Home insurance, or Houseowner / Householder Insurance as it is known, is one of the most important insurance policies you can buy in your adult life. Your home is one of the largest financial investment you've made, and that's why it's so important to protect it.
This policy provides you with coverage against loss or damage to insured property (i.e. house, shop and factory) caused by fire, lightning or explosion.
This policy provides additional coverage compared to the basic fire policy. It may include loss or damage due to flood, burst pipes, etc.
This is a policy which covers your household content and includes coverage for fatal injury to you as the insured. This policy does not cover damage to the house itself.
When you're buying insurance for your property, always make sure that your property is adequately insured at all times, taking into account renovations and enhancements made to your property. If you wish to have a comprehensive cover for your house as well as the contents, you should buy a houseowner policy as well as a householder policy.
If you own a strata-titled property, e.g. an apartment, the company managing your apartment building (management corporation) is required to take up insurance under a master policy. Ensure that you get a copy of your individual certificate of insurance for your property to check the coverage taken up under the master policy by the management corporation
If something happens to your home that is covered by your policy, submit your claim with all supporting information and documents to your insurance company. You should also cooperate fully with the adjuster or investigators appointed by your insurance company to assess your claim.