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Home Insurance

HOME INSURANCE

Whether you know it as home insurance, homeowners or building insurance, Compendium safeguards you in the event of damage to your property, its structures and features. We provide the protection that gives you the peace of mind to get out there and explore.

If you are looking for information on insuring the contents of your home, click here

For a home insurance quote, fill in the form alongside.



Home insurance definition: The buildings of your private home and all outbuildings on your premises. Also included are fixtures, fittings, walls (excluding dam walls), gates, gate motors, intercom and security systems, fences (not hedges), swimming pools (but not the water or portable swimming pools), swimming pool filters, safety nets, covers, pumps, sauna baths, spa baths, hot tubs, tennis courts (but not clay, gravel or grass surfaced tennis courts), ornamental ponds and fountains, borehole motors, underground pipes and cables, public supply connections, satellite dishes, aerials, antennae, air conditioning units, irrigation systems, solar heating systems, brick, tar and concrete driveways paths and patios on your premises.

Calculating the sum insured: The sum insured should represent the rebuilding costs of all buildings and improvements on your property, including driveways, walls, extensions, swimming pools, etc. Items such as air conditioners, fitted carpets and eye-level ovens should also be included. Market value often differs significantly from rebuilding costs and is not the figure on which to base your insurance. Important note: In calculating the sum insured, provision should also be made for demolition costs, professional fees and public authority requirements.

Cover includes: Damage cause by fire, lightning, explosion, storm, wind, rain, hail, snow, water or earthquake. Bursting, leaking or overflowing of water or heating installations or pipes or geysers including damage to the heating installations, pipes or geysers. Accidental impact. Theft or attempted theft of fixtures and fittings in or on your building. Malicious damage caused to your building.

Building cover excludes damage or destruction to retaining walls unless such property was erected in terms of architectural or engineering specifications.

To speak to one of our brokers, contact us on 031 242 6800, or fill in the Request a Quote form.

 

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