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 Register your customary marriage or lose the right to inherit estate

December is that time of the year when we will see at least one suitor sending his uncles to negotiate the price of his future wife. Lobola, as the bride price is known, has always been an important element of the African marriage.

Read more

Changing from one medical scheme to another - effortlessly

It is coming up to the end of the year and you might be looking to change medical schemes, or options within a scheme in preparation for the new year. While you don’t necessarily have to wait for year-end to do so, providers often recommend it.

Read more

Your guide to financially surviving Christmas

There are a few times each year where you need to dig deeper into your pocket and spend more money such as birthdays, anniversaries, and the Christmas period. Whether you celebrate this religious holiday or not, the festive period - depending on how you choose to spend it - means increased travelling, buying of gifts, entertaining, and eating out at restaurants.


Read more

Trump, Trump and a little bit of South Africa

What a November we had, with the rand staging one of its best months and closing below the R14.00 level. To be honest, this looked like quite a far-fetched possibility at one stage during the month. It seems that the tide has changed a little, even though it might be short lived since the US dollar bulls are not so sure of their case anymore.

Read more

Sign Up

To our weekly newsletter for advice you can bank on

Deals

Free iCollege Scholarship

Price: R600
When: Until 16 May 2019
Where: Nationwide

Telkom December Big Deal

Price: R459 pm
When: Until 31 December
Where: Nationwide

Money Savvy Kids Giveaway

Price: R450
When: 8 December
Where: Johannesburg (Milpark)