Homeowner Publicly Shames Outsurance [PIC]

09 Jan 2013 by Seth Rotherham in Business

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A Constantia man whose house burnt down is publicly protesting, saying that his house was insured for R6,9 million, but Outsurance are only paying out R2,5 million. Outsurance are allegedly suing him now, for damages. Oh the irony…

According to people familiar with the claim, the house burnt down last year in May. It was insured with Outsurance for R6,9 million. Outsurance are saying that they can rebuild the house for R2,5 million – the same house  with thatch, and the same finishes.

Outsurance could not be reached for comment.

If you have any insight into the insurance industry, please do add your thoughts in the comments section.

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