Whether you’re a homeowner looking to insure your house and its precious contents, or a renter wanting to protect your valued possessions, our policies offer full comprehensive coverage against all major perils such as Fire, Theft, Flood, Hurricane, Earthquake and much more.
In addition to the standard items covered, this policy provides coverage for items that you may overlook when assessing of your possessions for insurance purposes. For example, treasured possessions such as personal keepsakes, pots and pans, clothing and shoes, electronics and appliances, furniture, pools, solar systems, and gates and fences are just some of the items which can be covered.
Reinstatement value on buildings:
The amount your home is insured for should represent the replacement cost, which is calculated at today’s current rebuilding cost for your home. This includes all related structures such as garages, outbuildings, patios, terraces, walls, fences and gates, outdoor tanks, swimming pools, tennis courts etc.
Replacement cost on contents:
The sum your contents are insured for should represent their current replacement value without deduction for wear and tear or betterment. If you are properly covered, this will represent the cost of upgraded, current models rather than the value of the used model. This applies to household furniture appliances, audio and video equipment, computers, pictures and art, and personal effects including clothing, and jewelry; all subject to policy limits for specific valuable items.
Put your home in our trusted hands with a fully tailored and comprehensive home protection policy.
Home Insurance Coverage Provided
Live confidently and completely reassured with a Home Insurance Policy that shields you from loss or damage.
Here are some of the important features covered under our Home Insurance policies. The list below is not exhaustive, and some limits and special conditions exist. Our knowledgeable agents will be happy to explain your many coverage options.
- Fire, lightning, and explosion
- Hurricane, cyclone, tornado, windstorm, earthquake and tidal wave
- Flood
- Theft or attempted theft
- Escape of water or oil
- Impact by aircraft, aerial device, vehicle or animal
- Accidental breakage of mirrors, sanitary fixtures or fixed glass
- Accidental damage to televisions, video players & computers and other electronic equipment
- Accidental damage to underground water and gas pipes or electricity cables
- Falling trees or branches
- Removal of debris
- Malicious Damage
- Subsidence, landslip or ground heave of the site on which buildings stand
- Riot Strikes and Civil Disturbances
- Loss of rent and alternative accommodation
- Employer’s liability for domestic workers
- Property owner’s liability
- Personal accident
- Architects & Surveyors fees as part of the sum insured on buildings
- Temporary removal of contents
- Contents left on the outside of your house (covered up to a specified limit)
Optional policy extensions can include:
- All Risks On Valuable Personal Possessions – comprehensive coverage for items of greater value that may move around with you such as watches, jewellery, cameras etc.
- Increased Public & Personal Liability – the standard policy limit of $500,000 can be increased to suit your needs.
- Increased Employers Liability – the standard policy limit for your domestic staff of $500,000 can be increased to suit your needs.
- Waterside Structures (e.g. Docks, Seawalls, Piers, Jetties etc.)
Mortgage Indemnity Guarantee
A Mortgage Indemnity Guarantee is an insurance policy that protects lenders if the mortgage repayments cease for some reason, perhaps due to death or a homeowner being made redundant at work. Although the Borrower (Home Owner) is expected to pay the premium, Mortgage Indemnity is NOT insurance protecting the borrower but is there to reduce the lender’s losses as a result of mortgage default.
The above is meant to provide general information and general policy descriptions to help you understand the different types of coverage offered. These descriptions do not refer to any specific contracts of insurance and they do not modify any definitions, exclusions or any other provision expressly stated in any contracts of insurance issued by Shield Insurance Agents & Brokers. We encourage you to speak to one of our authorized insurance representatives, and to read your policy contract to fully understand your coverages.
