Houseowners Insurance
Houseowners Insurance
Mention the word “insurance” and many will start thinking about life cover, funeral cover or pension. Have you thought for a moment about that very important asset which keeps you sheltered all the time, your house. Imagine one day coming back to your sanctuary after a long tiring day at work and you find the house burnt to ruins. Imagine seeing the house being gutted down by fire or the roof has been ripped off by a wind storm! That is one of the most devastating event in one`s life, isn’t it?. It is unimaginable that your life savings have to be diverted towards the rebuilding of the house and not only that, you will also have to seek alternative accommodation! The sad part is that most of the risks that may affect your property are insurable and you can get compensated for the damages thereof. The insurance policy that takes care of your house is called the Houseowners insurance policy.
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What is the Houseowners Insurance?
This is an insurance policy that covers damage to the main building and all outbuildings including gates, swimming pools and boreholes. Fixtures and fittings are also covered including the roof, geysers, pipes, gates & outbuildings.
Below are some of the perils that are covered by a houseowners policy:
- Fire, lightning, thunderbolt, explosion.
- Non Political Riot strike and malicious damage
- Storm, tempest
- Flood, Earthquake
- Bursting or overflowing of water tanks apparatus, pipes or domestic appliances
- Impact by any road vehicle , aerial device or animal.
- Housebreaking or any attempt thereat.
- Falling trees
- Accidental collapse of television and radio aerials and masts
- Accidental damage to glass, sanitary ware, fixtures and fitting
- Damage to third party property and /or surrounding property
- Alternative accommodation
- Fire brigade charges
Common Claims under Houseowners policy:
There are many incidents which may give rise to a claim. Below are some of the most common ones:
- A third party vehicle loses control and rams into the perimeter wall or worse still into the house
- Breakage of windows due to a stone flicked by a lawn mower
- Theft of borehole pump / gate motor / swimming pool pump
- A tree falls and damages the building
- Water damage to the ceiling
- Accidental damage to water pipes
- Fire, wind storm, bursting and overflow of pipes, gutters etc
You want to discuss more about this or get a quotation; please do not hesitate to get in touch with us by email, telephone or whatsapp.