Get your most prized assets protected. The three most important things to protect are your family, your property and your belongings. Unforeseen events can and do happen, but with the right insurance you will be protected. Read on and find out what insurance you need.
Insurance products you need as a homeowner
We have insurance products to suite all your needs.
Life Insurance
Protects your family in the event that something happens to you and you can no longer repay your home loan.
What it covers:
- Death (natural or accidental death).
- Permanent or temporary disability.
- Terminal illness (should you be diagnosed with this)
Some home loans require that you to take up a life insurance policy.
Homeowners comprehensive insurance
Protects the structure of your property and its permanent fixtures and fittings.
What it covers:
- Damage or loss caused by storms, floods, fire, explosion, earthquakes, bursting or overflowing geyser/s, malicious damage and break- ins.
- Damage caused by vehicles and falling trees..
- Rent you would lose should your tenant move out because of an event that’s covered by the policy
Homeowner’s insurance is often required for a home loan except for Sectional Titles.
Home contents insurance
Protects all your belongings in your house.
What it covers:
- Personal belongings.
- Damage or loss caused by fire, power surges, explosions, storms, bursting or overflowing geysers, theft or malicious damage
- Theft of garden furniture and/or washing
- Loss or damage to your domestic worker’s or a guest’s belongings because of a break- in.
Tips for you to keep top of mind
Insurance is a necessity
Your insurance helps protect the people and the belongings that are important to you. It covers you against unexpected events and gives you peace of mind. Having all your cover in one place could be cheaper and is always easier.
So be sure your insurance covers all your needs and offers you the assistance you might need to enjoy your home, your possessions and most importantly, your life!
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Need more help or advice?
Let one of our property experts call you back.
Call us on:
0860 111 007
E-mail us at:
General account enquiries: home@absa.co.za
Home loan applications: propertyhub@absa.co.za
Battling to make home loan repayments: bondrs@absa.co.za
Homeowners comprehensive insurance: adminhoc@absa.co.za
Life insurance: polserv@absa.co.za