Do you want to know how the Absa structural insurance works in South Africa? Then check out this guide.
You need insurance to protect your structures, whether it’s a building in progress or they are already established structures.
Absa has covered your insurance needs by offering you structural insurance that protects your structures against unplanned events like damage and loss from fire, leaking geysers, and theft.
We will first show you the types of structural insurance.
What Are The Types Of These Policies?
Two types of Absa structural insurance are idirect and activate the insurance.
The idirect insurance can be accessed with an amount as low as R500.
You are covered for geyser leakages by an expert from the insurance company or recommended one.
This insurance covers damages caused by lightning, fire, power surges, and vandalism to your structure.
You have access to emergency assistance 24/7.
These are the benefits of the idirect structural insurance in South Africa.
Absa Activate Structural Insurance
You get 24-hour electrical, pumping, and emergency assistance with this cover.
You can buy the policy online through the Absa activate app.
You can also make policy claims from the app.
You will automatically get this cover if you have a car financed by Absa.
This is how the activate structural insurance works in South Africa.
Absa Structural Insurance
The cover protects you against accidental damages to structures and glass windows, and skylights of your property.
You get a personalized call center experience where you can reach out in case of any queries or in the event of an emergency.
The insurance has competitive premiums that are quite affordable.
You will get a replacement value of an item up to the sum you have insured.
There is a cover of up to 25% rent of the total amount you insured in case a tenant moves out due to a risk you have insured against.
There is a fixed excess claim regardless of the amount you are claiming.
You earn up to 20% cashback when you stay for three years claim-free.
This is all you need to know about Absa structural insurance in South Africa.