Insurance Simplified

Domestic Package

This class of insurance provides protection to the homeowners/tenants against loss or damage to the private dwellings/buildings; household goods and personal belongings.It consist of the following sections:
Section A - Buildings:

Covers the residential buildings including domestic out buildings landlords fixtures and fittings, walls, gates and fences all on the same premises. The scope of cover under this section includes fire and lightning, thunderbolt, earthquake or volcanic eruption flood or overflow of water, subterranean fire, explosion, riot and strike, aircraft or other aerial device, bursting or overflowing of water tank apparatus or pipe, theft accompanied by actual forcible and violent breaking into or out of the premises, impact with the buildings by any road vehicle or animal not belonging to the insured or any member of his family normally residing with him, storm or tempest including flood. The policy can also be extended to cover additional expense of alternative accommodation and loss of rent in the event of the buildings being rendered uninhabitable by any of the perils covered.
Section B - Contents:

Covers household goods and contents against the perils listed under Section A - with the following extensions

Loss of or damage to buildings and landlords fixtures and fittings.
Temporary removal
Additional expense as alternative accommodation and loss of rent.

Section C - All Risks:

Covers loss or damage to property due to fire and allied perils, burglary or accidental damage. This section extends to cover effects when in transit or outside the insured's premises subject to geographical limit as specified in the policy.
Section D – Work Injury Benefit Act Insurance:

Provides cover to the insured in respect of liability/liabilities arising from injury or death to domestic servants while in the cause of their duties. The limits of compensation are as set out in the Work Injury Benefits Act, 2007.
Section E & F - Occupiers and Personal Liability:

Indemnifies the insured against liability at law to pay compensation in respect of accidental bodily injury (including illness) and damage to a third party property excluding insured's family and members of his household.

Domestic Package policy.

This is a kind of a combined policy for home owners. It covers the building itself, contents whilst in the house and outside the house, House servants against death or injury whilst in the course of employment and personal legal liability to third parties.

REASONS WHY A MOTOR CLAIM CAN BE REJECTED.
1)Material non-disclosure at underwriting stage. Jooste says your claims record, a break in insurance cover, prior applications for cover being rejected, and judgments on your credit record are all material to the assessment of your risk, and it is imperative that you disclose such information. For example, people with a bad credit record have a higher propensity to file fraudulent claims than people with a clean credit record, he says. “If you lie and it comes out later, your claim may be rejected.
2) Vehicle used for business. If you plan to use your vehicle for business, you need to disclose this to your insurer. “In my experience, insurers are very reasonable about this, and don’t look to load your premium if you seldom use your vehicle for this reason.”
3)Unroadworthy vehicle. If you have an accident and your insurer finds out your wipers didn’t work or your tyres were smooth, your claim could be rejected on the basis of your car being in an unroadworthy state.

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There are three types of cover under motor insurance.
1. Motor Third party- This cover protects you against third party losses including death, bodily injury and/or property damage.
2. Motor Third party Fire and Theft- This cover protects you against all third party risks mentioned above in addition to loss and/or damage to your vehicle due to theft and fire.
3. Motor Comprehensive- This protects you against the third party’s death, bodily injury and/or property damage as well as loss/ damage to your vehicle due to accidental fire, theft or an accident. Link to our website to learn more (www.ira.go.ke)
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Planning on owning a vehicle? Here is what you need know about motor insurance. Motor insurance covers you against loss or damage to your own vehicle due to accidental fire, theft, accident, third party bodily injury or death and third party property loss or damage. Link to our website to learn more (www.ira.go.ke)
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Remember to give accurate information every time you are purchasing insurance. Giving inaccurate information violates the principle of good faith in insurance which leads to termination of your policy.

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To purchase the right insurance cover, identify your risks and needs and prioritize them. Remember that not all risks are insurable.

Tips on how to lodge an insurance claim.

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