"While Insurers do cover floods as so-called 'acts of God', most policyholders do not distinguish between 'property maintenance' and 'weather-related' claims", said Van Staden. "What we often find in these circumstances is that people don’t have their homes in good repair. Therefore, the damage (sustained) is not because of the storm but due to poor maintenance," she said.While it is likely most policyholders will receive payment without a hitch, many may be rejected as the policies do not cover flood or weather-related damage. In cases where policyholders took out cover focused predominantly on the lowest premium possible, they may discover they are only covered for 'the basics'.
"SA’s insurance industry was well capitalised and this catastrophe was well within its ability to manage", Van Staden said. "What was of more concern was that only about 30% of cars in SA were insured. This means most drivers affected by the floods were not covered", she said. "Given how (financially) stressed consumers are, this will have a severe impact on their financial situation." CLICK BELOW to to compare car insurance quotes and stand to save up to 30% on your current premium, or find the most suitable deal for you!The floods caused much devastation with six reported dead, countless injured, and many people losing their homes entirely. The JDMC team focused on houses and informal settlements that were affected by the floods. This included Alexandra township and areas along the Jukskei river. All flights at Oliver Tambo International Airport were either diverted or cancelled as a result of the floods.