81% of homeowners and renters are exposed to significant financial loss because their insurance does not cover them to resume the same standard of living in the event of a crisis.
When comparing the market, Home Insurance policies can be classified into 3 broad types:
- Defined Events Insurance:
Defined Events insurance policies cover certain events, such as fire, wind, water, storm, earthquake, cyclone, malicious and impact damage and burglary. - Accidental Loss or Damage Insurance:
Accidental Damage Home Insurance is a broader coverage providing coverage for any damage unless excluded, and if it is not excluded, insurance cover is provided. - Prestige or Luxury Home Insurance:
For clients understand that with all things of quality, there may be a premium to be paid but the value is recouped if there is ever a claim to be made.
