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Fight fires with the right insurance protection
It is widely understood that, effective wildfire management is impeded by a lack of integration between research results, technological development and efforts by fire managers to, protect the environment and humans against wildfires.
The costs, in terms of both money and time, of implementing wildfire-threat-reduction practices are considered by some to outweigh the benefits of reduced fire threat.
In some cases it is a question of priorities. We have to create an awareness of the importance of creating a more fire –safe environment.
A lack of knowledge about ways to carry out wildfire-threat-reduction practices prevents some property owners from creating defensible space. Some homeowners are uncertain about which wildfire-threat-reduction practices are most worthwhile and how to implement them.
We cover the following:
Santam understands this risk which is why we have included fire extinguishing charges as part of our Agri policy offering.
Currently, we have an extension under the fire section which gives cover for fire extinguishing charges when the insured’s own property is threatened by fire. But what if the insured property is not under that big a threat, but such fire could result in huge damages to neighbouring farms?
Under the Public Liability section of our Agri policy, clients are covered for damages they become legally liable for if a fire starts on their property and then spreads to neighbouring farms causing damage.
In an effort to minimise such damage, the farmer may incur great expenses to extinguish the fire/s.
The new fire extinguishing charges clause under the Public Liability section of our Agri policy will indemnify the policyholder for all reasonable fire extinguishing costs and expenses which the policyholder becomes legally liable to pay as a result of the extinguishing or fighting of fire (including water-bombing by air) to prevent the spreading of such fire beyond the borders of their own premises.
FIRE: RISK WARNING
Devastating cost of fire to farms, the features of our spread-of-fire cover (including water bombing by air and liability cover) and the benefit of joining a Fire Protection Association.Play
The following Fire Extinguishing charges are available under the Public Liability section
- R100 000 cover with annual premium of R 750
- R250 000 cover with annual premium of R1 500
- R500 000 cover with annual premium of R3 000
- R1 million cover with annual premium of R5 000.
We believe communities must work together to prevent fire disasters from occurring, and that insurers must form co-operative partnerships with both communities and local government. To this end, Santam works closely with Working on Fire, a broad-based, integrated fire management initiative, to lobby municipalities about building their resilience against the impact of fires and to educate communities on the very real dangers posed by fire – thereby reducing the very real human and material cost of losses from fire.
Welcome to our advice section
Santam shares the latest news and fresh perspectives on issues affecting the insurance needs of our agricultural clients.