Guiding consumers since 2009

St Francis Bay claims now R20 million

By Staff Writer

Mutual & Federal (M&F) announced this week that it has registered claims worth approximately R20 million so far  as a result of the St Francis Bay fire disaster.

 
“Depending on whether more customers contact us, we might see an escalation of claims in the coming days,” said Heidi Dias, head of claims at M&F.

 
“Our Port Elizabeth management team travelled to St Francis Bay yesterday to assess the level of the damage and to assist our clients.  What we have so far ascertained is that one of our customers, the Royal Wharf complex, which consists of 10 units, was badly affected by the fire, and so were two other free standing homes insured with us,” said Dias.

 
Pay out


M&F is awaiting a detailed forensic report concerning the cause of the fire, but it has made an interim payment to one of its customers.  “We had to do this to ensure that the customer gets alternative accommodation and other essentials during this tragic time,” Dias revealed.

 
The short-term insurer said it has seen an influx of claims following the October/November Gauteng hailstorms, the Eastern Cape floods and the Polokwane hailstorms.  

 
The company has urged all its customers to make contact as soon as possible.  “It is during times like these that we want to make good on our promise of protecting what’s important to our customers,” added Dias concludes.
 

Recent Articles

Featured The bank took money from my account – is this allowed?

You’ve just deposited money into your account and suddenly you see a notification from your bank. Money has been deducted from your account to pay the outstanding debt that you have with the bank. Is this allowed?

How much does it cost to draft a will?

Having a Will allows you to determine who inherits your property when you die. If you die intestate, the government will determine how to distribute your assets. Many people die intestate because they don’t know how to draft a will or are intimidated by the costs of drafting one.

Is your home correctly priced for the current market?

The property market is typically in either one of two phases, a buyers’ market or a sellers’ market. According to real estate experts, we are currently in a buyer’s market. For this reason, it is important as a seller to correctly price your house to ensure interested buyers and a valuable sale in the end.

Fuel rewards programme – how to fill up on petrol and points

South Africa’s volatile economy has often meant that factors like the fuel price bear the brunt. This year alone the country’s fuel price has fluctuated by between R1.50 to almost R3, which has put increasing pressure on motorists. That said, many of the bigger South African brands have provided some relief by way of fuel rewards programmes.

Deals

Mowana Voucher Special

Price: From R1,099
When: Before 24 December 2019
Where: Johannesburg

Birchwood Hotel Christmas Gift

Price: R959
When: Between 15 December 2019 to 1 January 2020
Where: Johannesburg

Burger & Lobster Lunch in 30 Minutes Special

Price: R99
When: Mondays
Where: Cape Town