Fiji Sun

‘Get Fire Cover’

- WATI TALEBULA Feedback: com.fj wati.talebula@fijisun.

Sun Insurance Company Pte Limited has paid out $4million for fire cover under the homeowner’s insurance policy from April, 2019 to April this year.

This was confirmed by Sun Insurance Company Pte Limited Manager Underwriti­ngBroker Avikash Ram.

Fire cover is a form of property insurance designed to compensate the insured against losses or damages to the property itself by any insured peril. Mr Ram said there were over 3,000 house owners policies for residentia­l. “Owning a home costs a lot of money. The mortgage itself eats up a big chunk of your housing budget, but property taxes, furnishing­s and insurance bump up your monthly financial commitment even more,” Mr Ram said.

Homeowners insurance

“Homeowners insurance protects your home, which may very well be your largest investment, and gives you a sense of security. “A homeowners insurance policy covers the cost to rebuild the home’s structure if the damage falls under the scope of the policy. “The amount of coverage on the policy determines how much the insurance company will pay toward rebuilding the house, so you want to make sure that amount is accurate.

“By insuring the structure of your home, you are protecting yourself financiall­y should damage occur.” He said they had the best policy.

Benefits

“There are a lot of reasons to insure your house and at SUN, we offer the best and compatible deals for any homeowner.

“Our covers and benefits offered under the homeowners policy is far better than any other provider in Fiji.

“It provides cover against fire loss or damage from a number of sources. Sources include fires brought about by electricit­y, such as faulty wiring and explosion of gas, as well as those caused by lightning and natural disasters. “Bursting and overflowin­g of a water tank or pipes may also be covered by the policy.”

Some additional benefits under Sun Insurance homeowner’s policy with no additional premiums are as follows:

■Fu■era●

$2,500

■Death

$10,000

■Natura● Disaster Cover of $1,000

■Liabi●ity Cover up $500,000

■Professio■a● cost benefit

Benefit fees up of to

Resilience to

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 ??  ?? Firefighte­rs trying to stop the spread of fire at one of the settlement in Nabua, Suva.
Firefighte­rs trying to stop the spread of fire at one of the settlement in Nabua, Suva.
 ??  ?? National Fire Authority personnel trying to stop the spread of fire at MH Supermarke­t in Nabua on October 2015.
National Fire Authority personnel trying to stop the spread of fire at MH Supermarke­t in Nabua on October 2015.

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