DocumentOngoingPublication

Material Damage August 2026

SOUTH AFRICAN SPECIAL RISKS INSURANCE ASSOCIATION (Sasria Soc Ltd)Ref: https://sasria.co.za/wp-content/uploads/2026/08/MaterialDamage2026.pdf

Official source

Source domain: sasria.co.za

Collected on 4 August 2026

Always confirm details on the official source before acting.

What this means

This document is the “Material Damage Policy 2026” (Corporate Policy Manual 2034) for Sasria SOC Limited, setting out the legal and official policy wording for Sasria’s non-life insurance cover for special risks. It states that Sasria cover depends on an underlying policy being in force and that Sasria attaches only to the underlying policy’s basic cover (not automatically to additional perils/extensions, deductibles, benefits, or incentives). The operative clause provides that, subject to policy terms and payment of premium, Sasria indemnifies the insured for loss or damage directly caused by defined events during the period of insurance. The document also includes definitions and interpretations for key terms used in the policy (e.g., Riot, Civil Commotion, Public Disorder, Abandoned Buildings, Average, and others).

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 coverOngoing

Material Damage Policy 2026 (Sasria non-life insurance cover for special risks)

You can obtain Sasria non-life insurance cover for special risks, but Sasria cover only attaches to the basic cover of an underlying policy that must be in force first (or a pro forma underlying policy issued by an authorised Sasria Agent if you only take out Sasria cover). Sasria indemnifies the insured for loss or damage directly caused by defined events during the period of insurance, subject to the policy terms and payment of the required premium.

Who it is for: Insured parties who want Sasria non-life insurance cover for special risks and have (or arrange) an underlying policy to which Sasria can attach.
How to act on it: Ensure there is an underlying policy in force before Sasria cover is issued; if taking only Sasria cover, obtain a pro forma underlying policy issued by an authorised Sasria Agent for Sasria to attach to; pay the required Premium in accordance with the conditions set out in the policy.

Facts

Reference

https://sasria.co.za/wp-content/uploads/2026/08/MaterialDamage2026.pdf

Key Takeaways

Document title: Material Damage Policy 2026
Provider: Sasria SOC Limited (Sasria SOC Ltd)
Governing law: laws of South Africa govern the policy
Underlying policy requirement: underlying policy must be in force before Sasria cover is issued
Attachment of cover: Sasria cover attaches to terms/conditions/exceptions/exclusions/warranties of the underlying policy
Scope limitation: Sasria applies only to basic cover of the underlying policy; not automatically to additional perils/extensions, deductibles, benefits, or incentives
Operative clause: Sasria indemnifies for loss or damage directly caused by Defined Events during the Period of Insurance, subject to terms and premium payment
Limit of Indemnity: annual aggregate monetary limitation for all Material Damage classes of business collectively, as reflected on the Schedule
Definitions included: Abandoned Buildings, Average, Civil Commotion, Computer System, Consequential Loss, Riot, Public Disorder, etc.
Sasria SOC Limited
Sasria SOC Ltd
Sasria Sasria SOC Limited (Reg. No. 1979/000287/30)
Insured
Sasria Agent
Government of the Republic of South Africa
Companies Act 71 of 2008
Short-term Insurance Act 53 of 1998
Protection of Personal Information Act 4 of 2013
Private Security Industry Regulation Act 56 of 2001