DocumentOngoingPolicy

F4 Policy Wording

SOUTH AFRICAN SPECIAL RISKS INSURANCE ASSOCIATION (Sasria Soc Ltd)Ref: https://sasria.co.za/wp-content/uploads/2025/04/F4-Policy-Wording.pdf

Official source

Source domain: sasria.co.za

Collected on 13 July 2026

Always confirm details on the official source before acting.

What this means

This document is Annexure 4A titled “F4 Policy Wording” for Sasria SOC Limited, setting out the general terms and conditions and the Material Damage Section for fire category F4. It explains the 12-month insurance period, renewal and cancellation rules, premium payment methods and lapse consequences, insured duties (precautions, disclosure, anti-fraud), claim-related rights (possession of damaged property, compensation basis), territorial coverage (South Africa and limited Namibia), dispute/arbitration process, and burden of proof requirements. It also describes Sasria’s right to review rates and premiums and provides guidance on how queries and complaints are handled and how to register a complaint.

What this document offers

Read out of this document by Govermate's AI, in its own words. Each one quotes the line it came from — confirm on the official source before acting.

payment methodOngoing

Premium Payment via Monthly Debit Order

Policyholders can pay their annual premium in monthly instalments using a debit order. Payments must be made before the beginning of each month to maintain active cover.

Who it is for: policyholders with fire category F4 insurance
How to act on it: Set up a monthly debit order with Sasria SOC Limited through their banking institution.

Show the line this came from

The Policyholder can choose to pay Sasria premium in one of three ways: • monthly by debit order;

How to apply

Facts

Reference

https://sasria.co.za/wp-content/uploads/2025/04/F4-Policy-Wording.pdf

Key Takeaways

Document: Annexure 4A – F4 Policy Wording (Sasria SOC Limited)
Insurance period: full 12 months
Renewal: activated by payment of a premium
Premium lapse: if premium not received by due date, policy considered lapsed at 24:00 on last day of previous period (unless failure was an error on Sasria payment platform)
Premium payment options: monthly debit order; yearly debit order; yearly cash
Anti-fraud: Sasria may refuse claims; no premium refund if fraud/attempted fraud; may start legal proceedings
Claim rights: Sasria may enter damaged property and take possession; policyholder remains responsible until in Sasria possession
Territorial cover: Republic of South Africa or territorial waters; also Namibia for max 60 consecutive days via agreement with NASRIA
Disputes: arbitration under South African arbitration laws; arbiter decision final and binding; no legal action until decision
Burden of proof: policyholder must prove loss; required documents include photos/videos, police report, and case number
Rates/premiums review: Sasria may review terms including rates/premiums with written notice via distribution channels
Sasria SOC Limited
Sasria SOC Ltd
Namibian special risk insurance association (NASRIA)
United Nations Convention on the Law of the Sea (1982)
Policyholder
Arbiter