Household insurance is extremely important in protecting your property and possessions against risks such as fire, theft and damage.
With regards to your home there are two things that you would need to insure, these being your household good and your building.
The details are as follows:
Household Insurance South Africa: Buildings
Also known as House Owners Insurance. Designed to cover the building, which is a private dwelling. The property is insured on the current re-building rates. It is always best to have a valuator to come and calculate the actual sum insured of the building.
Household Insurance South Africa: Contents
Also known as House Holders. The sum insured should reflect the current replacement cost of the item if it were to be bought brand new, this is a relatively inexpensive section of cover, providing you have the correct measures in place.
Please note that the average clause applies to these sections of the insured policy and if you are under insured, and a claim occurs, the insurer will only pay out a pro rata amount, depending on the ratio of difference. There are many factors that will influence your premium, including your current NCB and your sum insured.
Incompass is able to provide you with much more information on both your buildings and contents insurance, as well as provide you with a non obligatory quotation.
Contact us for more information on Household Insurance South Africa
At Incompass Financial Services we believe that quality service starts from your very point of contact with us. To this end we endeavour to answer all enquiries and e-mails within 24 hours.
In the event your enquiry is of an urgent nature please feel free to telephone us.
“We look forward to being of assistance to you on the topic of Household Insurance South Africa.”
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