HOUSEOWNER/ HOUSEHOLDER INSURANCE

Introduction

This is a policy specially designed to cover your residential property and it provides cover for the building and its contents.

Scope of Cover

The standard policy covers loss or damage to property insured caused by the following perils:

• Fire, Lightning, Thunderbolt and Subterranean Fire
• Explosion
• Aircraft
• Impact by road vehicles not belonging to or under the control of the Insured or any member of his family
• Bursting or Overflowing of Domestic Water Tanks and Apparatus or Pipes
• Theft,  but only accompanied by actual forcible and violent breaking entering  or out of a building or any attempted threat
• Hurricane, Cyclone, Typhoon and Windstorm 
• Earthquake and Volcanic Eruption
• Flood

The policy contains 2 sections, Section I and II, Section I applies to insurance on the building and Section II applies to insurance on contents.

SECTION I

Loss or Damage to private Dwelling.

Definition of Private Dwelling

The Private Dwelling includes all :

• Domestic offices
• Stables
• Garages
• Outbuildings on the same premise
• Landlords fixtures and fittings therein
• Walls, gates and fences

SECTION II

A. Loss or damage to contents

Definition of contents:

• Household goods and personal effects of every description
• belonging to Insured or any member of his family

B. Property Temporarily Removed
C. Damage to Mirrors
D. Compensation for Death of the Insured
E. Servants' Property

Apart from Section I and II, the policy also contains Section III which is applicable when either Section I and/or II is taken-up.

SECTION III - Other Contingencies

A. Rent Insurance
B. Liability to the Public

Warranties

The following mandatory warranties are applicable to the policy.

• Restriction of Merchandise Warranty.
• Premium Warranty

For further information about this product, please contact our nearest branch and our customer service staff will gladly assist you.