Property Insurance Explained

Property policies are in general being classified into 3 major types.

Type	Features	Usage
Basic Fire	This policy provides the entry level coverage : Loss or damage to building due to fire, lightning or explosion caused by gas used for domestic use	Most basic cover Low premium cost
House Owner	This policy provides coverage against claims : Loss or damage to building due to fire, lightning or explosion caused by gas used for domestic use Loss or damage to building due to burst pipes, over flow water tank, theft Loss or damage to building due to windstorm,flood, earthquake Loss or damage to building by aircraft, road vehicles or animals	Coverage to building & structure Affordable premium for a Good coverage
House Holder	This policy insures the property owner against : Loss or damage of household goods or personal effects against burglary, theft	Coverage of the household contents Compliment the houseowner policy.

Type

Features

Usage

Basic Fire

This policy provides the entry level coverage :

Loss or damage to building due to fire, lightning or explosion caused by gas used for domestic use

House Owner

This policy provides coverage against claims :

Loss or damage to building due to fire, lightning or explosion caused by gas used for domestic use
Loss or damage to building due to burst pipes, over flow water tank, theft
Loss or damage to building due to windstorm,flood, earthquake
Loss or damage to building by aircraft, road vehicles or animals

House Holder

This policy insures the property owner against :

Loss or damage of household goods or personal effects against burglary, theft