Householders/Homeowners' Insurance is a form of property insurance designed to protect an individual's home against damages to the house itself, or to possessions in the home.
Householders/ Homeowners' Insurance also provides liability coverage against accidents in the home or on the property
Most people are subject to some form of stress or another: whether it is being retrenched in place of work or a fellow road user being reckless, there are little things which can stress us out in one way or another.
In some cases, the source of the stress may arise from issues relating to your household; it may well be your friend or family member that has been affected by damages to their home, or indeed the possessions in their home. In as much as you may empathise or commiserate with them over their loss, it is not something you want to experience yourself.
Therefore, you can consider this policy as a way of limiting your stress and enjoying greater peace of mind
1) Name of the insured,
2) Business name (if/where applicable),
3) Residential Address,
4) Choose the policy,
5) List the possessions you would like to cover and also their estimated values,
7) telephone number,
8) Choose (tick the designated box) whether it is a Takaful/Islamic insurance product
Yes, you can and you’ll just need to list the items and their corresponding values in the designated space to affect cover for all items
The payment required to affect an insurance policy is called a ‘premium’ in insurance parlance. It is often payable in advance of the insurance policy being affected
How are premiums calculated?
This is calculated based on a percentage of the estimated value of the items or property being insured
As long as you are honest about the details required to affect Householders/Homeowners' , and honest in providing all the relevant info when making a claim, there’s no major reason for concern.
Typically, unsuccessful claims arise in the event of a customer committing insurance fraud or violating any terms of her/his insurance policy