04 Jul 3 Scenarios When a Domestic Package Insurance Policy is Useless?
Granted, the domestic package insurance policy or “Home insurance Kenya” sold by insurance companies in Kenya is easily one of the cheapest and effective insurance policies one can buy.
It usually costs a lot less because risks to your house or your domestic property are very low. On the other hand, the policy is effective because losing your home to a fire or losing your property can be very devastating especially when you have no fall back plan.
There are some special cases where despite buying such a policy, you will still not be able to enjoy its protection. Here are some scenarios When a Domestic Package Insurance Policy is Useless.
Scenario 1: Your lose legal custody of your house
Your Domestic Package Insurance in kenya is of no use to you if you lose legal custody of your house. This can happen in several ways. First, if a court order is issued to a party to demolish your house, you cannot place a claim with the insurance company.
If you are also declared bankrupt, or your house is repossessed by a financier for instance your mortgage provider, you can’t place a claim for compensation for loss of your house. In addition to the fact that this loss is legal, it is also not caused by an accident.
Scenario 2: The damage to your house or domestic appliances is not accidental
The second scenario where your policy will not help you at all is if the insurance company learns that the circumstances leading to the loss of your house were not accidental.
If you burn your house down and it is proved that the damage was not accidental, you will not make a successful claim under the domestic package insurance.
In the same vein, acts of deliberate carelessness that can result in damage to your domestic property or the actual house will exclude you from enjoying the protections of this policy.
Scenario 3: You Abandon house for more than 30 days
When you leave your house unoccupied for more than 30 days, you will not enjoy the benefits of the domestic policy insurance policy. The longer a house is unoccupied, the higher the chance that it will suffer some type of damage hence the ceiling on how long you can leave you house unattended before losing your domestic package insurance policy.
Despite these scenarios, the domestic package insurance policy is still one of the most cost effective insurance packages available. We highly recommend it and you can get started on what it may cost you to get a package that meets your needs. Just fill the online quote comparison form.