Discovery Building Insurance Review 2021

Published by
Lethabo Ntsoane

A home is usually the most valuable possession that one may have. Protecting a home is something that should come as a priority. We paint our house and prevent it from deteriorating and spend time building smaller buildings inside our property to enhance our living conditions thus building insurance is something that is crucial to preserve our homes.

Building insurance is needed to protect your house and its structures. Building insurance like that from Discovery Insure will protect your buildings from loss or damage in different scenarios. Building insurance is crucial to have because it will allow you to have peace of mind knowing that your building is safe and is covered against many occurrences. 

With Discovery Insure Buildings Insurance solutions policyholders also get to enjoy the benefits that come with the insurance products. There are a number of additions that you can take to enhance your selected plan such as adding the Discovery Home contents Insurance cover to your plan.

Discovery Building Insurance Summary

Discovery building insurance helps individuals protect their homes from loss or damage. The cover goes beyond covering one’s home to also covering some of the building structures and facilities inside your property. Discovery Insure provides some specifications on which types of buildings it insures. 

Not all structures can be insured under the Discovery Building Insurance. A building that Discovery covers is a building that is constructed of concrete, bricks, or stones. Discovery Insure further specifies that the roofing of a building that they can insure must be made of slate, tile, concrete, fibrous cement, or metal. 

However, when it comes to the roofing of the building an agreement can be reached between the client and Discovery Insure. A special agreement can be reached to insure buildings of non-standard construction. Buildings of non-standard construction include buildings made up of wood or thatch. 

Discovery Building Insurance Products

Discovery Insure offers three plans that one can choose from when looking for a building insurance cover. Plans available include the essential plan, classic plan, and purple plan. We discuss all the plans below. 

Essential Plan

Discovery Essential building insurance plan is entry-level building insurance that has the lowest benefits for any plan at Discovery Insure. The plan offers low premiums and has low claimable amounts. However, the essential plan has a broad cover range and offers the same cover range as the classic plan and the purple plan with different coverage amounts. 

Discovery Essential building insurance plan covers accidental damage of buildings. Should your property be damaged unintentionally by someone or something, Discovery Insure will repair or replace the damaged part of the house. Hazardous occurrences such as fire, lightning, or explosions are also covered by the Essential plan. 

 The plan also includes natural occurrences such as storms, rain, hail, snow, earthquakes, or floods. The impact of a power surge is covered by the plan.

Any damage caused to the building structure by bursting, leaking, or overflowing of geysers is also covered. Damage or loss caused by water or oil apparatus or pipes leaking, bursting, or overflowing is covered on the essential plan. Furthermore, subsidence and landslip that cause damage to the buildings that are covered. 

Should the following cause damage or loss of buildings, Discovery Insure will pay for the damage or loss caused to the buildings:

  • Vehicle collision,
  • Destruction by animals,
  • Aircraft and other aerial devices or anything that falls from them,
  • falling of trees except in the event of a tree being cut by non-professional tree fellers, and
  • The collapse of television aerials, masts and satellite dishes to the building.

Classic Plan

Discover Classic Building Insurance plan offers a moderate cover for buildings. The cover amount on the Classic cover is slightly higher than that of the Essential plan. Classic Plan is suitable for homeowners that have more valuable structures as it covers buildings for higher amounts as compared to the Essential plan. 

The Discovery Classic building insurance plan covers the following :

  • Accidental damage to insured buildings,
  • Destruction on a building caused by fire, lightning, and explosion,
  • Natural occurrences that may damage the building which include storms, rain, wind, hail, earthquakes, and floods,
  • Damages to the building caused by a power surge,
  • Theft or attempted theft that results in the building being damaged,
  • Malicious damage to buildings,
  • Bursting, leaking, or overflowing of geysers, water, oil apparatus, or pipes,
  • Subsidence and landslip that causes damage to buildings insured, and
  • Any destruction to buildings caused by the following :
    • Vehicles,
    • Animals,
    • Aircraft and things that may fall inside of them,
    • Aerial devices and objects that may fall from them,
    • Falling trees, and
    • The collapse of aerials, masts, and satellite dishes.

Purple Plan

Discovery Purple Building Insurance plan offers the highest cover than any building insurance plan offered by Discovery Insure. The plan is meant for executives with expensive buildings to protect. 

The Discovery Purple building insurance plan covers the following :

  • Accidental damage to insured buildings,
  • Destruction on a building caused by fire, lightning, and explosion,
  • Natural occurrences that may damage a building, these may include storms, rain, wind, hail, earthquakes, and floods,
  • Damages to a building caused by a power surge,
  • Theft or attempted theft that results in the building being damaged,
  • Malicious damage to buildings,
  • Bursting, leaking, or overflowing of geysers, water, oil apparatus, or pipes,
  • Subsidence and landslip that causes damage to buildings insured, and
  • Any destruction to buildings caused by the following :
    • Vehicles,
    • Animals,
    • Aircraft and things that may fall inside of them,
    • Aerial devices and objects that may fall from them,
    • Falling trees, and
    • The collapse of aerials, masts, and satellite dishes.
  • Pipes and water heating systems wear and tear

Advantages of the Discovery Buildings Insurance

  • Different covers can be selected depending on the type of structure and value you want to insure.
  • There are different plans to choose from.
  • All plans cover destructions that are caused by limited flying objects.
  • Premiums on the Essential plan are low.
  • There are optional benefits that you can add to your building insurance plan. Option benefits come at a premium and include:
  • More than 60 consecutive days unoccupied cover,
  • Comprehensive subsidence and landslip cover, and
  • Pipes and water heating systems wear and tear

Disadvantages of the Discovery Building Insurance

  • Not all structures can be covered by the Discovery Buildings Insurance.
  • Premiums on the Purple plan are high.

Conclusion

The Discovery Buildings Insurance offers a great way to insure your home. It doesn’t matter the size of the house since the insurer offers plans for small to very big houses. Plans on the Discovery building insurance offer extensive cover including the entry-level plan which has coverage for many incidents. 

There is more to benefit than to lose with the Discovery building insurance solution. You can customize your plan based on your needs.

Lethabo Ntsoane

Lethabo Ntsoane holds a Bachelors Degree in Accounting from the University of South Africa. He is a Financial Product commentator at Rateweb. He is an expect financial product analyst with years of experience in reviewing products and offering commentary. Lethabo majors in financial news, reviews and financial tips. He can be contacted at lethabo@rateweb.co.za

Published by
Lethabo Ntsoane
Tags: Discovery