This is physical damage caused suddenly by an outside force which is not expected and not deliberate. This means an unintentional one-off incident that damages your property or its contents. So, general wear and tear or damage that occurs gradually is NOT accidental damage. For example, if you accidentally drop your lap top, this is accidental damage. But, if your laptop stops working because of a mechanical fault or due to its age, this is not accidental damage.
Buildings sum insured
This is the maximum amount of money that can be paid out for repairing or rebuilding your home if it’s damaged by incidents such as flood, fire, storm, impact or theft.
Contents sum insured
This is the maximum amount of money that can be paid out to replace or repair the contents of your home. It includes household contents. It doesn’t include fixed or fitted items of furniture such as fitted kitchen cupboards or fitted wardrobes in the bedroom – these would be covered by your buildings insurance.
High risk items/valuables
These are the items that are considered particularly attractive to thieves, for example, jewellery.
The first amount of each claim that you have to pay. For example, if you have damage to your roof that will cost Kes1mio to repair, but your policy has an excess of Kes100,000 you’ll be asked to pay the excess of Kes 100,000 but be able to claim for Kes 900,000 (the cost minus the excess).
These are the incidents which your insurance protects your buildings and contents against – for example, storm, flood, fire and theft.
Occupiers and public liability
If you (or a family member) injure someone or cause damage to their property as a result of your negligence, you can be held personally liable for any damage you’ve caused. Personal liability insurance protects you against such claims.
The most we would pay for any single event or item. Your policy schedule and policy booklet will provide you with any policy limits that you have, such as high risk items / valuables limits.
Property owners’ liability
This covers costs and damages awarded to someone if they suffer injury or damage to property because of an incident arising from your ownership, but not occupation, of your home.
Proof of ownership
A little-known but vital fact: if you’re going to make a home contents claim, you may need to prove that something was yours in the first place, particularly if it’s very expensive. Some of the documents you might expect to establish ownership actually only prove the item existed, not who it belongs to.
These documents may be acceptable as proof of ownership:
- Receipt – if you paid by Direct Debit or credit card, the till receipt would come with a copy of the card transaction, which instantly tells us who bought the item.
- Invoice – an invoice for goods delivered or work done should be addressed directly to you, and immediately establishes cost and ownership.
- Pre-loss valuation – a valuation carried out on, for example, a piece of jewellery. If you have a valuation done, it’s wise to get your name and address included on it.
- Credit agreement – this should list the item you got credit for and your details.
- Photos – best when the item can be identified with you – for example, a snap with the TV in your front room, or of a piece of jewellery being worn.
The total cost of rebuilding your home if it was completely destroyed, say by fire. It includes the cost of all professional fees, materials and labour, including the cost of demolishing and clearing the old building.
The rebuilding cost is usually less than the market price of a house, because the market price includes the value of the land.
Subsidence is the downward movement of the ground beneath the buildings not due to the weight of the building. Particular problems arise when the movement varies from one part of the building to another, often causing cracks to appear in walls and the building’s structure to become unstable. It’s normally caused by certain soils, trees/shrubs taking moisture from the soil causing it to shrink, or leaking drains.
Wear and tear
Wear and tear is a phrase all insurance companies use. It describes the effects of gradual deterioration on the building or the contents of your home. For example, it would include the damaging effects of sunlight on an item of furniture such as a sofa. You can’t claim on your insurance for damage caused by wear and tear.