FIRE INSURANCE

About Fire Hazard Insurance

Banks and lending institutions require that a fire hazard insurance policy (*) be in effect when you take title to your new home. However, even if you are making an out right cash purchase, you would want your investment protected from the first minute you own the property. The adequacy or inadequacy of insurance protection is determined by present day replacement cost of the dwelling being insured. Please! Do not confuse insurable value with the purchase price, it is not the same, it would be wasteful to buy more insurance than you need but far worse, inadequate coverage can be costly to you even if you have a small loss. We will be happy to assist you in making your decision of how much coverage is needed for your home. Other common requirements may be:
1. An original insurance policy or insurance binder. 2. A mortgage clause stipulated by the bank or lending institutions naming them as mortgage must appear on the insurance documents. 3. A paid receipt for the first year's premium. 4. They may even want possession of the insurance documents before they set a closing date. As the owner and occupant of your home your insurable interest are different than the mortgage. To accommodate the differences homeowners insurance replaced the old fire hazard insurance policy. The most commonly written homeowners policy today are Special Form /or/HO3. Homeowners insurance offers a package of coverage's. For it includes protection against several types of losses at a great discount. * (Min. of broad extended coverage)Fire InsuranceEnjoy 15% discount online.
What is Fire Insurance?
Fire Insurance covers your home's structure, or fixing and fittings, against hazard and provides you with the financial resources to replace what you have lost, so that you can get back to normal as soon as possible.
Features
Apply online now and receive a 15% discount on the first-year Fire Insurance premium and instant approval
Choose from 2 fire insurance plans with different coverage levels according to your needs. Receive coverage from fire outbreak, lightning and the loss and damage resulting from typhoons, windstorms and floods.
Risks such as landslides and subsidence are also covered.
Please refer to the DICTIONARY for exact terms and conditions and details of the exclusions.
What else should I know?
Fire Insurance