Sasria will no longer provide cover for riot damage if the power grid collapses
SA’s special risk state-owned insurer will no longer provide cover for damage to property caused during riots and protests that could break out in the event the country’s electricity grid collapses.
The decision by the South African Special Risks Insurance Association (Sasria) follows moves by SA’s big short-term insurers who have pulled, or plan to remove, grid failure cover from their policies this year.
From 1 June, all Sasria policies will not indemnify people and business from “any loss, damage, cost or expense, directly or indirectly caused by, arising out of, in any way or to any extent contributed to by, or in connection with electricity grid failure”.
This exclusion applies to “any riot, strike or public disorder (including civil commotion, labour disturbances or lock-outs)” that are directly or indirectly caused by the grid failure.
It will also not cover problems arising from disruptions to water supply, telecoms systems or sewerage, and losses from rotting food.
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