Domestic(Home) Package Insurance

About Domestic Package Insurance

A domestic or home package insurance provides coverage for your home and its contents against various risks. Many individuals own and occupy houses, and may require cover in respect of, for example, fire, special perils, theft, money and legal liability. Such cover may be grouped together into a single policy document covering buildings and/or contents against this range of perils. These are all standardized and there is little scope for variation, except in the sum insured.

Types of cover provided

Building insurance.

Buildings, in respect of household insurance, may be defined as the main structure of the private dwelling (house etc.) and includes garages, sheds, greenhouses and other outbuildings. Swimming pools, walls, gates, fences and paths.

Covers available in respect of buildings are

Fire

lightning

explosion and earthquake

Escape of water, Storm or flood etc.

Contents insurance.

Contents, in respect of household insurance, may be defined as household goods and personal effects belonging to the insured or a family member living in the property.

The perils covered under the contents section are basically the same as those covered under the buildings sections, although there are certain minor differences which should be noted.

Theft or attempted theft of cash, currency, bank notes and stamps is generally excluded if it does not involve forcible and violent entry or exit.

Theft or attempted theft by deception is normally excluded, unless the only deception used is to get into the home.

Theft or attempted theft while the building is lent or if the building is unfurnished, is normally excluded if it does not involve forcible and violent entry or exit.