Insurance Policies for Residential Property Series - Type of Insurance Policies

Generally, there are three main types of policies to protect your property and household goods: -

Fire Insurance Policy
Fire insurance policy covers loss/damage to your property building and contents caused by fire, lightning and explosion of gas used for domestic purposes only. Click here to read an article posted highlighting the risk and perils.

Houseowner Policy
This policy covers your building, including its fixtures and fittings, garage, walls gates and fences, against several specified risks.

Householder Policy
This policy covers your household goods only, i.e. the moveable possessions in your property, against specified risks.

If you wish to have comprehensive cover for both property and its contents, you should buy both houseowner and householder policies.