Will insurers cover theft as a result of load shedding?

[rpm]

Will insurers cover theft as a result of load shedding?

Insurance Ombud will judge based on equity.

 

[mister]

Does anybody know approx how much surge protection at the DB will cost?

 

[biena]

having recently paid a R750 000 claim for damage to audio visual equipment as a result of a load shedding-induced power surge.

We’ve had a R250 000 claim where a client’s home theatre system was fried to nothing,

You have R750/250k worth of equipment but no surge protection ? I smell a rotten fish.

theft as a result of load shedding were not risks that insurance companies had priced for

Even with my alarm not set they have to pay out, I specifically excluded the alarm system (cost R20 more in premium a month)

 

[Gaz{M}]

My advice to everyone is get the latest policy documents for your insurance and read it carefully now so you know what to expect if you try and claim. Perhaps you can enhance your insurance now to be safe.

 

[The_Unbeliever]

Which make of surge-protectors is recommended for fridges and freezers?

 

[crackersa]

Which make of surge-protectors is recommended for fridges and freezers?

how do i monitor this thread to see if you get an answer? i'm curious as well

 

[MickeyD]

how do i monitor this thread to see if you get an answer? i'm curious as well

Subscribe to it.

 

[crackersa]

Subscribe to it.

thanks Mickey!

 

[deweyzeph]

Even with my alarm not set they have to pay out, I specifically excluded the alarm system (cost R20 more in premium a month)

+1. I also have a fully functioning alarm system at home but chose to specify that I did not have an alarm system for my contents insurance. The price difference in the premium is negligible.

 

[reactor_sa]

DB board surge protection is expensive, I think like 15k last I looked. Considering at the time dialdirect would cover surge and lightening damage so why should I fork out 15k myself?? Must check with aforbes tomorrow what cover is.

 

[P924]

DB board surge protection is expensive, I think like 15k last I looked. Considering at the time dialdirect would cover surge and lightening damage so why should I fork out 15k myself?? Must check with aforbes tomorrow what cover is.

Nope. The device is about R1500 from ACDC, according to them class1+2, installation depends on the electrician.

 

[reactor_sa]

Nope. The device is about R1500 from ACDC, according to them class1+2, installation depends on the electrician.

Purely surge protection?
Lightening, surge, everything was like 15k. Can't remember what the classes mean.

 

[P924]

Purely surge protection?
Lightening, surge, everything was like 15k. Can't remember what the classes mean.

Lightning is also a surge... You wont get much better than the module I refer to and still have it fit in a DB box... So I'm pretty sure somebody was trying to rip you off.

Lightning Current Arresters
FLP-275 V
FLP-275 VS
SPD type 1 and type 2
Replaceable varistor module, visual fault signaling Varistor lightning current arrester to be installed in low-voltage distributions at the boundary of LPZ 0B–LPZ 1 zones and higher to prevent overvoltage effects induced during a lightning strike and to prevent switching overvoltage. Optional remote status signalling (S).

 

[system32]

Even with my alarm not set they have to pay out, I specifically excluded the alarm system (cost R20 more in premium a month)

+1. I also have a fully functioning alarm system at home but chose to specify that I did not have an alarm system for my contents insurance. The price difference in the premium is negligible.

+1
Exclude the alarm from the policy.
Having an alarm places significant responsibility on the home owner

• The alarm must be tested and checked monthly
• The alarm must be armed when you out (even for a few minutes to get pizza)

The cost of exclusion is (was) not significant - costs more in disputed claims.

The alarm is for my safety and is an independent security device - nothing to do with insurance.

 

[kianm]

Well I always ask myself why do insurance companies panic when it comes to paying out. Haven't they been taking premiums for years and years. It was the hailstorm issues that got them panicking the other year now its power surges. Just pay out, just like how the clients pay their premiums every month. Why do we have insurance then if their conditions change all the time depending on what they want.
Sometimes I see the insurance business as a scam

 

[P924]

Sometimes I see the insurance business as a scam

Off course it is a scam, did you see the palace Douw Steyn is building?

 

[kianm]

Off course it is a scam, did you see the palace Douw Steyn is building?

 

[JayM]

+1. I also have a fully functioning alarm system at home but chose to specify that I did not have an alarm system for my contents insurance. The price difference in the premium is negligible.

I bet you they'll try refute a claim on the basis of false information supplied to them. And theoretically they may actually have a case...

 

[deweyzeph]

I bet you they'll try refute a claim on the basis of false information supplied to them. And theoretically they may actually have a case...

They can only refute a claim if the information you provide to them would result in you paying a lower premium than you would have otherwise.

 

[westom]

Purely surge protection?
Lightening, surge, everything was like 15k. Can't remember what the classes mean.

Classes define a minimum for human safety. Grossly undersized protectors can create house fires.

No protector does protection. Best protection is a hardwire connected low impedance (ie 'less than 3 meters) from each incoming utility cable wire to earth. Some utility cable wires cannot connect directly. So we do a next best thing. Make that same connection with a protector. A protector only does what a hardwire would do better.

Other protectors that do not and could not possibly have an earth ground (ie class 3) do not claim to protect from typically destructive surges. So yes, to have protection from typically destructive surges requires a class one type ... connected low impedance (ie a wire with no sharp bends) to single point earth ground.

Lightning is typically 20,000 amps. So a minimally sized 'whole house' protector is 50,000 amps. Because any suffient protector must earth direct lightning strikes. And remain functional.

What should have everyone's attention is price. Protectors that do not claim such protection are most expensive. One 'whole house' protector costs tens or even 100 times less money per protected appliance.

Spend little time discussing protectors. Spend most time on what actually absorbs hundreds of thousands of joules. Those plug-in protectors, that only absorb hundreds of joules, do what? Most critical is quality of and connection to single point earth ground ... where hundreds of thousands of joules must be absorbed so that nobody even knew a surge existed.