BODY CORPORATE INSURANCE

tick Tailored cover for your property. tick Reliable solutions for every community. tick Additional cover automatically included.

Comprehensive Cover for Community Schemes

When you are responsible for a community, you need more than just insurance. You need a partner you can rely on. First for Women offers cover backed by experience, expertise and a deep understanding of what it means to lead with confidence.

Managing a Body Corporate or Homeowners Association (HOA) comes with unique risks. From property damage to liability claims, even unforeseen events can affect your complex. That is where we come in.

Body Corporate Insurance

This protects buildings and common property in residential complexes from risks like damage, liability and unexpected incidents. Our tailored solutions give trustees and owners the confidence that their investment and their community are secure.

Homeowners Association (HOA) Insurance

This covers common areas, liability exposure and unplanned damages in residential estates. With our specialist knowledge, you can protect your community’s assets while promoting long-term financial stability and peace of mind.

With First for Women, your community scheme is backed by insurance that is built to support strong leadership and sound decision-making, giving trustees, owners and residents the protection they deserve.

What is the difference between Body Corporate and a Homeowner's Association?

The main difference between a Body Corporate and an HOA is property ownership and community structure.

Body Corporate

Ownership Structure

Individual units are owned by separate owners, while the land and common areas are collectively owned. Apartment buildings or complexes.

Common Property

The Body Corporate is responsible for the maintenance and management of common property, including exterior walls, roofs, and shared facilities.

Governance

Governed by elected owners who become the Management Committee or Trustees who manage finances, and maintain common property.

Levy

Unit owners pay a levy to the Body Corporate to fund the maintenance and management of common property and facilities.

Home Owners Association

Ownership Structure

Individual properties are usually full-title homes, meaning each homeowner has exclusive ownership of their property, including the land it sits on.

Common Property

The HOA owns and maintains common areas and facilities, such as parks, swimming pools, and community centres.

Governance

Governed by a board of directors or trustees, elected by the residents. The board enforces rules and regulations and manages the community.

Levy

Homeowners pay a levy or fee to the HOA to cover the costs of managing and maintaining common areas and facilities.

Cover automatically included under buildings combined

Under buildings combined you may claim for loss of or damage to the physical structure of your business building and its outbuildings.

Accidental Damage

Cover for up to R250 000.00.

Leakage Damage

Full Value of Building Sum Insured.

Malicious Damage

Full Value of Building Sum Insured.

Full Value of Building Sum Insured.

Employers Liability

Cover for up to R2 500 000.00.

Public & Trustees Liability

Cover for up to R50 000.00.

Fidelity Guarantee

Cover for up to R50 000.00.

Loss of Money

Cover for up to R25 000.00.

Cover for up to R25 000.00.

Cover for up to R50 000.00.

Office Contents

Cover for up to R100 000.00.

Additional cover, automatically included

No matter how hard you work to mitigate risks, some things are simply beyond your control.

That’s why you need Body Corporate Insurance that provides cover for: