What women want - from their home insurance cover

Did you know that in 2022, women owned or co-owned more than half of South Africa's residential properties?

In recent years, first-time home loan applications submitted by women have increased considerably.

With more women becoming entrepreneurially-minded and establishing businesses of their own, among other factors, an appetite for owning their own home has seemingly increased quite significantly. Along with home ownership, more women are also opting to establish their own space through rentals. 

Today's woman is certainly more focused on being independent and financially secure too - for herself and her family, whether it be for parents, siblings, or alongside a partner and/or with children of her own. Today's women are becoming increasingly financially independent, and recognise the beneficial value of owning their own home sweet home. 

How can women best protect these homes and why is it important?

Owning your own property is a big decision to make, as is deciding to rent it. It's an exciting part of life because it's either a space that's all yours, or a space that generates an income for you. How you maintain it, give it character, and even protect it revolves around the decisions that you - as a homeowner - make for yourself. Thus, it's a significant responsibility too - the kind that can really benefit from comprehensive insurance cover. This kind of protection is important because unforeseen events like theft, fire, or even a burst geyser can cause damage and loss - much of which can be a costly surprise.

Insurance cover is also not just about physical things - it can also provide cover should someone be injured while on your property. This is often referred to as liability cover which is useful for handling related repair expenses, medical bills or even legal fees.

What does comprehensive home insurance cover?

Discovery Insure recognises that independent women also value having insurance cover that can be tailored to her preferred lifestyle needs.

That's why four flexible plans are part of the product offering: Core, Essential, Classic, and Purple Plans. Each provides comprehensive cover that's relevant for today's homeowner.

Building cover ensures that you receive cover for accidental loss or damage to your home structure, including fixed glass, mirrors and sanitaryware; emergency service needs like a locksmith, electrical or plumbing issues; and emergency security services. Should alternative accommodation be needed for any reason, this can be arranged as part of your cover too. There is also no excess on weather-related claims for the Classic and Purple Plans.

Home contents cover safeguards your most prized or valuable possessions, but also includes protection from power surges. There is also no excess where theft by forced entry or weather-related damage occurs for the Classic and Purple Plans.

Your portable possessions can also be protected from theft, loss or damage, no matter where such events occur in the world. So yes, ladies, if the contents of your handbag, including a laptop, tablet or cellphone, are covered, they are protected no matter where you take them.

Home insurance protects your most important asset if things go wrong. Comprehensive coverage can help ensure that should the unthinkable happen, you can restore your happy place back to just the way you like it.