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Category:
Insurance
/
Short Term
Insurance /
Home Insurance
Home Insurance
Have you ever thought what you would do if your house suffered
serious fire damage due to an electrical short or a lightning
strike? Or what if a water main burst and flooded your entire
property? Or even if you came home from work one evening to find
your house stripped of all its contents? These scenarios may be
taken from your worst nightmares, but the scariest thing of all is
that they could so easily become a reality.
A
reality which could see you fall heavily into debt trying to repair
your home and replace your most treasured possessions, that is, if
you did not have comprehensive home insurance.
In
twenty-first century South Africa, where food and fuel prices are
skyrocketing, and the general cost of living costs a whole lot more
each year, the last thing you need to be worrying about is how you
are ever going to be able to afford to carry the costs these
'nightmares' will inevitably incur.
Home insurance allows you to plan ahead, and ultimately plan for the
worst. If you are a new home buyer, if you have recently conducted
any renovations to your property, or recently purchased that dream
home entertainment system, or computer, or even if you have been
living in the same house for twenty years and never experienced
property damage or theft, home insurance will offer the necessary
protection and financial support you would so desperately need, if
one of those nightmares actually came true.
For many people, though, the words 'home insurance' conjure up
nightmares themselves and a lot of people cringe at the thought of
all the time, effort and money that goes into tracking down the best
insurance company to suit all of your home insurance needs. This
need not be the case, though, because when you remove all the
marketing rhetoric insurance companies employ to sell their
policies, you'll soon find that these companies generally offer the
same basic services.
For instance, the broad banner of 'home insurance' can be divided
into two, more manageable, subcategories that allow you to better
understand the particular services on offer. The first is
Homeowner's Insurance, which incorporates all the home insurance
deals providing cover for the actual buildings of your private
residence themselves, including any outbuildings and swimming
pools.
The second, then, is
Household Insurance, which allows you
to insure the contents of your house against damage and theft, and
here almost anything can be covered, from electrical equipment, to
furniture, to your own personal effects, depending on the level of
insurance you choose.
At
the end of the day, the reality is that you don't need to look to
the blockbuster Hollywood disaster movies to find an excuse to
insure your home. Insurance deals make even more sense when you look
at various stories in your local newspaper. Crime, weather damage
and freak accidents all do occur, and the question then becomes,
when you think of all the 'what ifs' and 'maybes' that could
possibly come true, is can you really afford to be without home
insurance?
Also see
Car
Insurance
Home
Insurance
Household Insurance
Homeowners Insurance
Glossary of insurance terms
Short term insurance companies
Insurance Brokers (by
Province)
Ombudsman for short term
insurance
History of
Insurance
Definition of
Insurance
Hints & Tips
Insurance Fraudline
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