4 Reasons Why You Need Home Insurance: Essential Cover When You Need It Most
Home insurance is more important than you may realise. Whether you are in the market for a new home, just renting or are already a homeowner, you might want to keep reading to find out just how vital this form of cover is for you and your bank account…
Asking whether or not you need home insurance is sort of like asking whether or not you need to wear a seat belt when driving a car.
If you look at it this way, wearing a seat belt helps protect you in case of an accident and the same thinking applies for home insurance.
Home insurance can help you avoid a whole bunch of trouble and money spending in the long run.
Household insurance will help protect your belongings, your home and your wallet!
What is household insurance?
There are different types of home insurance.
The first of which is known as building insurance. This includes cover for accidental and environmental damage that may occur to the physical structures on your property, including your home and any outbuildings.
The second is household items or contents insurance.
Home contents insurance covers the items in your home that you would take with you if you moved.
A home insurance policy is a contract between you and your insurance company that will cover you in a whole bunch of different situations such as damage and theft.
This form of cover will protect you and your home if you are left to recover or repair the damage.
Why you need household insurance
Whether you are renting or are a homeowner, you will want to make sure you are covered for the unexpected. And here’s why…
1. Home insurance will protect your home
If you have just bought a house or built your dream home, the chances of you having some spare cash lying around in case of an emergency are pretty low.
So, what happens if you need to rebuild or repair something? Where will you get this cash from?
If an unexpected disaster takes place, like a fire or a thunderstorm and your house is damaged in some way, you will save thousands (if not hundreds of thousands) on expenses if you have home insurance.
2. Home insurance will protect your personal belongings
Not only does home insurance protect your actual house, but it also protects the valuable items in your home that you have been collecting and saving up for over the years.
In case of loss, damage or theft, you are covered. It’s a pretty major dilemma if someone breaks into your home and steals something valuable, such as your flat-screen TV you waited until Black Friday to buy, or worse, your gaming station.
3. It will cover you for things you might not expect
Did you know that home insurance includes cover for impact damage to your home? For example, if a car drives into your home, your insurance will cover it.
It also includes cover for:
● Natural disasters
● Water bursts and leaks
● Theft and attempted theft
4. Home insurance helps you get a good night’s sleep
You know those nights where you just can’t sleep because your brain keeps thinking about the worst-case situations? Like the ones where thieves break into your home? Or a fire burns it down? Your imagination really can run wild.
Home insurance cannot stop bad things from happening, but it can ensure you are covered against them. And this will help give you the peace of mind you need to get a good night’s sleep.
So, do you really need home insurance?
The simple answer, yes!
And if you are thinking that investing in something right now for something that may or may not happen is a waste of money - then you may want to look at this example…
Let’s say you and your family are sound asleep in your home, and while you are in dreamland, some thieves get passed your electric gate, alarm and burglar bars and steal some of your precious belongings. The cost of items stolen amounts to R15 000 (your TV, computer, electric appliances and some personal items). Nevermind the cost of damage from the break-in - broken windows, burglar bars and more.
The total cost is R35 000 of damage and theft.
Do you have that kind of cash lying around right now to afford to repair your house and replace your belongings?
And even if you do have that kind of spare cash, chances are you would rather spend it on something like a vacation. Right?
The point is that you need home insurance, like right now.
Home insurance that’s hassle-free
If you are looking for home insurance that is affordable, easy to understand and easy to use, then get in touch with Oneplan today.
The best part is that we let you choose how much cover you want every month based on a price you can afford.
Yours in hassle-free household insurance,