Page 48 - Steps to Success
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as storms, hail and lightning. You want to have insurance to cover
you in the event of a geyser
bursting and the overflow causing damage to the ceiling, cupboards
and/or carpets
o If you have an existing home loan or intend taking out one, you
will need comprehensive
homeowner’s insurance on the property. This is a requirement of
the finance institution that issues your bond
4.2.2 What's in it for me?
o Affordable. Cover that provides you with comprehensive cover
at competitive rates
o Peace of mind. Your most valuable asset is insured against
sudden and unforeseen events
o 24-hour emergency assistance. in the event of a claim
o Convenience. Your homeowner’s insurance premium can be
included in your monthly home loan repayment or paid by
means of a debit order.
o Maintain your current financial status. You don’t have to worry
about finding thousands of rands to make repairs to your home
when disaster strikes
4.2.3 What does building insurance cover?
