It is a sad reality that the majority of property owners are under insured.
The reaction from the property owners is, why should a property be insured for more than it can be sold for in the market.
Market Value is the actual cost to replace the structure.
Please bare in mind that a property needs to be insured for the cost to replace should a disaster strike.
The sum insured should include expenses for the demolition and rubble removal, architects, engineers, land surveyors, municipal fees, electrical installations, VAT just to name a few.
Remember that this is your life investment and it is of vital importance that it be insured at the correct replacement value.
If you need further information on any of the points mentioned above, please feel free to contact us at our offices on 011 023 7265.
The VKNFS Team
Insuring Trust
