Discovery Home Contents Insurance Review 2021

Published by
Lethabo Ntsoane

Home Contents insurance is slowly becoming a popular insurance product in South Africa as housebreaking incidents increase from year to year. Housebreaking incidents top the number of crimes in South Africa and affect around 891 000 households per year. The number represents a whopping 5.3% of all households in South Africa. 

Since there isn’t much that you can do to stop housebreaking incidents but to safeguard your own home and rely on third parties to provide you with security, taking out home contents insurance can also protect your home contents from loss or damage. 

Discovery Home Contents Insurance solutions offer products that can help protect your home contents. The products help you to replace stolen home contents in different scenarios. Not all home contents can be insured, however, those that can be insured will be protected by repairing or replacing them if necessary. 

Discovery Home Contents Insurance Summary

Discovery Insure has home contents insurance that is there to protect a larger number of home possessions from loss or damage. The insurance solution allows one to cover their household contents on their risk address. Household contents that are covered are limited to those that are inside the house that is listed at the address on the insured home contents policy. 

Home Contents Insurance covers home contents that are in a building that is made up of brick, stone, or concrete, and covered with a roof made of slate, tile, concrete, fibrous cement, or metal, or upon agreement, a building of non-standard construction such as wood or thatch can be used to house home contents. 

Many occurrences are covered by the Discovery Home Contents Insurance. Coverage on home contents is limited as per the plan that is chosen. Different plans offer different covers with the widest cover being the purple plan. 

Discovery Home Contents Insurance Products

Discovery Home Contents Insurance solution has numerous plans that are available to customers. Customers can choose a plan based on how much coverage they want for their home contents. Plans available include the essential plan, classical plan, and purple plan. 

Home Contents Insurance plans are discussed below. 

Essential Plan

The Discovery Insure Essential home contents plan is home contents cover that covers policy owners against:

  • Fire, lightning, and explosion,
  • Storm, rain, hail, snow, or flood,
  • Power surge,
  • Earthquake, and
  • Malicious damage.

The Essential home contents plan has an optional accidental and power surge damage buy-up. Should a power cut or load shedding take place and you suffer a loss because of that power surge such as deteriorated food in the fridge, Discovery Insure will replace the food.

Theft or damages incurred during an attempted theft of home contents are covered. However, should there be no signs of forced entry inside the home, theft cover becomes limited. Bursting, leaking, or overflowing of geysers, water or oil apparatus, or pipes are also covered. 

Any loss or damage caused by the following is covered by the home contents:

  • Vehicles,
  • Animals,
  • Aircraft and other aerial devices or anything that falls on home contents,
  • Falling trees except in the event of trees being cut by non-professional tree fellers, and
  • The collapse of television aerials, masts, and satellite dishes

Classic Plan

Discovery classic home contents insurance offers a better cover for home contents in terms of the amount covered per incident. The classic plan has an optional accidental and power surge damage buy-up which comes with an additional premium. The accidental and power surge damage buy-up covers the loss that is caused by a power surge. 

Discovery classic home contents insurance offers cover for any destruction of home contents that is caused by fire, lightning, or explosions. The classic plan further covers damages or losses that are caused by natural occurrences such as storms, rain, wind, hail, snow, earthquake, or flood. 

Theft or attempted theft of home contents is covered under the Essential plan. However, cover on theft or attempted theft is covered to the extent that there is proof of forced entry into the house. If there is no proof of forced entry, the cover is limited. 

The classic plan cover home contents should they be destroyed or get damaged by the following:

  • Vehicles collision,
  • Animal,
  • Aircraft and other aerial devices or anything that falls from them,
  • Falling of trees except in the event of trees being cut by non-professional tree fellers, and
  • The collapse of television aerials, masts, and satellite dishes.

Purple Plan

Discovery Purple home contents insurance plan provides the broadest co4ver than the other plans for home contents insurance at Discovery Insure. The purple plan covers the following:

  • Accidental and power surge damage buy up,
  • Fire, lightning, and explosion,
  • Storm, rain, wind, snow, and flood,
  • Power surge,
  • Earthquake,
  • Malicious damage,
  • Theft or attempted theft with signs of forced entry,
  • Bursting, leaking, or overflowing of geysers, water or oil apparatus or pipes,
  • Impact on the house that causes home contents to be exposed to damage or loss,  caused by;
    • Vehicles,
    • Animals,
    • The collapse of television aerials, masts, and satellite dishes,
    • Aircraft and other aerial devices or anything that falls from them, and
    • Falling of trees except in the event of trees being cut by non-professional tree fellers.

What the Discovery Home Contents Insurance doesn’t cover

There are a number of things and incidents that the Discovery Home Contents Insurance products don’t cover these include:

  • Wrongful use of home contents by tenants,
  • Accidental damage of home contents while lent,
  • Theft or attempted theft of home contents from the building while lent, let sublet or being renovated,
  • Scratches, dent, cracks, chips, or defacing

Advantages of Discovery Home Contents Insurance

  • There are optional benefits that you can add to your Discovery Home Contents plan and these include:
    • Accidental and power surge damage to household contents,
    • Goods in the open,
    • More than 60 consecutive days unoccupied, and
    • Comprehensive subsidence and landslip.
  • Home contents insurance plans can be differentiated.
  • There are different plans available to choose from.
  • Cover amount on home contents can be optimised according to the policyholder’s specifications.
  • Home contents are protected from limited flying objects.

Disadvantages of Discovery Home Contents Insurance

  • Premiums can be very high on the purple plan.
  • There are no premium discounts available.

Conclusion

The Discovery Home Contents Insurance solution provides products that are easy to use and understand. The most important thing is to understand what you are not covered for under the Discovery Home Contents solution so that you can prepare yourself and manage your policy in an orderly manner.

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