Life Insurance from 1Lifedirect  

Online Services

 

  Life Insurance

 

  Car Insurance

 

  Finance + Loans
    Home Loans
    Medical Aid
    Vehicle Finance
  Flights   Book Flights
Short Term Insurance    |    Life Insurance    |    Investments    |    Medical Aid    |    Companies    |    News    |    Resources
     

Home Loan Insurance

Enables homeowners to maintain monthly bond repayments in the event of illness, disability + death. From only R80 a month.

 

How Much Life Cover?

Not having enough life cover is just as dangerous as having no life insurance at all but how much do you actually need?

     

Personal Insurance

 

Medical Insurance

Funeral Insurance

Legal Insurance

Pet Insurance

Life Assurance

Credit Life Insurance

Bond Insurance

Travel Insurance

Commercial Insurance

Financial Advice

Investments

 

 

Car Insurance

Comprehensive Cover

Limited Cover

3rd Party Only

Household Insurance

Homeowners Insurance

 

 

Multi-Prof Brokers

Find an Advisor

 

 

1Life

SANLAM

Life Insurance Calculator

No Medical Life Insurance

 

 

Complex Wills

Will & Testament

 

Hints & Tips

 

Insurance Quotes

Insurable Interest

Insurance Ombudsman

Insurance Companies

Life Insurers

Short Term Insurers

 

Explanations

 

Under Insurance

Personal Accident Cover

Personal Legal Liability

Extended Liability (PLIP)

Knock for Knock

Market Value Calculation

No-Claim-Bonus

Pro Rata Premium

Excess

SASRIA

 

 

Insurance Directory

Financial Directory

Health & Medical

Financial Services Board

Insurance Brokers Council

Insurance Fraudline

Find an Advisor

ITInews

SAIA

 

 

 

 

 

Homeowners Insurance Cover South Africa

With today’s South African consumer market as saturated with advertising as it is, it is fairly safe to say that most South Africans do understand and accept the necessities behind any insurance policy, and home insurance is no different here. 

Simply put, a home insurance policy provides financial cover for any damages or losses to your property or possessions, incurred due to theft, fire, flood, or any other natural disaster.  Indeed, if you are one of the many South African’s fortunate enough to be a homeowner, then you may already be familiar with the workings of this kind of policy.

The crucial point to note, however, is that there are different types of this kind of insurance and not all policies, or insurance providers, offer all of the coverage options that fall under the large banner of home insurance. 

Homeowners insurance, then, is a type of insurance for your home or property that most homeowners may already possess.  Indeed, most, if not all, home loans, bonds and mortgages require a homeowner’s insurance policy be taken out on the property, valid for the duration of the loan, before the loan itself is approved and guaranteed.

What homeowners may not be familiar with is just exactly how homeowner’s insurance differs from other kinds of home insurance, such as household insurance. 

Homeowners insurance is an insurance policy that homeowners can take out to provide financial cover for the actual buildings of your private residence themselves, including any outbuildings, such as a motor garage, granny flat, or a work shed,  as well as providing cover for property enhancing features, such as swimming pools.  A policy of this nature will offer you, as the legal homeowner, a payout equivalent to the insured value of the property that has been damaged due to fire, flood, or any other natural disaster such as storm or lightning damage or even an earthquake. 

Coverage for vandalism is also usually included, as are other minor problems such as  broken windows, burst water pipes, leaking geysers and so on, but it is recommended that you confirm the inclusion of these ‘extras’ with your insurance provider, just so that you, as the homeowner, are fully apprised as to the extent of the insurance policy coverage. 

The premiums for a homeowners insurance policy, like those for most insurance policies, are calculated through the consideration of a number of different factors, including the area in which the house is situated, the condition of the house at the time of insuring, the total value of the home itself, and the amount of excess you are willing to pay when claiming.

Most short-term insurance providers that offer home insurance packages, from the likes of SANTAM and OUTsurance, to the various banking and other financial institutions, like ABSA and Old Mutual, do also offer comprehensive homeowners insurance policies.  Thus it is imperative, when looking to take out a homeowners insurance policy, that you compare the various offers available, to find the homeowners insurance policy that is best suited to your property needs and, of course, your current financial position.

Homeowners Insurance Quotes:

 

Insurance Newsletter

 

E-mail

 

Name

   Sign Up
 

 

Medical Fund | Netstar | Car Insurance Quotes | Life Assurance | Bond Insurance | Lewensversekering

Travel Insurance | Medical Scheme | Hospital Plan | Life Insurance | Home Loans | Motorversekering

Copyright © www.insuranceza.co.za  | Insurance South Africa | All Rights Reserved       Contact us:  info [at] insurance.za.org

No material may be published or reproduced in any form whatsoever without prior written permission.

Reliance on the information contained in this site is at your own risk.

 

Terms of Use  |  Disclaimer  |  About Us

hit counter