Home insurance
Home insurance is same as property insurance and it covers all the losses and damages occur at individual’s house. Now a days, Pakistan is facing many crises in such condition everyone should need a proper security for its home and business. The United Insurance Company of Pakistan Limited (UIC) is one of the best insurance company, providing best services for home insurance. UIC protect your dreams through home secure plan.
A home is where the heart is! In today’s supersonic world it’s a place to slow down, a heaven of warmth and love. Sadly in this uncertain age this sanctuary is increasingly exposed to man-made and natural hazards.
Despite all the precautions you may take, your home still remains vulnerable to robbery, natural disasters, freak weather conditions and fire among other risks. Rising costs of consumer durable and reconstruction renders it next to impossible to replace lost belongings.
UIC endeavors to cushion the financial impact of loss related to your home and its contents by offering a customized insurance program for your cherished home.
A home is where the heart is! In today’s supersonic world it’s a place to slow down, a heaven of warmth and love. Sadly in this uncertain age this sanctuary is increasingly exposed to man-made and natural hazards.
Despite all the precautions you may take, your home still remains vulnerable to robbery, natural disasters, freak weather conditions and fire among other risks. Rising costs of consumer durable and reconstruction renders it next to impossible to replace lost belongings.
UIC endeavors to cushion the financial impact of loss related to your home and its contents by offering a customized insurance program for your cherished home.
What we are Giving
Benefits
Home Secure Plan covers loss or damage caused by:
- Rain, Flood, Cyclone & Severe Storms
- Acts of Malicious Persons
- Falling Aircraft and other Aerial Devices
- Impact of falling trees
- Accidental loss breakage (glazing)
- Accidental damage to underground tanks
- Loss of Rent: The Loss of Rent feature covers the loss of rental income or additional expense of renting substitute housing incase and insured peril renders your home uninhabitable. It’s is only applicable if building is covered under Home Secure Plan, up to 10% of Sum Insured for Building.
This unique insurance plan covers high value items including jewelry and cash. Jewellery needs special protection not just because of its high intrinsic value but because of the sentimental attachment. Women so often have with their ornaments. Accordingly Home Secure Plan is designed to cover jewellery in the following situation:
- At Home
- In a Specified Safe Deposit Locker
- In Transit between Home and Locker (and vice versa)
- Even while worn by Insured or Spouse in event of robbery, up to 25% of Total Value of Jewellery.
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Frequently Asked Questions
What is Home Insurance and how does it benefit me?
Home Insurance provides coverage for damages and losses to an individual's home and its contents. It protects against risks such as fire, burglary, natural disasters, and more, ensuring financial support during unforeseen events.
Why is home insurance important in Pakistan?
Given the increasing crises in Pakistan, such as natural disasters and economic instability, having home insurance ensures protection against damage or loss to your home, allowing you to recover financially without significant burden.
What makes The United Insurance Company of Pakistan's Home Secure Plan unique?
The UIC Home Secure Plan offers comprehensive coverage that protects your home from a range of risks, including natural disasters, theft, and accidents. It also provides special protection for high-value items like jewelry.
Does home insurance cover both the building and its contents?
Yes, UIC’s Home Secure Plan covers both the building structure and its contents, ensuring that you’re protected from a wide array of potential losses and damages.
How is the value of my home determined for insurance purposes?
The value of your home and its contents is assessed based on current market values for rebuilding costs and replacement of belongings.
How do I file a claim under the UIC Home Secure Plan?
To file a claim, contact UIC’s customer service team, provide necessary documentation, and follow their step-by-step process for assessing damages and recovering losses.
What documents are needed to file a home insurance claim?
Typically, you’ll need proof of ownership, a detailed list of damaged or stolen items, police reports (in case of theft), and any photos or documentation of the damage.
How long does it take for my claim to be processed?
The time taken to process a claim varies based on the complexity of the case. Generally, UIC works to resolve claims efficiently, with straightforward claims often being resolved within a few weeks.
Does the Home Secure Plan cover accidental damage?
Yes, UIC’s Home Secure Plan covers accidental damage, including damage caused by broken pipes, fire, falling objects, or accidental breakage of underground tanks and glazing.
What happens if my home is uninhabitable after a covered peril?
If your home becomes uninhabitable due to a covered peril, UIC will cover the loss of rental income or the cost of renting a substitute home, up to 10% of the insured sum.
What risks are covered under UIC’s Home Secure Plan?
The Home Secure Plan covers a wide range of risks, including fire, burglary, earthquake, storms, flooding, water damage from burst pipes, and accidental damage.
Does home insurance cover natural disasters in Pakistan?
Yes, UIC’s Home Secure Plan provides coverage for natural disasters like earthquakes, floods, cyclones, and severe storms, which are common risks in Pakistan.
Is my jewelry covered under home insurance?
Yes, UIC offers coverage for high-value items like jewelry, both at home and in safe deposit lockers. The plan also covers jewelry while worn by the insured or their spouse during robbery.
Does the plan cover damage from riots or strikes?
Yes, the Home Secure Plan includes coverage for damages caused by riots, strikes, and acts of malicious persons, ensuring comprehensive protection.
Are valuables like cash and electronics covered?
Yes, valuables such as cash, electronics, and other high-value items are covered under UIC’s Home Secure Plan, with special provisions for items like jewelry.
How often do I need to renew my home insurance policy?
UIC’s Home Secure Plan typically requires annual renewal, ensuring continuous protection for your home and belongings.
What happens if I forget to renew my home insurance?
If you forget to renew, you may lose coverage, leaving your home vulnerable to risks. It’s important to renew your policy before it expires to maintain continuous protection.
Can I update the coverage amount during renewal?
Yes, during renewal, you can reassess and update your coverage amount based on any changes to your home’s value or the value of its contents.
Will my premium increase upon renewal?
Premiums may increase based on various factors, such as the claim history, inflation, or changes in the value of your home or contents. However, UIC provides competitive rates.
How do I renew my Home Secure Plan with UIC?
You can renew your policy by contacting UIC’s customer service, visiting their website, or visiting one of their branch offices. Renewal reminders are also typically sent out ahead of time.
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