Protecting your home and possessions is a wise investment. NIC offers plans tailored to the needs of its customers. Kamal Canhye tells us more.

Why is it important to take out home insurance?

A home insurance primarily provides protection to your house (building) and belongings from damage caused by perils, such as fire, theft, and natural disasters. Home insurance usually also provides additional covers, such as personal accident, public liability and employer’s liability.

It could also be a legal requirement for properties which are mortgaged with the bank. To summarize, it helps safeguard your property, finances, and legal interests and it offers peace of mind, knowing that you are covered in case of unforeseen events.

What does this type of insurance cover specifically?

Typically, home insurance covers damage to the building, its contents, personal injuries and liability for injuries or damage to third parties.

When you take out insurance, are you covered straight away?

Yes. Coverage begins immediately after your application for the home insurance is underwritten and accepted, you pay the premium and you are issued a policy (with the applicable terms and conditions).

■ Kamal Canhye.

What are the conditions attached to this insurance?

The policy terms and conditions will prevail at all times. Conditions may include making proper disclosures at the time of applying for the policy, maintaining the house in a good condition with adequate safeguards to minimise the risk of loss, notifying the insurer of any significant changes that could affect the risk level of the property insured, and paying premiums on time.

Can anyone or any type of home be covered?

Yes, most homes can be covered, including apartments. However, coverage options and premium may vary according to the property's location, age, construction type, security features and condition. Special considerations may apply for buildings in high-risk areas (e.g., flood prone areas, properties near gas stations and so on).

What does NIC offer?

In addition to the traditional home insurance plans, the Oasis Home Insurance Plan of NIC provides a wide range of exclusive covers on top of building, contents, personal accident and liability covers.

Some of these would be : 24*7 emergency home assistance, temporary accommodation in case the house is not habitable, coverage for high-value items, specific covers for electronic equipment among others.

After a material loss, what are the procedures for reimbursement?

After a material loss, you need to file a claim with your insurer, providing details of the damage and supporting documentation (E.g. police report, photos, receipts etc.). The insurer will then assess the claim, and if deemed payable, will compensate for the loss based on the policy terms and conditions and the cover limits.

Why trust NIC?

NIC is ranked 30th in the top 100 companies in Mauritius and proudly serves, protects and empowers one of the largest client base of 160,000, people and businesses combined.

As a trusted insurer, its main aim is to ensure the well- being and satisfaction of its customers and other stakeholders, in line with its motto: “Serving You, Serving The Nation”.

With a solid reputation and a history of supporting policyholders, NIC offers peace of mind through comprehensive coverage options and financial stability.

Landing Page: https://www.nicl.mu/nic-oasis-home-plan