Urbanova — Insurance Programme
The insurance programme underpinning Urbanova.
Section 38 · Business Plan
Insurance Programme
The insurance programme underpinning Urbanova.
| Cover | Scope / limit basis | Note |
|---|---|---|
| Contractors All Risks + SASRIA | Full contract value per precinct package; SASRIA riot/civil-commotion cover mandatory | SASRIA cover is non-negotiable post-2021 unrest; lenders co-insured |
| Property damage & business interruption | Full replacement value; 18-month indemnity period on rental income | BI indemnity sized to rebuild-plus-relet cycle |
| Public & landlord liability | R250m combined single limit | Scaled to 52,000 residents at maturity |
| Latent defects (NHBRC + top-up) | Statutory 5-year structural warranty plus insured top-up on panel contractors | Backstops contractor insolvency within warranty period |
| Directors & officers | R150m | Listing-readiness requirement |
| Cyber | R50m | Tenant PII and payments platform (POPIA exposure) |
Insurance premiums are carried within the operating cost lines at
approximately 0.9–1.1% of insured values, the model does not treat
insurance as a below-EBITDA discovery. The single largest uninsurable
exposure remains demand risk at node level, which is why the walk-away
discipline in Section 12A, not an insurance policy, is the real
mitigant.
Confidential — this business plan is provided to prospective investors and lenders for evaluation purposes only and may not be reproduced or distributed without the written consent of Urbanova Living Developments (Pty) Ltd.