The victims of looting and civil unrest in parts of South Africa will be looking to Sasria (the SA Special Risks Insurance Association) – the state-owned entity that provides cover for loss or damage to insured property as a direct result of civil unrest, including rioting, strike action and public disorder – for payouts.
Saria is the only insurer in South Africa to provide this service. It does not conduct business with the public, but is included in most commercial and consumer insurance policies.
Sasria cover is bought through insurance companies which administer the cover. When a loss is the result of some form of civil unrest, insurance companies act as intermediaries and hand over the claim to Sasria.
But some people are questioning the state-owned entity’s ability to settle the claims.
Businesses and homeowners who have Sasria cover will have their legitimate claims met, and in the case of smaller claims, they will be paid out within a week. This is according to a report by The Sowetan.
Asked if Sasria will pay out claims from businesses and consumers relating to looting at this time, MD Cedric Masondo told TimesLIVE that while criminality may be at play in many cases, “the trigger was what we call civil commotion” — so the claims will be honoured.
“Our clients won’t have to go to great lengths to prove that there was a link between their loss and a civil commotion,” Masondo said.