select
|

Don’t let a burst geyser flood your budget

As South Africans try to stay warm this winter, insurance companies are bracing themselves for a flood of geyser-related claims.

Martin Janse van Rensburg, spokesperson for Budget Insurance says: “At a time when you most want to be warm and dry, your geyser is more susceptible than usual to bursting. The colder surrounding temperatures put the geyser under more pressure as it expands and contracts to keep your water hot.”

Every year during winter, Budget sees a noticeable spike in geyser-related claims. And, says Janse van Rensburg, Murphy’s law says that it will burst at 3am on a Monday, when you’re least prepared to deal with the mess and hassle.

He advises consumers to take steps to prevent, or mitigate, the damage of a burst geyser by doing the following:

- Invest in a geyser blanket to reduce heat loss. The temperature of the water inside the tank will be more consistent, which might also lower your electricity bill slightly.
- Install a drip tray under your geyser that will carry away most of the water if your geyser does burst.
- Get your geyser serviced every three years by a qualified plumber. The service should include:
- Inspecting all the geyser’s parts.
- Checking the tank and valves for leaks.
- Removing scale build-up from the tank and element.
- Inspecting the thermostat.
- Ensuring that the thermostat is set to the correct temperature. The ideal setting is 50 to 55° in summer and 60 to 65°in winter.

Should the worst happen and your geyser does burst, Janse van Rensburg recommends doing the following immediately:

- Switch off the geyser electrical isolator switch on the main distribution board.
- Turn off the water at the main meter box.
- Phone a plumber, or your insurance company’s emergency home assist line.

But it’s not just those who own their homes who should check their geyser insurance cover – tenants should also be prepared.

“Geyser insurance will cover the repairs or replacement of the geyser, but if the property is damaged by any water, tenants would need to ensure that their belongings are covered by a home contents policy, as this responsibility is usually excluded from most lease agreements,” says Janse van Rensburg.


  Comment on this Article

  Please login to post comments

Post to my facebook wall
  
2000
Characters remaining


  • Adriaan Bosch - posted 17 Aug 2015 02:16 PM                                    

    Alternatively you could have your geyser monitored remotely. We monitor geysers from an Accredited remote location and if we detect a leak we can switch of the water flow to the geyser remotely drastically reducing your risk and effectively managing your assets.

Latest Property News
  • 16 Feb 2018
    Whether you own a property in a sectional title complex or are looking to invest in one, the financial standing of the body corporate is the single most important thing that can affect your investment or your buying decision.
  • 15 Feb 2018
    One positive consequence of the financial crash in 2008 was the rise in consumerism, especially in the property market, where buyers have steadily become more knowledgeable and more value conscious.
  • 15 Feb 2018
    While most homeowners will take the agent’s commission into consideration when they are trying to determine what the will get out from the sale of their property, many often forget to factor in the other costs involved in a home sale, says Adrian Goslett, Regional Director and CEO of RE/MAX of Southern Africa.
  • 14 Feb 2018
    The forecast for the national rental market in 2018 remains a mixed bag of good news and bad news. Although rentals are expected to rise slowly as the challenges of home affordability and tighter lending criteria tighten their grip, it’s a double-edged sword as the market also will come under increasing pressure from factors like declining disposable income levels.
  • 14 Feb 2018
    While you may not have intended to place your home on the market, what do you do if you receive an unexpected offer on your home? In areas where demand outweighs the current supply of homes available to buyers, it is not unheard of to have buyers make offers on homes that aren’t on the market, says Adrian Goslett, Regional Director and CEO of RE/MAX of Southern Africa.
  • 14 Feb 2018
    If you are looking to sell your home this year, Debbie Justus-Ferns, divisional manager of Renprop Residential Sales, says that there are five crucial things to do before the ‘for sale’ sign goes up.
  • 01 Feb 2018
    February is the month of love and to celebrate we will be posting about all the things we love this month. Follow the #MyPropertyLoves hashtag to keep up with our favourite things.
  • 01 Feb 2018
    After saving up and months of searching for the right home, applying for a bond and patiently waiting for the keys to the front door, it is finally time to cross the threshold and move into your new home. Now what?
    
X
Subscribe to the MyProperty Newsletter

Name  
Last Name  
Email Address  
Email Frequency
select
X
Share this Page

   
For Sale Property
Rental Property
More Options
About
Connect with us
FEEDBACK