Household Insurance tips

Few experiences are more intrusive than having possessions stolen from your home. Unfortunately, with South Africa’s high crime rate, insuring these items against theft is a necessity. 

 

With household insurance, you’ll get money back to replace items on your policy that have been stolen from your home, such as jewellery, TVs, computers or even your phone.  Although you may consider things such as family heirlooms, antiques or sentimental items irreplaceable, having an insurance policy means you’ll at least have the comfort of knowing you have the money to replace them with something similar. 

Besides theft, goods in your home can also be vulnerable to damage as a result of accidents or natural events such as floods and fire. Having household cover means that should this happen, you’ll have the money to replace them as soon as possible. In this way, you’ll suffer minimum disruption and life can go back to normal as quickly as possible.

Along with protecting your possessions, it’s also important to protect the actual structure of your house against things like accidents, malicious damage or natural events such as floods, snow, hail or fire. In these cases, fixing the damage to your property should be a priority. If you don’t, you’ll be forced to live in uncomfortable and even dangerous conditions. For example, if a structural wall in your house is unstable, this can result in damp and leakage from outside, or even serious injuries if it collapses and people are nearby.

 

Fixing these kinds of problems can be expensive, but with a comprehensive household insurance policy, you’ll have less of a financial burden.

The more expensive your possessions are and the more of them you have, the more your insurance policy will cost you each month. However, if you take certain measures such as having a burglar alarm, security gates and security beams, you can lower the monthly premiums, which is the amount you pay to your insurance company each month. 

 

Bear in mind that if you live in a high crime area, the amount you’ll pay your insurance company each month will be higher than if you live in what’s considered to be a low crime area. 

 

Hollard provides flexible and competitive household contents insurance in South Africa for all your possessions. Read more about our household insurance, or find a Hollard insurance broker now.