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electric cable!

By john lumley on Tue, 13 Mar 2012 at 11:21

Hi..in a sectional tile complex....cable from substation in complex to one unit was struck buy lightening over weekend....insurance company say we not covered for this repair....who should pay, the owner or the body corporate,...comments appreciated...Thanks.

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RE: electric cable!

Brian Addison replied on Tue, 13 Mar 2012 at 11:44

Hi John
Info a bit thin! Please establish and advise who owns the substation and electric cable? If it is the property of the local authority/municipality, your insurer would not be obliged to respond. Your policy should cover buildings and improvements that belong to the Body Corporate against lightning damage, subject to any excess applicable.

Brian Addison
ADDSURE
Authorised financial services provider
FSB License 15269

RE: electric cable!

Gerhard Bezuidenhout replied on Tue, 13 Mar 2012 at 14:34

Hello, Brian - while we wait for feedback from John Lumley - would you mind to reflect on the following:
Electricity supply interruption occurred in an area where we hold a ST Unit. This tripped the switch at the switch gear installation. On reset of the trip the power supply TO our unit blew a cable about 10 cm from the switches in the DB box of our unit. This caused the trip switch to activate. However, NO damage done to the wiring FROM the DB installation to the unit itself.
We received an account for the repairs.
1. Would this be an insured event?
2. Any opinion as to who should foot the bill? Owner or BC?

RE: electric cable!

Brian Addison replied on Tue, 13 Mar 2012 at 15:19

Hi again
One should always refer to the particular policy that covers your buildings. Not all insurers even cover 'power surge' as a peril. You also need to firmly establish what the actual cause was ie. Lightning, fire etc and whether or not the policy covers the main cause. Most policies also exclude damages caused by power surge where the supply shutdown was a pre-planned or municipal outage as we have become so accustomed to.
I believe that repair costs to a mains supply to board should be paid by BC and section specific supply by owner.

Brian Addison ADDSURE as above...Show More

RE: RE: electric cable!

Gerhard Bezuidenhout replied on Tue, 13 Mar 2012 at 18:06

Thank you - Yes, according to my info this surge is not even covered as an extension to the policy. Thanks for sharing your opinion on "who should pay".

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