Private Property Insurance

Private Property Insurance: Comprehensive Coverage for Owners and Tenants

Protecting your property, whether owned or rented, is essential for financial security and peace of mind. Understanding the appropriate insurance coverage ensures that your assets and liabilities are adequately safeguarded.

In the unfortunate event of a claim, our dedicated team is here to assist you through the process, ensuring a smooth and efficient experience. Should an incident occur, you might wonder whom to call—facing automated answering machines, long waiting periods, and extended claims processes can be frustrating. Let us take charge and represent you, providing prompt and personalized assistance.

For Property Owners:

Fire and Allied Perils (FAP) Insurance: This policy protects your building against damages caused by fire, lightning, explosions, natural disasters, and other specified hazards, maintaining the structural integrity and value of your property.
Mortgage-Linked Property Insurance: When purchasing a new property with a loan, lenders typically require property insurance as a condition of the mortgage. We can recommend the best property insurance tailored to your building's needs at competitive rates, ensuring compliance with bank requirements and comprehensive protection.

For Tenants:

Fire and Allied Perils (FAP) Insurance: While landlords usually insure the building, tenants can obtain FAP insurance to protect their personal belongings against fire and other specified perils. Additionally, having FAP insurance can protect tenants from legal implications arising from damages, shielding them from potential claims by the insurance company or the property owner.
All Risks Insurance: Provides broader coverage for your personal possessions against accidental loss or damage, both within and outside your rented home.
Burglary Insurance: Safeguards your valuables against theft involving forcible entry, offering financial compensation for stolen items.
Public Liability Insurance: Protects you against legal liability for accidental injury to third parties or damage to their property occurring within your rented premises.

Additional Coverage Options for Both Owners and Tenants:

To enhance your protection, the following is included in your Base Package Policy:
Debris Removal: Covers the costs of clearing debris after damage, ensuring safe and efficient site cleanup.
Architects' and Consulting Engineers' Fees: Provides for professional fees necessary for the reinstatement or repair of damaged property, facilitating accurate and compliant reconstruction.
Capital Additions: Extends coverage to newly acquired or erected buildings, machinery, and plant additions, ensuring all assets are protected as your property portfolio grows.
Escalation Clause: Accounts for inflation and rising costs, adjusting the sum insured to reflect current replacement values, preventing underinsurance.
Claim Preparation Costs: Covers expenses incurred in preparing and certifying insurance claims, assisting in a smoother and more efficient claims process.
Common Perils Covered (Part of the Fire and Allied Perils Package):
Fire: Protection against damage or loss caused by accidental fires.
Cyclone: Coverage for destruction resulting from cyclones and related windstorms.
Riot, Strike, and Malicious Damage: Insurance against losses due to civil commotions, strikes, or intentional damage by third parties.
Earthquake: Safeguards your property against seismic activities leading to structural damage.
Impact: Covers damages caused by vehicles, animals, or falling objects impacting the property.
Flood: Protection from water damage due to flooding events.
Aircraft Damage: Covers losses resulting from aircraft or aerial devices crashing into the property (excludes supersonic waves).
Bursting or Overflowing of Water Tanks: Insurance against water damage caused by the bursting or overflowing of water tanks, apparatus, or pipes.

Investing in Private Property Insurance

Investing in private property insurance is a prudent decision to shield your assets from unexpected events. Understanding the different types of coverage—Fire and Allied Perils, Property All Risks, and Cash on Premises—enables you to make informed choices that align with your protection needs. Additionally, being aware of bank requirements for property insurance is essential when securing a mortgage or loan. Ensure you review policy details carefully and consider professional advice to secure comprehensive coverage for your property.

Why Choose Safehands Ltd for Your Property Insurance Needs?

Expertise and Personalized Service:

At Safehands Ltd, we understand that each client's situation is unique. Our team of experienced professionals takes the time to assess your individual requirements, providing personalized advice to ensure you receive the most suitable coverage.

Competitive Rates and Compliance:

We offer competitive rates without compromising on coverage and ensure that all policies comply with relevant regulations, providing peace of mind.

Client-Centric Approach:

Our commitment to exceptional customer service means prioritizing your needs, offering ongoing support and guidance to adapt your coverage as circumstances change.

Contact Safehands Ltd Today
Protect your property with confidence by choosing Safehands Ltd as your insurance provider. Contact us today to discuss your insurance needs and discover how we can tailor a policy to provide comprehensive protection for your assets.