DStv Channel 403 Sunday, 09 February 2025

SASRIA will not pay claims related to grid failure

JOHANNESBURG - The state-owned insurer, Sasria, says it will not cover unrest-claims that may arise if the electricity grid fails.

Sasria provides cover for strikes, riots and other forms of civil unrest to state and private property owners.

In a circular to clients the insurer said that its re-insurers have been urging it to eliminate claims related to load shedding and power grid failure.

The insurer says from the first of June all its existing and new policies will exclude cover for electricity grid failure.

Sasria paid R32 billion in claims following 20-21 July riots.

The government had to inject R22 billion into the insurer for these claims.

You May Also Like