African Insurance Association advises residents to contact their insurance broker or company immediately to determine whether this will affect their insurance policy,” said a statement from the association.
“Where policyholders in boomed-off areas had previously received discounted premium rates, insurance companies will now have to re-evaluate the risk of an area, which no longer has a guarded barrier.
“Other security factors, such as armed response patrols, alarm systems and burglar bars will also assist in determining any premium adjustments. It is important for the insured clients to note that the onus is on them to disclose any amendments, which would affect the risks.
“Individuals who live in areas where booms have been removed run the risk of having a claim repudiated, should they not advise their insurer of the change in their household security circumstances.
The Johannesburg Roads Agency began dismantling illegal boom gates in Gauteng on Friday. The deadline for boom gate applications ended last Thursday and there are more than 1 100 boom gates in Johannesburg.
The Roads Agency’s operations manager, Liam Clarke, said it would continue to remove more illegal gates this week, while processing applications to see if they met the city council’s criteria.
Original article from Car