HOUSEHOLD POLICY
Types
basic fire policy
house holder policy
house owner policy
TYPES OF PAYMENT
REPLACEMENT VALUE
NEW FOR OLD
SCOPE OF COVER
Relates to movable possessions such as furniture and electrical appliances
Covers the financial cost of repairing or replacing your household personal possessions, including furnishings from accidental loss or damage.
Belonging to You or any member of
Your Family normally residing with You
CONTENTS OF POLICY
Loss/ Damage to Contents
Damaged to Mirrors
Property Temporarily Removed
Compensation for Death of the Insured
Servant’s Property
SETTLEMENT OF CLAIM
No Right of Claim from Any Other Person
Limit to Three (3) Paying Guest only
Insurable Interest
Market Value
CLAUSE
Temporary Removal Clause
(Content of Private Dwelling)
GENERAL EXCEPTIONS
GENERAL EXCEPTIONS 1
War, invasion, act of foreign enemy,
hostilities, or warlike operations
GENERAL EXCEPTIONS 2
Caused by cessation of work, or by confiscation, commandeering, requisition or destruction of or damage to the property by order of the government de jure or de facto or any public municipal or local authority of the country or area in which the property is situated
GENERAL EXCEPTIONS 3
Not cover Consequential loss or damage of any kind except Rent Insurance.