Body Corporate

Body corporate clients need to ensure that unit owners' best interests are met, that the best possible cover is in place and that claims can be handled quickly and efficiently.

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What you need to know

Our FNB Insurance Brokers Takaful product offering is designed for sectional title residential property governed by the Sectional Title Act No 95 of 1986, which includes owners of sectional title units, trustees of sectional title units, managing agents of sectional title complexes and body corporates, home owners' associations, property developers and development schemes.

What you get

Body corporates do not all require the same types of cover, so to accommodate this, we provide a range of options to create cover that is customised to specific needs.

Buildings and Common Property

Cover against physical loss or damage to buildings and common property, and contents of the Body Corporate, including architectural features and structures, burst and leaking geysers and swimming pools.

Legal Liability

Cover for claims for compensation or expenses that the body corporate becomes legally liable for in respect of personal injury or property damage that occurs in connection with the ownership of the property.

Trustees Indemnity

Cover for trustees against claims arising out of any actual or alleged wrongful act(s) occurring in managing the affairs of the body corporate.

Fidelity Guarantee

Automatic cover of R50 000 provided with buy up options available to increase this cover in accordance with the requirements of Sectional Titles Schemes Management Act, 2011 (Act No. 8 of 2011), which came into effect on 7 October 2016.

Public Supply Connections

Cover for accidental damage to sewerage systems, electricity, water, gas and telecommunication connections on the sectional title property.

Loss of Rent

Loss of rent receivable from property resulting from damage to property rendered uninhabitable, including renter's alternative accommodation, prevention of access and failure of supply of services by public utility.

How to get it

Get in touch with one of our Takaful consultants for a tailored body corporate solution.

For more information, call 087 577 4777, 0860 328 328 or email takaful@fnb.co.za

Terms and conditions apply.