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Are you adequately insured for when freak climate hits?

The importance of being adequately insured has once again come to light after an incredible hail storm hit Bloemfontein in the Free State, late yesterday afternoon.

Videos and images of the aftermath of the hail storm shows just how quickly such incidents can happen and how much damage it can inflict in a few minutes.

While the amount of damage that was caused is still unknown, it serves as a great reminder that home owners should always make sure their home insurance is up to date and will cover them when such incidents do occur.

If a property still has a bond over it, the bank will insist on home owners’ insurance cover and will usually recommend the owner take the bank’s preferred insurance service provider’s policy. This is not uncommon as they will have negotiated contracts with these service providers based on their performance and ability to pay out on claims.

If, however, the home is paid up then it is up to the home owner to ensure that they have comprehensive cover. Home owners should also be aware that their policies must be updated if renovations/upgrades have taken place.

The value of home owners’ insurance can only be seen once disaster strikes - so don’t wait until it is too late! 



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