Hollard’s answer to insuring your household*

Accidents happen and wise people think ahead about how to protect their family’s finances when calamities such as natural disasters or theft strike. Hollard ensures many facets of Namibian lives, of which homes and gardens are the focus in this edition. In this article, the most vital aspects of a household contents policy are highlighted. Your insurance broker will gladly explain in more detail how Hollard can ease your worries. In all dealings, the formal contract between you and Hollard will form the basis of collaboration.

Household contents
The contents of your household are a major concern and should be insured against loss or damage. This includes household goods, personal property, personal equipment. Loss or damage due to fire, lightning or explosion, storm, wind, water, hail, snow or flood, leaks, flooding, impact, malicious damage, theft or attempted theft are covered. Household contents will not be paid for if there are no signs of forcible and violent entry. N$20 000 or more is considered good coverage.

High-risk items
Items with particular value, such as jewellery, watches, works of art, cameras and TV sets, should take priority. The correct value of the items is crucial in determining the insurance you need. Insurance companies place an overall limit on such high-risk items. If items were stolen from your home, yet there are no signs of forcible and violent entry, you need to prove that an event of theft occurred. However, we recommend that you specify smart devices under the “All Risks” section of the policy.

Electricity failures
Power surges often cause accidental damage to electrical and electronic equipment and a good coverage would be N$30 000 a year.

Accidents
Accidental damage to household goods, excluding mechanical, electrical or electronic breakdowns, usually forms about 20% of the sum insured. This is seen to be goods such as television sets, DVD players, decoders and sound-producing equipment, excluding cameras and photographic equipment; television aerials or satellite dishes; mirrors or sheet-glass that form part of any article of furniture. Damage by pets is not usually covered.

Leaking pipes
Hollard will pay for any additional charges on your municipal water bill that result from leakage of underground pipes on your property to the sum of N$5 000.

Outdoor goods
Cover for theft of items designed to be left outdoors should be in the region of N$30 000 in a 12-month period. This is for items relating to your patio, swimming pool and garden.

Gardens
Garden damage can be covered up to N$10 000 for trees, plants, shrubs and irrigation systems affected by fire or explosion, extinguishing of a fire or impact by a vehicle or aircraft.

*Terms and conditions apply.