Homeowners Comprehensive Insurance

Your property will be the most cherished investment you will make and your bond carries significant financial responsibility. Damage or destruction to your property as a result of fire, flood, lightning or other unforeseen events could create a significant financial burden to you and your family. The bank will still require you to repay your bond and your precious investment being your home would have been destroyed, therefore the bank requires you to take out Home owners cover as a mandatory condition of the loan. Even if you have paid off your property, could you afford the replacement building costs should something happen?

Shackleton Life deals specifically with Home Owners cover, the benefits of our PRICELESS HOMEOWNERS policy have been tailor-made, providing you with the protection you need for your property.

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Home Owners Comprehensive Insurance Covers:

In addition to the structure, the Home Owners Comprehensive Insurance policy covers burst geysers and resultant damage should this happen, as well as permanent fixtures and fittings such as baths, toilets and fitted kitchens, bedroom cupboards and interior decorations. The test is – can the fixture reasonably be removed and taken to a new home? If no, then it is covered by Home Owners Comprehensive Insurance. Cover is extended to include structures such as garages, greenhouses and garden sheds, boundary walls, fences, gates, driveways and swimming pools. The policy also provides you with alternative accommodation if your home is uninhabitable due to an unforeseeable insured event occurring.

Why the Shackleton Life PRICELESS HOMEOWNERS Policy?

Product features

1. Comprehensive cover rather than Perils Cover. This means that accidental damage to your buildings is included
2. Cover for damage to your property as a result of subsidence and landslip
3. Cover in the event of your geyser bursting
4. Temporary Protections Cover (e.g. watchmen)
5. Tracing of leaks
6. Cover in the event of Permanent Disability allowing you to make alterations to your home for wheelchair access
7. R5000 limited cover for Removal of fallen trees where there is no damage to buildings
8. Extended Personal Liability Cover up to R10 million rand

Important Information

1. The bank will specify a minimum cover amount
2. The attorney registering your home-loan will be required to confirm that you have sufficient cover in place, before they can proceed with the final registration of your home-loan
3. The onus to ensure that a dwelling is insured adequately rests with the owner. The property is insured based on costs of rebuilding the buildings as if they were totally destroyed.

Do it now and Insure your most Cherished Investment

Application is easy. Call us on 087 232 7014

Or Click Here for a consultant to contact you.

Why take Home Owners Comprehensive Insurance?

Home Owners Comprehensive Insurance is a compulsory insurance when taking out a home loan that covers you should your property incur damage to the actual structure of the building or the fittings or features within.

For more information, please contact us.