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HOUSEOWNERS INSURANCE

The SRIC Houseowners’ Insurance covers the insured buildings, immovable fixtures and fittings, outbuildings, walls, gates, fences (hedges not included) on the same premises and used solely in connection with the insured house. All the above are covered against loses or damage resulting from either of the following: Accidental damage to structure of house, fire & lightning, power surge, earthquake, bursting or overflowing of water tanks/pipes, riot, strikes & malicious damage, storm, wind, water, hail or snow, explosion, accidental impact & falling objects, housebreaking, theft or attempted theft accompanied by actual forcible and violent entry or existing from the building at the premises.

This policy also covers property related extensions, such as, derbies removal, costs of removal of fallen tree, architect and surveyors fees.

Pricing examples for standard constructed houses;

SUM INSURED (value of the house) PREMIUM/ YEAR
E100,000.00 E350.00
E300,000.00 E900.00
E800,000.00 E2,400.00

HOUSEHOLDERS INSURANCE

This policy covers the insured against loss or damage of immovable household property due to accidental damage to structure of house, fire & lightning, earthquake, bursting or overflowing of water tanks/pipes, riot, strikes & malicious damage, storm, wind, water, hail or snow, explosion, accidental impact & falling objects, housebreaking, theft or attempted theft accompanied by actual forcible and violent entry or existing from the building at the premises.

SRIC also covers loss or damage of office contents.

Pricing examples;

SUM INSURED (value of the households) PREMIUM/YEAR
E40,000.00 E1,080.00
E50,000.00 E1,230.00
E100,000.00 E1,980.00
E150,000.00 E2,730.00

Documents required when taking up the insurance policy

ADVISERIES

Risk management measures on property insurance

  1. Roof maintenance -The insured must ensure that the roof structure is in good condition. This entails periodic inspections to determine if all IBR sheets or any roofing materials are not loose, but are properly affixed to the roof timber. Gutters and down-pipes must be cleared/freed of any blockages to prevent water ingress damage.
  2. Re-channeling of rain water run-offs. -The Insured must ensure that surface rain water is properly managed to safe-guard the property from flooding.
  3. Fire-fighting Equipment -Ensure households have at least basic fire-fighting equipment to deal with small household fires which may escalate into disasters if uncurbed at point of ignition.

Premium payment options available

General information

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