This type of insurance cover is designed for the protection of your possessions in the event that they are stolen or damaged. If you’re a victim of theft, fire or flood damage, having to replace all that you own adds insult to injury.
As a general rule, your contents are the things that could be taken with you if you decided to move house.
This may include cover for your belongings, such as: beds, sofas, furniture, DVDs, CDs, books, pots, pans, cutlery, crockery, TVs, laptops, clothes and jewellery.
By getting home contents insurance you are able to get cover against theft, intentional damage to your valuables, as well as damage caused by a power surge or a burst geyser.
The cover that you get should be inflation-linked to ensure that your contents won’t be under-insured.
Nedbank Home Contents Insurance is specifically designed to protect the possessions that you love.
Through this service, Nedbank will give you the financial support you need to replace items. It offers a cost-effective solution, if you consider how much you could lose in the event that your home contents are stolen or damaged as a result of fire.
You have the option to get alternative risks cover for items you take out of your home.
Two types of home contents insurance cover are provided
- Basic cover
- Comprehensive cover
If you are buying your home through the bank, you should consider getting this insurance.
This type of insurance covers loss or damage to all the things in your home which are not part of the structure or the building so you can replace and repair them without having to spend a fortune.
How to improve the claims process
Keep photographs and a description of valuable items, making a note of any serial and model numbers.
Make sure that you understand the policy completely and that you know how to get hold of your insurance company should you need to claim.
For more information about Nedbank Home Contents Insurance, visit www.nedbank.co.za