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Introduction
Your
Home is your most valuable possession and your biggest investment.
It is where your life savings would be.
Have
you ever thought what might be the consequence should your
Home be destroyed by fire or natural catastrophe ?
If you
were to suddenly lose your Home due to fire or if the Contents
in it were damaged, you probably could not afford to replace
everything at once. What if someone sued you for an injury
or damage caused by your negligence ? The cost of defending
that suit and paying third party damages could run into thousands
of dollars.
Coverage
Home contents
insurance covers for 2 main groups of damages
1.
Loss or damage to your Home caused by :-
-
Fire and Lightning
- Explosion
-
Aircraft and impact
-
Bursting or overflowing of domestic water tanks, apparatus
or pipes
- Theft
or any attempt thereat
- Flood
(including overflowing of the sea)
- Riot,
civil commotion
-
Malicious Acts
-
Landslip or subsidence
2.
Accidental loss of or damage to the Household Contents,
valuables and other personal possessions
- Loss
of rent or additional expenses incurred for alternative
accommodation
- Accidental
damage to underground services
- Fire
extinguishing expenses
- Loss
of cash as a result of theft
- Accidental
breakage to fixed mirrors
- Replacement
of locks and keys
- Pet
Dog
- Belongings
of domestic servant
Most
insurance companies exclude claims due to the following
- The
burning of property through the order of any public
authority
- Malicious
acts by your family members or any person lawfully in
your Home.
- Third
Party accidental injury or death and/or third party
property damage occurring in USA or Canada
- Any
unexplained loss or mysterious disappearance
- Wear
and tear, rot, fungus, atmospheric conditions, moth,
insect, vermin infestation, any process of dyeing, renovation,
restyling, restoration and any mechanical or electrical
breakdown.
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