OUTsurance buildings insurance covers buildings and their fixtures and offers a 10% cash back on premiums after 3 claim-free years. The premiums for OUTsurance buildings insurance are guaranteed to stay the same for the first 12 months. Even if you make a claim during the period, your premiums are guaranteed.
The OUTsurance buildings insurance allows policyholders to supplement their buildings insurance with personal liability insurance. Personal liability insurance protects the policyholder and anyone between the ages of 14 and 70 who lives in the insured buildings. The product provides R25,000.00 in coverage for accidents that result in death or disablement.
The excess payment on OUTsurance buildings insurance is a fixed amount. The excess amount is the same whether the claim is high or low in value. Cover also include accidental damage to glass, sanitaryware, and utility connections between the home and the municipal supply.
OUTsurance buildings insurance allows policyholders to supplement their buildings insurance with additional coverage. Extras available for purchase include:
The OUTsurance buildings insurance covers a wide range of events and has its own set of limitations. Below, we discuss what the insurance product does and does not cover.
Loss or damage caused by
Loss or damage
Clients who purchase OUTsurance Buildings Insurance receive a cash refund of 10% of their premiums. Customers must not skip premium payments for three consecutive years and must be claim-free to be eligible for the cashback bonus.
OUTsurance covers emergency roadside and home assistance at no extra cost. Home and roadside assistance are available 24 hours a day, 7 days a week throughout South Africa. Clients receive assistance with car breakdowns caused by a flat battery, a flat tire, or other minor issues. OUTsurance will cover the cost of towing and vehicle storage.
If the breakdown occurred more than 50 kilometres from home, overnight accommodations are provided. The annual limit for roadside assistance is R5,000.00, with a maximum of two incidents per vehicle. If your limits have been exceeded, assistance can be dispatched to you; however, any costs incurred will be your responsibility.
Help@Out will allocate qualified locksmiths, electricians, plumbers, tree fellers, beekeepers, builders, or glaziers to your location as soon as possible. If an insured incident compromises your security, a security guard will be dispatched to your home. Home assistance provides R5,000.00 per year of coverage and a maximum of two incidents per noted address.
The OUTsurance Buildings Insurance premiums are guaranteed not to change for a period of 12 months. Even if you file a claim with your building insurance, the 12-month period will not be altered. OUTsurance will fix your excess amount regardless of the size or value of your claim.
Besides the Buildings Insurance Benefits discussed in the benefits section, the product further comes with the following benefits:
The buildings insurance from OUTsurance offers more wins than losses to clients. The product is surely there to benefit both the client and the business which makes it a win-win situation for both parties involved.
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