Standard Bank has for ages been a pace setter in the Financial and Banking sector in South Africa. The quality and diversity associated with this financial power house has also remained unparalleled.
In order to live up to this diversity in terms of business scope, Standard bank has added on the comprehensive homeowners insurance policy that protects your home from the risk of structure damage, including fire damage, storm damage etc. This sort of policy is compulsory if you have a home loan.
The Standard Bank rates include South African Special Risks Insurance cover plus limited subsidence and landslip cover. The property must be fully insured for the duration of the bond agreement as laid down in the insurance Act.
Standard Bank conducts regular cover and rate comparisons to ensure the home owners policy remains competitive. In this regard, premiums are calculated based on the type of construction and may be automatically debited to the home loan.
The insured value of your home will be increased annually by a percentage linked to the inflation rate of building.
This insurance cover also provides value added benefits like:
Settlement cover for employers which gives up to R10 000 settlement cover should the CCMA award in favour of your domestic worker in a dispute.
Legal assistance for employers which gives you legal assistance cover in the event of a dispute with a domestic worker, including telephone assistance, free consultation with an attorney, access to advise on legal document requirements and access to representation.
Domestic employees compensation plan provides personal accident cover for all your full or part-time domestic workers while they are employed and on duty. This cover includes R15, ooo in the event of accidental death, up to R15, 000 accidental disablement, hospital cover of up to R13, 000 as well as medical transportation costs.
The above mentioned services and added benefits make the Standard Bank home owners Insurance the best in the market.
Standard Bank can be contacted on 0860 999 334.
Site: Standard bank
