The responsibilities of trustees and executives impacting community and collective property schemes, including golf estates, have become more onerous, due to specific legislative requirements in the Community Schemes Ombud Service (CSOS) Act. This, says Karl Bishop, head of Santam Specialist Real Estate, has a significant impact on the property insurance solutions provided to consumers, and calls for highly specialist insurers with thorough knowledge and understanding of all the risks involved in this burgeoning industry to ensure policyholders are protected. (more…)
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