Home Insurance
Depending on your policy, a standard Home insurance can help to cover the repair or rebuild of your property, as well as the cost of replacing certain possessions following an insured event as mentioned in the policy such as a storm, fire, earthquake, lightning, or malicious damage as well as loss of keys.
There are some variations to the standard Home insurance which offers extended coverage, like:
- Comprehensive Household Insurance: This policy offers you coverage for your building including the fixture and other structures you’re your property as well as your personal belongings from all risks other than specifically excluded. It also offers coverage for your valuable belongings including your passport, driving license, jewellery and other electronic gadgets too from the specified risks as mentioned.
- Alternative Cost of Accommodation: It usually covers you for the cost of any emergency temporary alternative accommodation, should your home be uninhabitable while it is being repaired after an insured even.
- Land Lord Insurance: Landlord insurance is just similar to the Home insurance; designed for homeowners renting their property to tenants.
- Comprehensive Insurance for Tenants/ Tenant’s Liability: This insurance can help to cover your personal possessions as well as the repair or replacement cost of certain valuables if they’re damaged by storm, fire, theft, malicious damage, or escape of liquid (such as a burst pipe) in your rented house; as per the policy documents.
