SASRIA Insurance, Explained

South Africa has a history of political and social activism, and mass action may result in severe damage to property and losses in productivity and income. Insurers are well aware of these risks, which is where Sasria cover becomes so important.

What is Sasria?

Sasria refers to the South African Special Risks Insurance Association. According to the Sasria website, Sasria is “a state-owned company and the only short-term insurer that provides cover to all the people and businesses that have assets in South Africa, as well as to government entities, against special risks such as civil commotion, public disorder, strikes, riots and terrorism.” SASRIA also states that “South Africa is one of the few countries in the world where anyone is able to buy extremely affordable insurance to protect their assets against these kinds of special, and potentially catastrophic, risks.”

I have insurance – does this mean I need to purchase additional Sasria cover?

Sasria does not do direct business with the public, but is most likely included in your insurance cover, whether it’s home or business insurance. Refer to your Coversheet if you are unsure as to whether you are covered or not.

In what scenario would Sasria cover me?

As a MiWay client, if you have Sasria noted on your Coversheet, you are automatically covered in South Africa for loss or damage caused by (1) any act or attempt calculated or directed to:

  • overthrow or influence the government, or any provincial, local or tribal authority with force, or by means of fear, terrorism or violence
  • bring about loss or damage in order to further any political aim, objective or cause, or to bring about any social or economic change, or in protest against the government, or any provincial, local or tribal authority, or for the purpose of inspiring fear in the public
  • bring about any riot, strike or public disorder

and (2) the act of any lawfully established authority in controlling, preventing, suppressing or in any other way dealing with any occurrence referred to above.

And what does Sasria not cover?

Sasria does not cover you for consequential loss or damage, or loss or damage caused or contributed to by:

  • looting and theft, unless caused by any of the covered events mentioned above
  • property being dispossessed or confiscated by any lawfully established authority
  • the stopping or deliberate slowing down of work
  • any act of terrorism involving the threat of or actual use of any nuclear weapon or device and/or the threat of or actual use or release of any chemical or biological agent

Just as Sasria’s vision is to protect the assets of all South Africans against extraordinary risks, so is MiWay’s goal to deliver great value-for-money insurance products. Get an insurance quote from MiWay today and start living your way!

  1. SASRIA website

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