DocumentOngoingOther

Circular 491 Imminent Danger Security Costs Cover Protection Of Property Prior Loss

SOUTH AFRICAN SPECIAL RISKS INSURANCE ASSOCIATION (Sasria Soc Ltd)Ref: https://sasria.co.za/wp-content/uploads/2025/04/Circular-491-Imminent-Danger-Security-Costs-Cover-Protection-of-property-prior-loss.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

Sasria SOC Ltd issues Circular 491 to all its agents and intermediaries, effective immediately from 14 December 2018. The circular confirms and sets conditions for an extension covering “imminent danger” security costs to prevent impending loss related to a Sasria peril, including a total annual aggregate cap of R10 000 000. It explains that the extension is only available as an add-on to the Material damage and Contract works sections, cannot be reinstated after depletion, is not subject to the R500 million coupon annual aggregate, and outlines rules for purchasing additional cover above R10 million and for mid-term activation.

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.

insurance cover extensionOngoing

Imminent Danger Security costs cover (Protection of property prior a loss)

Sasria makes an extension available for reasonable security, preventative and property-protection costs incurred to prevent imminent loss caused by a Sasria-related peril. It is available only with the Material damage and Contract works sections and is capped at R10 000 000 in total annual aggregate without reinstatement after a claim.

Who it is for: Sasria agents, intermediaries and insureds seeking Material damage or Contract works cover
How to act on it: Purchase the extension with the Material damage or Contract works section through Sasria. If cover above R10 million is needed, purchase the base R10 million from Sasria and any additional cover in the open market; ground-up market cover requires express written permission from Sasria. Mid-term inclusion requires collection of a pro-rated premium and endorsement of the coupon. For queries, contact a Sasria Customer Relationship Manager or contactus@sasria.co.za.

Facts

Reference

https://sasria.co.za/wp-content/uploads/2025/04/Circular-491-Imminent-Danger-Security-Costs-Cover-Protection-of-property-prior-loss.pdf

Amounts

R 10 000 000, R 500 000 000

Key Takeaways

Sasria Circular 491
Date: 14 December 2018
Effective date: Immediately
Subject: Imminent danger security costs cover (protection of property prior to loss)
Annual aggregate cap: R10 000 000 total annual aggregate
Extension available only with Material damage and Contract works sections
Cover does not reinstate after limit depletion
Not subject to R500 million coupon annual aggregate
Reasonable security/preventative/protection costs to prevent imminent/impending loss from a Sasria peril only
Limit applies up to sum insured on the coupon if below R10 000 000
If higher than R10 million: base R10 million must be purchased from Sasria; additional cover above R10 million can be bought in open market
Open-market purchase from ground up requires express written permission from Sasria
Sasria rate equals corresponding Fire coupon and/or Contract works coupon
Mid-term inclusion allowed: not retrospective; pro-rated premium collected and coupon endorsed
Activation conditions: Sasria peril within 10km radius; only registered security companies recognized; indemnification subject to average security service costs over 6 months prior to claim; excludes capital additions
Sasria SOC Ltd
Mokgadi Malebye
Underwriting Manager: Insurance Operations
Sasria Agents and Intermediaries
Sasria Customer Relationship Manager
contactus@sasria.co.za