Standard Bank Home Contents Insurance Review 2021

Published by
Lethabo Ntsoane

Standard Bank’s home contents insurance allows South Africans to protect their personal belongings at home. Because of the high rate of housebreaking in the country, South Africans’ home contents are among the most vulnerable assets they own. Every year, hundreds of thousands of households are affected by housebreaking, and millions of household items are stolen.

In South Africa, home contents insurance has never been more popular. Many South Africans are becoming wiser and have realized that getting home contents insurance is an excellent way to protect their belongings. However, there are a few things you should consider before purchasing home contents insurance. For example, where do you get your home contents insurance? This is important because it determines what you are covered for.

Using Standard Bank Insurance brokers as your top choice to protect your home contents can prove to be a good idea. Standard Bank insurance brokers provide a home contents insurance product that is ideal for any household in South Africa. Standard Bank Home Contents Insurance is underwritten by:

Companies used are hand-picked by Standard Bank so that clients can get one of the best home contents insurance in South Africa. 

Standard Bank Home Contents Insurance Summary

Standard Bank Home Contents Insurance covers losses or damage caused by theft, fire, or storms. The policy provides coverage for the policyholder’s personal belongings. Members of the policyholder’s household are also covered by the Standard Bank Home Contents Insurance.

The term “home contents” refers to any possessions kept in the home. Some home contents, such as laptops, can be insured as both portable possessions and home contents because they can be used on the go or at home.

The insured contents are those held at the policy owner’s designated registered address. Home Contents that are insured can be in the main building of the registered address or outbuildings of the same address, thus, home contents are covered as long as they are inside a building structure within the property address registered with Standard Bank Insurance Brokers. 

What is covered

The Home Contents Insurance policy covers a wide range of incidents that may result in the loss or damage of home contents. Fire and explosion are covered, which can cause home contents to burn, be damaged, or be lost in an explosion. As a policyholder, you are protected against theft and other intentional acts beyond your control.

Natural disasters are also covered by Standard Bank Home Contents Insurance. Clients are protected against wind, storm, lightning, hail, flood, snow, and earthquakes. Your home’s contents will be safeguarded against a variety of natural disasters.

Falling trees are covered by home contents insurance. Falling of trees is an incident that is covered and it is covered to the extent that the tree fell because of natural weather or landslide. If the tree was being cut when it fell and caused damage to home contents, the Standard Bank Home Contents Insurance will not cover such loss or damage. 

Home contents insurance covers falling trees. Tree falling is covered to the extent that the tree fell due to natural weather or a landslide. If the tree was being cut down when it fell and damaged home contents, Standard Bank Home Contents Insurance will not cover such loss or damage.


The product covers accidental damage of home contents. These include accidental damage to television sets, furniture, and other items. If a covered incident compromises the security of one’s home, temporary housing is available.

What is not covered

Intentional damage to home contents by the policy owner or by the members of his/her household doesn’t form part of the cover. Theft that is intentionally caused by the policy owner is not covered. Money is not covered by the Standard Bank Home Contents Insurance. 

Benefits of Home Contents

Intentional damage to home contents caused by the policyholder or members of his or her household is not covered. Theft committed on purpose by the policyholder is not covered. The Standard Bank Home Contents Insurance does not cover money.


Standard Bank Home Contents provides home contents insurance that is suitable for any South African household. As much as the policy is consumer-friendly, it also provides competitive quotes. Customers can get up to five online quotes from South Africa’s top insurers. Customers can select from the best service providers in South Africa while looking for the best quote to fit their budget and insurance needs.

The home contents insurance coverage is flexible. You can choose between comprehensive and limited home contents insurance coverage. Limited Cover provides limited coverage for home contents while charging low premiums.


Standard Bank Home Contents Insurance policyholders can earn UCount Rewards. When a policyholder’s Home Contents Insurance is activated, they are automatically enrolled in the UCount Rewards program. Every month, members receive 50 UCount tiering points.

Advantages of Standard Bank Home Contents Insurance

You can insure as many household items as you want.
The amount of coverage can be adjusted to meet the needs of the individual.
The insurance product is flexible because you can choose between comprehensive and limited coverage.
UCount Rewards are included with Standard Bank Home Contents insurance.
You receive quotes from various insurers that you can compare to find the best quote for you.

Disadvantages of Standard Bank Home Contents Insurance

  • Underwriting of the product is through a third party.
  • There is no cashback benefit on the product.

Conclusion

Standard Bank Home Contents Insurance offers home contents insurance products that are ideal for anyone in the market for home contents insurance. The fact that you can personalize the product by adding whatever covers you want makes it more convenient to use. Subscribers will be able to use the cover of their choice rather than a one-size-fits-all cover.

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