What is home insurance?

Home insurance is a type of insurance that helps protect your home and belongings against unexpected events such as fire, theft, storms, and certain types of accidental damage.

Your home is often one of your most valuable assets. Home insurance helps provide financial protection against unexpected losses, reducing the cost of repairing, rebuilding, or replacing damaged property.

Do i need home insurance?


Home insurance can help you:

  • Your home is often one of your most valuable assets. Home insurance helps provide financial protection against unexpected losses, reducing the cost of repairing, rebuilding, or replacing damaged property..

  • Including walls, roof, floors, garages, and permanent fixtures.

Cover the rising cost of expenses

  • You pay a premium to your insurer, and if an insured event occurs, you can submit a claim. If approved, the insurer will help cover the cost of repairs, rebuilding, or replacement according to the terms, limits, and exclusions of your policy.

Home insurance FAQs

Frequently asked questions

What does home insurance cover?

  • CDamage to the building (walls, roof, fixtures)
  • Household contents (furniture, electronics, clothing)
  • Liability for injury or property damage to others
  • Fire and weather-related damage
  • Theft or burglary
  • What is the difference between buildings and contents insurance?

  • Accident damage
  • Buildings insurance covers the structure of your home./li>
  • Contents insurance covers your personal belongings inside the home.
  • Do I need both buildings and contents insurance?

    If you own your home, it is often recommended to have both. If you rent, you typically only need contents insurance.

    Does home insurance cover theft?/h4>

    Yes, most contents insurance policies cover theft or burglary, subject to policy terms and security requirements.

    Are natural disasters covered?

    Many policies cover events like storms, lightning, hail, and fire. Coverage for floods or earthquakes may vary depending on the insurer and policy.

    How are home insurance premiums calculated?

  • Location of the property
  • Value of the home and contents
  • Security features
  • Claims history
  • Level of cover selected