Personal insurance
Everything about
buildings insurance
Looking for top-notch cover for your home and its outbuildings? Look no further than the king’s royal buildings insurance!
Everything about buildings insurance
Looking for top-notch cover for your home and its outbuildings? Look no further than the king’s royal buildings insurance!
In a nutshell
Under buildings insurance you’re covered for damage to the physical structures on your property, such as your home and its outbuildings.
What’s covered by the king
Under the king’s buildings insurance, you’re covered for:
In a nutshell
Under buildings insurance you’re covered for damage to the physical structures on your property, such as your home and its outbuildings.
What’s covered by the king
Under the king’s buildings insurance, you’re covered for:
Fire
Explosion
Acts of nature
Malicious damage
Animals (not domestic animals & pets)
Aircraft and articles dropped from them
Cars
Falling trees (but not while being felled)
Power surges and dips
Theft and other intentional acts
We also offer cover for things like
We also offer cover for things like
Geysers and water pipes
Fire brigade charges
Temporary accommodation
Subsidence
Geysers and water pipes
Fire brigade charges
Temporary accommodation
Subsidence
Understanding under-insurance
If you insure the building for an amount less than its replacement value, we’ll pay your claim out proportionately.
So, if the value of your building is R400,000 and you only insure it for R200,000, you’ll only be compensated for 50% of your loss.
Psst, please make sure that your replacement value is realistic so that you’ll have enough cover when you need it. Remember, it’s always better to be over-insured, than under-insured!
Understanding under-insurance
If you insure the building for an amount less than its replacement value, we’ll pay your claim out proportionately.
So, if the value of your building is R400,000 and you only insure it for R200,000, you’ll only be compensated for 50% of your loss.
Psst, please make sure that your replacement value is realistic so that you’ll have enough cover when you need it. Remember, it’s always better to be over-insured, than under-insured!
What’s not covered by the king
Unfortunately, the king doesn’t cover things like:
What’s not covered by the king
Unfortunately, the king doesn’t cover things like:
Non-compliance with building regulations
Scorching
Thatch roofs
Sewerage/waste pipes
Unoccupied buildings
Non-compliance with building regulations
Scorching
Thatch roofs
Sewerage/waste pipes
Unoccupied buildings
Insure your buildings for what they’re worth
The insured value noted on your policy schedule is the maximum amount that we’ll pay for any of your buildings insurance-related claims, less the excess amounts payable by you, and less any dual and under-insurance.
You need to insure your buildings for their replacement value. This means the amount that it'll cost you at the time of the claim, to repair or rebuild your property with new materials, also providing for the outbuildings, walls, swimming pool, etc.
The replacement value must also provide sufficiently for the following possible additional costs:
Insure your buildings for what they’re worth
The insured value noted on your policy schedule is the maximum amount that we’ll pay for any of your buildings insurance-related claims, less the excess amounts payable by you, and less any dual and under-insurance.
You need to insure your buildings for their replacement value. This means the amount that it'll cost you at the time of the claim, to repair or rebuild your property with new materials, also providing for the outbuildings, walls, swimming pool, etc.
The replacement value must also provide sufficiently for the following possible additional costs:
Professional and municipal fees