Q. How do I calculate the sum insured of the building?
A. The sum insured of the building should reflect the rebuilding cost of the property. This should include the finishing works, bathrooms, all apertures as well as any fitted kitchen furniture and built-in appliances.
Q. On what basis should I value my home contents for insurance purposes?
A. The value of your home contents should be based upon the amount of money which you would require to replace the items with equivalent new items.
Q. Can I cover jewellery under the contents section of the policy?
A. Valuables may be included under the contents section of the policy up to a limit of one third of the total contents sum insured. However, it should be noted that the limit in respect of any one article of value should not exceed Lm500 (€1,164.69) or 5% of the total contents sum insured, whichever is the lower unless specified. If the total sum insured on valuables exceeds the one third limit mentioned this should be stated in the proposal form.
Q. Are the contents of my private garage included under the policy?
A. Yes, they are covered provided that the address of the garage is stated on the proposal form, that provision for such contents is made in the contents sum insured and that the contents of the garage are for private use only.
Q. Should I regularly update my sums insured?
A. It is always advisable that you review the values which you have declared under your policy upon renewal and update your sums insured to include any additional purchases made through out the year.
Q. Does the policy cover me for my liability to third parties?
A. The Citadel Home policy covers also your liability towards third parties in respect of both bodily injury and property damage.
