Think about home
contents insurance and visions of your block being burnt
to the ground flash through your mind. Well guess what, more exotic
things could happen—like a meteorite crashing into your property or
a riot stampeding through your front door, killing your annoying
chihuahua in the process.
And a home contents insurance policy just might offer you
protection in those situations too, no matter how ridiculous they
might sound. Here are 7 things you didn’t know your home contents
insurance covers you for:
Don’t say it will never happen. The Little
India riots reportedly caused about $650,000 worth of damage to
public property. Should there ever be a riot over the
escalating price of economy rice at your local hawker centre or
should terrorists ever decide to detonate a bomb in the lobby of
your condo, you’ll be glad to know that the contents of your home
will be covered by most home insurance policies.
So your beloved pooch spends his time receiving massages
at the doggy spa, eating only gourmet treats and believing himself
superior to dogs from the, ugh, SPCA. So when a plane crashes into
your flat and poor Fluffy is found dead, what do you do? Make an
insurance claim, of course. Many home insurance polices will give
you a pay out for the accidental death of a dog or cat.
Let’s say a cat burglar has been making his rounds,
and before you know it someone gets hold of your credit cards and
starts going on a shopping spree. Fortunately, identity theft
through the unauthorised use of your credit cards is often insured,
so you’ll be able to make a claim for a replacement and any losses
incurred through the actions of some opportunistic thief.
Banishment to hell sold separately.
Singaporeans live to eat, so there’s nothing worse than
coming back to your wrecked house only to discover that your fridge
stopped working and all those frozen wagyu steaks you bought now
resemble your dead poodle Fluffy. Look through your home insurance
policy, as it could well offer you compensation for deterioration
of frozen food should your freezer break down. Take that payout and
have a meal on the house.
We’ve all heard that
little horror story about the family who came back to
their brand new BTO flat only to discover a pipe had burst and
their newly renovated home was covered in crap. Eww. If that
incident has left you paranoid, you’ll be happy to know that home
insurance usually protects your property from bursting or
overflowing water pipes.
So some idiot lost control of his Ferrari and drove it
through your front door. And unfortunately, someone in the house
was unlucky enough to have been watching Channel 8 dramas in the
living room right at that moment.
Some home insurance policies will provide coverage for
accidental death. This protection might, depending on the policy,
also be extended to your spouse or children.
Let’s admit it—losing our computers is equivalent to
losing our lives. There go 10 years’ worth of digital photos, all
our financial statements and our extensive pirated movie
collections. Great. Well, you’ll be glad you bought home insurance,
because many policies will give you a payout in order to replace
your computer. Phew, because what would you do if you couldn’t surf
Facebook while waiting for your home to be rebuilt, right?
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