Insurance

Protecting your home is an important part of home ownership.
There are various types of insurance and assurance that you need to think about when buying a home or owning a home.

Life policy

It is important that you have the necessary life cover to ensure that your Home Loan debt is settled and to protect your loved ones against unnecessary financial burden in the event of you passing away or suffering permanent disability.

You can cede an existing policy, which you may have, but it is important to remember that it must meet to the banks requirements. The choice of taking up life insurance is solely yours. In some instances cover may be required as a condition of a Home Loan to be granted.

Premiums are determined by taking into account various information such as age, gender and state of health. Make sure that your assurance cover is of best quality, with a credible financial institution, and managed only by the best people.

Home Insurance

This type of insurance covers your home in case of damage caused by storms, floods, fire or other disasters. The premium is usually added to your Home Loan account.