Image Courtesy Insurance Guru Getting home insurance is the difference between someone who loses it all and has nothing and someone who has something to fall back on. In this article we will talk about a few of the Home insurance packages you will run into in Kenya.
But first, what does it mean to get home insurance? What does it cover and what does it exclude? Well, as is for most of the insurance companies and packages, here’s what you expect to be insured at a domestic level. The terms may change depending on what package you sign up for but these should be the bare minimums. Household Goods Insured
Furniture, fixtures, fittings, clothing, cutlery, crockery, kitchen equipment, entertainment equipment, refrigerators, and televisions.
Jewellery, laptops & computers, tablets, cameras, wristwatches, mobile phones and all other portable electronic items, pedal cycles.
Excluded from the cover:
Documents of all kind: Deeds, bonds, promissory notes, securities for money, stamps and manuscripts,.
Cheques, bills of exchange, cash, currency notes and coins.
Motor vehicles and accessories
Livestock
Medals
Any part of the structure or ceilings of the buildings, wallpapers and the like or external television and radio antennae, aerial fittings, masts and towers. Causes of damage accepted: Natural Causes: Fire, lightning, thunderbolt, earthquake or volcanic eruption or subterranean/underground fire, subsidence or landslip. Explosions Riots and strikes Falling Trees The collision with the building by aircraft and other vehicles Strong winds Theft Let’s take a look at some of the packages offered: Safaricom Home Insurance Plan The Telco is in conjunction with Jubilee Insurance Company of Kenya and is offering an annual home insurance package. This offer extends only to Safaricom Home Fibre customers with and you can pay for your premiums monthly.You may subscribe to the Service by Dialing *400#, selecting “Home Insurance” and following the steps. Cost Hero Plus: Sum Insured; KES 250,000 Cost, KES 3,000 annually or KES 250, monthly Pro Guard: Sum Insured: KES 500,000 Cost KES 5,700 annually or KES 475 monthly Fortified Guard Sum insured: KES 1,000,000 Cost, KES 16,200 annually or KES 1,350 monthly You may read more about the terms here Housing Finance Group Home insurance under Housing Finance cover comes in two parts – buildings insurance and contents insurance. Buildings cover insures your bricks and mortar while contents cover could protect your belongings. Requirements Duly completed and signed proposal form Company certificate of registration PIN certificate […]
