Coun­cil is the only win­ner here

The Star Early Edition - - NEWS - Rein­hardt Smith

THE dust must now have set­tled on this NHBRC is­sue. I hope so.

As an en­gi­neer, I am reg­is­tered with them and I of­ten won­der about the in­sur­ance of the as­set, be­ing a house. Their ser­vice is in fact the pro­vi­sion of in­sur­ance to the home owner.

Fur­ther­more, the fi­nancier, a bank, nor­mally in­sists on in­sur­ance of the as­set. That is two in­sur­ances.

To put the cherry on the cake, the en­gi­neer has to have pro­fes­sional in­sur­ance at all times. Three times, then. If you add the builder’s in­sur­ance, it comes to four.

The law says you can’t have an as­set in­sured more than once, not so? The NHBRC clearly says it doesn’t en­ter­tain any claim of more than R500 000. So what hap­pens if a R5-mil­lion home starts crack­ing?

They go for us, the en­gi­neers. We have to show that we have ex­er­cised our duty to care. So do the banks. The owner goes in cir­cles and one in­surer blames an­other.

The banks play the game by in­sist­ing that you en­rol with the NHBRC, oth­er­wise no loan.

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