Home insurance
is same as property insurance and it covers all the losses and damages occur at individual’s house. Now a days, Pakistan is facing many crises in such condition everyone should need a proper security for its home and business. The United Insurance Company of Pakistan Limited is one of the best insurance company, providing best services for home insurance. UIC protect your dreams through home secure plan.
A home is where the heart is! In today’s supersonic world it’s a place to slow down, a heaven of warmth and love. Sadly in this uncertain age this sanctuary is increasingly exposed to man-made and natural hazards.
Despite all the precautions you may take, your home still remains vulnerable to robbery, natural disasters, freak weather conditions and fire among other risks. Rising costs of consumer durable and reconstruction renders it next to impossible to replace lost belongings.
UIC endeavors to cushion the financial impact of loss related to your home and its contents by offering a customized insurance program for your cherished home.
A home is where the heart is! In today’s supersonic world it’s a place to slow down, a heaven of warmth and love. Sadly in this uncertain age this sanctuary is increasingly exposed to man-made and natural hazards.
Despite all the precautions you may take, your home still remains vulnerable to robbery, natural disasters, freak weather conditions and fire among other risks. Rising costs of consumer durable and reconstruction renders it next to impossible to replace lost belongings.
UIC endeavors to cushion the financial impact of loss related to your home and its contents by offering a customized insurance program for your cherished home.
What we are Giving
53246
Total No. of Policies
1,369 Million+
Premium
1,957 Million+
Total Claims
Home Secure Plan covers loss or damage caused by:
- Armed robbery, burglary and house breaking
- Earthquake
- Rain, Flood, Cyclone & Severe Storms
- Riot & Strike damage
- Acts of Malicious Persons
- Fire and Lightning
- Explosion
- Falling Aircraft and other Aerial Devices
- Water damage due to burst pipes
- Impact of Motor Vehicle
- Impact of falling trees
- Accidental loss breakage (glazing)
- Accidental damage to underground tanks
-
Loss of Rent
The Loss of Rent feature covers the loss of rental income or additional expense of renting substitute housing in case an insured peril renders your home uninhabitable. It is only applicable if the building is covered under Home Secure Plan, up to 10% of Sum Insured for Building.
This unique insurance plan covers high value items including jewelry and cash. Jewellery needs special protection not just because of its high intrinsic value but because of the sentimental attachment. Women so often have with their ornaments. Accordingly Home Secure Plan is designed to cover jewellery in the following situation:
- At Home
- In a Specified Safe Deposit Locker
- In Transit between Home and Locker (and vice versa)
- Even while worn by Insured or Spouse in event of robbery, up to 25% of Total Value of Jewellery
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Frequently Asked Questions
What is home insurance and why is it important?
Home insurance provides financial protection for your house and belongings against risks such as fire, theft, natural disasters, and accidental damages. It ensures peace of mind and safeguards your investment.
Who can buy home insurance?
Any homeowner, tenant, or landlord can purchase home insurance to protect their property and valuable possessions.
What does a standard home insurance policy cover?
It covers the building, contents, jewelry, electronics, and other valuables against insured risks such as burglary, fire, earthquake, floods, riots, and malicious damages.
Does home insurance cover rented houses?
Yes, both tenants and landlords can be covered. Tenants can insure contents, while landlords can insure the structure/building.
Is home insurance mandatory?
Home insurance is not mandatory in Pakistan but is strongly recommended for financial security against unforeseen risks.
How can a policyholder file a home insurance claim?
The insured must notify the insurance company immediately after an incident and submit a written intimation along with required documents.
What documents are required to file a home insurance claim?
Documents include the insurance policy, FIR in case of theft, fire brigade report in case of fire, proof of ownership, and loss assessment reports.
How is the claim amount determined?
The claim amount is based on the sum insured, market value, and the actual loss assessed by the insurance surveyor.
Who receives the claim payment?
The insured or property owner receives the claim amount directly, unless otherwise stated in the policy.
How long does it take to process a home insurance claim?
Claim processing time may vary but typically takes between 7 to 21 working days after submission of complete documents.
What perils are covered under home insurance?
- Armed robbery, burglary and house breaking
- Earthquake
- Rain, Flood, Cyclone & Severe Storms
- Riot & Strike damage
- Acts of Malicious Persons
- Fire and Lightning
- Explosion
- Falling Aircraft and other Aerial Devices
- Water damage due to burst pipes
- Impact of Motor Vehicle
- Impact of falling trees
- Accidental loss breakage (glazing)
- Accidental damage to underground tanks
- Loss of Rent – covers rental income loss or alternate accommodation expenses if the insured home becomes uninhabitable (up to 10% of Sum Insured)
Are jewelry and valuables covered?
- At Home
- In a Specified Safe Deposit Locker
- In Transit between Home and Locker (and vice versa)
- Even while worn by Insured or Spouse in event of robbery (up to 25% of Total Value of Jewellery)
Does home insurance cover electronics and appliances?
Yes, household electronics and appliances such as TVs, refrigerators, and laptops are covered under the contents section of the policy.
Does the policy cover personal liability?
Yes, the policy provides liability cover if a third party is injured or their property is damaged due to an accident at your insured home.
What is excluded from home insurance?
Normal wear and tear, intentional damages, war risks, nuclear hazards, and unoccupied homes for extended periods are excluded.
How can I renew my home insurance policy?
You can renew by providing your policy number, updated property details if any, and paying the renewal premium before expiry.
Can I increase the sum insured at the time of renewal?
Yes, you can increase your sum insured to match the current market value of your property and contents at the time of renewal.
What happens if I miss the renewal date?
If renewal premium is not paid on time, the policy will lapse and you will not be covered. Some insurers allow a grace period to restore the policy.
Is home insurance renewal compulsory?
Renewal is not legally compulsory, but recommended to maintain continuous protection for your home and valuables.
How long is the policy valid after renewal?
Home insurance is generally valid for 12 months from the renewal date, unless specified otherwise.
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