With power outages and thunderstorms a reality in South Africa, the question begs to be asked - are you protected against a potential power surge? Picture this, you have succumbed to the load shedding schedule and eating dinner by candlelight has actually become quite soothing. When, suddenly, your power clicks on and fries your fridge and television set. Quite the anti-climax. Most think that this is part of your home insurance policy.
But, Paul Goodall, manager of Reinsurance at Lion of Africa Insurance advises that most standard wording of short term insurance policies will exclude power surges (unless otherwise stated). The policy excludes any loss or damage which results from the deliberate withholding of power.
Over the past few years, South Africa has suffered the effects of extreme weather on a more regular basis. Damage from severe storms, floods, and lightning strikes have become regular features on the insurance claims role. There are some important pointers to take heed of to make sure you won’t be left counting the cost when the next big storm strikes, explains Mandy Barrett of insurance brokers, Aon South Africa.
A power surge is an oversupply of voltage from the power company (or lightning). They can last up to 50 microseconds. Although only a short duration, power surges can overload and damage electrical equipment. Storms and lightning strikes can leave significant damages in their wake. So, it’s important to take steps to ensure your household maintenance and lightning protection will see you through these forces of nature.