INSURANCE

INSURER King Price says it has settled more than R21 million in claims in the past 14 months alone due to damages sustained through power surges and dips, mostly caused by load shedding – and it expects this figure to rise. Wynand van Vuuren, the client experience partner at King Price Insurance, said the claims were registered in the period from

July 1 2021 to September 19, 2022. Lightning-related claims are specifically excluded from this figure. “We’re asking our policyholders to install surge protectors to protect their appliances, and to make sure their generators and back-up power systems are installed professionally to ensure they’re covered by insurance.”