Stay Covered: Review Your Insurance Before the Storm Hits
- sammijo0
- Oct 31, 2025
- 2 min read
With the storm season fast approaching, it’s important to make sure your insurance cover can weather the impact.
Underinsurance is one of the most common issues we see at claim time, especially when property values or building costs have changed.
Take a moment to review your cover with Insure Brokers and ensure you’re ready for whatever the season brings.
Are You Properly Covered? The Risk of Underinsurance.
Many property owners don’t realise that their buildings may be insured for less than what it would actually cost to rebuild. With rising construction costs, labour shortages, and exchange rate pressures, this gap can leave you seriously out of pocket at claim time.
What is Underinsurance?
If your property’s insured value is lower than its true replacement cost, the average clause in your policy may reduce your payout in proportion to the shortfall.For example, if your building is insured for only 80% of its real value, you’ll receive only 80% of your claim amount.
Why It Happens
Old or outdated property valuations
Rising material and labour costs
Currency and inflation fluctuations
Not including professional fees and demolition costs
How to Protect Yourself
✅ Have your property professionally valued every 1–3 years✅ Review your insured values at each renewal✅ Include all rebuild-related costs (demolition, fees, compliance updates)
In Short
Underinsurance is preventable — and a quick review could save you thousands when it matters most.
Insure Brokers can help you check whether your cover reflects today’s rebuild costs..
Storm season readiness: safeguarding your property
Taking steps to reduce risk before disaster strikes not only safeguards one’s assets but also helps ensure smoother claims processes and predictable outcomes. As climate patterns shift and extreme weather becomes more frequent, property owners are well-advised to take proactive steps before the inevitable thunderstorms roll in. A little preparation now can prevent costly repairs, insurance claims, and unnecessary headaches and interruptions later.
Insure Brokers
8 Eagle Road, Southbroom
South Africa
The information provided in this newsletter is for informational purposes only and should not be construed as professional advice. While we include links to helpful third-party websites, please note that we don't control or guarantee the accuracy of the information on those sites. We encourage you to reach out to our office if you need personalized advice. We're not responsible for any actions taken based on the information shared here or through the links provided.
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