Building a house is an investment to protect and secure. We are always at risk of a natural catastrophe, fire or burglary. Cyclone, flood, fire, domestic gas explosion, burglary, vandalism...So much hazard against which it is advised to be protected by subscribing to a home insurance. Recently, we noticed a growing awareness from Mauritians on the importance of insuring their houses.
The number of housing insurance contracts is increasing, which we noticed in insurance companies. The increasing competition in the local market benefits to the client qui access a wider range of insurance products, proposing advantageous premium payments, states Mario Typhis, Senior Manager, Fire and Accident Department at the Mauritian Eagle.
He said that nowadays, we notice that insurance agents propose complete insurance policies, regrouping several warranties in one contract. For example, we can ensure the replacement fees of damaged locks during a burglary, as well as gifts’ robbery, or other items purchased during the festive period.
Home insurance clients
Individuals caring about their investments
Borrowers who are contractually compelled to subscribe to an insurance covering the mortgaged building
The syndics who benefit from a collective insurance program
Tenant who are compelled to subscribe to housing risk coverage.
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Source: LexpressProperty Magazine May-June 2014 edition
Posted by
Dany Gowsee
