PROPERTY INSURANCE

PROPERTY INSURANCE

Property insurance is a type of insurance policy that provides financial reimbursement to the owner or renter of a structure and its contents in case of damage or theft. It covers a variety of risks, such as fire, theft, and certain weather-related damage. Each policy has specific coverage limits, deductibles, and exclusions that define what is protected and under what circumstances.

Our Property Insurance Options

Fire and Special Peril insurance

This policy is designed to protect against loss or material damage to property caused by fire and certain associated risks. It covers accidental damage

Features:

This policy covers loss or damage to properties as a result of fire, lightning, limited explosion and other special perils listed below

  • Fire, including Lightning limited Explosion
  • Explosion (industrial)
  • Aircraft
  • Riots, Strikes, Lock out
  • Malicious Damage
  • Earthquake or Volcanic Eruption
  • Storm, Tempest & Flood
  • Bush Fire
  • Escape of Water from any Tank, Apparatus or Burst Pipes
  • Impact by any Road Vehicle Or Animal

Benefits:

  • Provides for cost of temporary accommodation
  • Reimburses cost of rebuilding the damaged building.
  • Indemnifies against malicious damage of your property (except during theft)
  • Covers cost of removing debris
  • Covers losses not resulting from fire e g burst pipes, flood etc.
  • The policy also provides cover of up to 10 of the sum insured for contents temporarily removed from premises for repairs.
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BURGLARY INSURANCE

Burglary and Housebreaking Insurance covers property contained within a commercial building from theft involving violent and forcible entry. The property covered by this policy includes furniture, fixtures and fittings, equipment, electronics and more.

Benefits

Insured items stolen during break ins can be replaced
It covers damage to means of entry up to specified amount
It could cover all other contents not specifically insured up to limited amount
It could be extended to cover contents temporarily removed from premises excluding stock 10 of total sum insured
It could extended to cover the contents in the vehicle parked overnight in the premises specified in the policy
You can buy this insurance for both residential and non residential premises

Features

May be extended to cover personal effects and tools of employees and visitors
Replacement of lock and keys damaged directly due to burglary currently not in the policy would be good to add
Can be extended to cover larceny for residential premises only
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