In our guide today, we will look at the Absa homeowners insurance in South Africa.
As a homeowner, you need to protect your most valued assets: your family, property, and possessions.
The homeowner’s insurance is the best cover to protect your home against loss or damage or even the death of a loved one.
We will show you the insurance products you need as a homeowner.
Absa Homeowners Insurance
This insurance will protect you and cover your home loan repayments in the event of death, disability, or terminal disease.
The cover will protect your family financially by covering any outstanding debt on your property if anything happens to you.
The death benefit covers both natural and accidental death.
The disability benefit covers both temporary and permanent disability.
You will get compensation if diagnosed with a chronic illness.
You are guaranteed to get compensated without the need to provide medical evidence.
You can also increase the insured amount anytime you want without providing any medical evidence.
This is all about the Absa homeowners’ life insurance in South Africa.
Homeowners Comprehensive Insurance In South Africa
This cover protects the structure of your property and its permanent fixtures and fittings against damage or loss.
You are covered against loss or damage by storms, floods, fire, explosion, earthquakes, bursting or overflowing geysers, break-in, and malicious damage.
You will also be compensated for damage caused by vehicles and falling trees.
The policy will cover you for the rent you lose if a tenant moves out because of an event covered in the policy.
This is how the Absa homeowner’s comprehensive insurance works in South Africa.
Home Contents Insurance
This cover protects all your personal belongings in your house.
You are covered for damage or loss caused by fire, power surges, busting or overflowing geysers, theft or malicious damage, and explosions.
Your garden and washing furniture are also covered in this policy.
If your domestic worker or guest loses belongings from a break-in, they will also be compensated.
You will get a security guard to safeguard your property after a break-in to your home.
You have 24-hour electrical, plumping, and emergency assistance for your home.
This is all you need to know about the Absa homeowner’s insurance in South Africa.