It covers the items that we own within a building e.g. televisions, sofas, chairs, carpets etc. The owner gets reimbursed for the loss of such items in the event they get stolen or damaged.Next on the list is life insurance. If, for example, you are the breadwinner of the house, you want to be sure that your family will be taken care of in case of yourself being seriously injured, disabled or dead. When you are no longer able to provide for your family, your life insurance policy will assist your family and loved ones to lead a comfortable life.
Medical insurance often comes in the form of medical aid. By paying a monthly contribution you are covered for anything from visits to the doctor to medicine, dental procedures and eye exams – all depending on your medical aid plan. It is also possible to take out hospital insurance to cover your expenses while you are in hospital. You can also consider a combination of both a medical aid and a hospital plan – once again, all will depend on your specific needs and requirements.
We have seen an increase in personal injury claims during the last 2 decades. Lawsuits are being filed for compensation regarding injuries that are caused within rental properties. It covers the landlord against lawsuits filed by tenants and associated legal charges.