As a homeowner, you need two types of insurance to protect yourself against the unexpected.

Homeowner’s insurance covers the structure of your property, while Household Insurance covers the contents – your possessions within the home.

If you own a home, you need both Home Owner’s insurance and Household insurance. Our affiliated company Liso Life & Investment Solutions (Pty) Ltd can assist you with putting both Homeowner’s insurance and Household Insurance in place from one of the major short-term insurance companies available.

Home Owners Insurance – relates to the structure of your property, and covers you for fire, water, damaged, landslides and other unexpected happenings. 

When you get a Home Loan from a bank, the bank will insist that you take out  Homeowner’s Insurance.  The bank needs to make sure that it can recover its loan should the property be damaged or destroyed.  We suggest you ask us to shop around for quotes on your behalf before your home loan is approved, otherwise the bank will insist on using their own brokers, which can cost you more at the end of the day.

If you own a home/flat or townhouse in a sectional title property, you are usually covered for homeowner’s insurance, and the premium is included in your monthly levy.

Household Insurance – covers the contents of your home against loss arising from events outlined in your policy document.  Contents also covers things in your garage or storeroom as well as garden furniture, and other outdoor items, although there may be conditions, as well as your vehicle/s.

You cannot take out household insurance to cover only specific items, such as your television, video recorder and sound system.  Virtually all household insurance is provided on the basis of “new for old”.  In other words, the insurance company pays out what it would cost to replace the insured item/s at the current prices rather than what you originally paid for it.  You must therefore keep an eye on the current replacement costs of your possessions and have them increased as time goes by.

When you take out household insurance, you place a value on your household contents by insuring them for a particular sum. This sum, less any expenses which you may have to pay, is the maximum that your insurance company must pay you if everything is lost, stolen or damaged.

Factors that will help lower your premiums.

You can contact us to obtain a no obligation quote which our licensed affiliated company Liso Life & Investment Solutions (Pty) Ltd will issue you with pleasure.

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