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Simple home maintenance tips may prevent insurance repudiations
Submitted by Michaela on Wed, 2012-04-04 16:19Image/Video:
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Short description:
It is often said that home is where the heart is, yet most people unconsciously overlook important aspects of home maintenance without realising that this could have serious insurance repercussions.
Content:
Homeowners who fail to maintain their homes properly may be exposing themselves to unnecessary risk of having an insurance claim rejected. Damage caused by unforeseen events such as fire or theft are typically covered under most homeowner insurance policies, however if the damage is caused by a lack of maintenance, the insurance claim may be declined.
It is critical that homeowners prioritise their expenditure towards their most important asset. In order to avoid potential insurance claim rejections, consumers should pay attention to the following key areas of the home:
- The Roof
- The Gutter
- The Fireplace
- Safety Equipment
- The Air Conditioner
- The Plumbing
- The Kitchen
- Windows and Doors
- The Garage
- Electrical Wiring
- Pumps
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- 60 reads
Taking care of your home and motor vehicle keys
Submitted by Michaela on Wed, 2012-04-04 12:18Image/Video:
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Please note that House and Motor Vehicle keys are covered in the event of:
- Damage to locks
- The theft or disappearance of keys or remote controls
- The reasonable belief that an unauthorised person may have a duplicated key, cardkey or remote control
The excess stated in your clients schedule for locks and keys will apply.
Content:
Please note that House and Motor Vehicle keys are covered in the event of:
- Damage to locks
- The theft or disappearance of keys or remote controls
- The reasonable belief that an unauthorised person may have a duplicated key, cardkey or remote control
The excess stated in your clients schedule for locks and keys will apply.
However, please inform your clients about their obligations regarding their property and motor insurance. Your clients must take all responsible steps to:
- Prevent accidents, bodily injury, loss or damage
- Keep the insured property safe, and ensure that every item is taken care of and looked after according to its value
- Maintain the insured property in good condition and repair when necessary
An example of negligence would involve keys left hanging on a rack inside a home located near to the entrance and the door or gate is left open for any intruder to access the keys, or hanging the keys in a garage door whilst the garage door is left open, encouraging theft.
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- 77 reads
Treat your home with care
Submitted by Michaela on Tue, 2012-03-13 13:01Image/Video:
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A recent survey found that many home owners are not maintaining their homes – but luckily there are easy things that can be done to keep your property in good order and avoid trouble down the line, experts say.
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Managing director of MUA Insurance Acceptances Christelle Fourie said ”Most home owner insurance policies will only cover damage caused by unforeseen events and regard home maintenance as the responsibility of the homeowner, thus any claims determined as a result of poor maintenance or neglect are most likely to be rejected.”
She said a recent FNB Home Loans survey found that only 41. 5 percent of home owners in South Africa actively maintain their homes, a sharp decline from the 79.5 percent recorded in 2004.
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- 43 reads
Executive Home Insurance
Submitted by byrnie on Wed, 2011-04-13 10:30Department:
Executive Home Insurance
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Innovative and creative - an intelligent insurance solution for individuals with above-average property insurance requirements.
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Innovative and creative - an intelligent insurance solution for individuals with above-average property insurance requirements.
Mass-market personal lines insurance policies do not cater for the specific needs of high net worth individuals, falling short of the standard required in this select market segment. MUA places a great deal of emphasis on correctly underwriting the individual applying for cover. The Executive Home cover follows the winning strategy of service excellence that MUA has successfully implemented in the past.
MUA's Home insurance policy focuses exclusively on the personal insurance needs of high net worth individuals and is specifically designed for people who need more than standard mass-market insurance.
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- 1595 reads
Home - Summary of benefits
Submitted by Admin on Wed, 2011-04-13 05:41Department:
Summary of Benefits
Content:
Some of the high net-worth tailored elements of our policies include:
- Innovative excess structures
- Excess waiver - Individuals over 55, even if employed full-time, enjoy the reward of an automatic basic policy excess waiver for both motor & home.
- Flexible cover options and enhanced features
- Minimum entry level sum insured - buildings, contents and all risks combined R 3 million or a contents minimum of R 750 000.
- Full coverage of accidental damage to both buildings and their contents.
- Comprehensive subsidence and landslip cover at no additional premium.
- Home appraisal service - this is a voluntary service arranged by MUA. Once the valuation is accepted by the insured, MUA removes the average clause.
- International personal luggage cover from airport to airport is included in the contents cover.
- No item limit under Unspecified All Risks Section.
- Our all risk cover is now extended to include normal household goods – covered anywhere in the world.
- Cover is available for contents not contained at insured address.
- Cover for emergency professional extermination of pest such as mice, rats and bees.
- Emergency home & road assistance help lines available 24 hours.
- Claims discount available at inception of cover if you are claim-free for three years or more.
- Receive a premium discount for insuring buildings, contents and motor together.
- Personal liability insurance of R25 million included in our underlying cover, which is extended to include cover against identity theft. In addition, we are able to offer individual insurance cover for executive, exotic and classic motor, watercraft and emergency roadside and home assist – please refer to the above tabs for more detailed information on these covers.
- Flexible pricing and policies written in plain language.
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- 559 reads
