When you look for a home content insurance policy, consider choosing a comprehensive plan with added benefits to safeguard your house and its contents from unforeseen events. This can include fire, burglary and natural disasters, such as storms, tempest floods and earthquakes.
However, you need to be aware of any exclusions and restrictions in the policy, so you can make an informed decision and avoid future hassles.
General Exclusions Under a Home Content Insurance Policy:
1. If the Insured is not a Citizen/Resident of the Sultanate of Oman
The policy will not be valid if you are not a citizen or a resident of the Sultanate of Oman. In case you are traveling abroad for an extended period of time (beyond 30 days), or plan to live overseas for some time, it’s advisable to let your insurer know beforehand.
2. If the House is Not of First-Class Construction
The insurance will be valid only if your house has first-class construction, meaning your walls should at least be built of bricks or concrete blocks in cement plaster. The roof needs to be reinforced with cement concrete, or better materials.
3. Damage due to Seepage of Rain Water
No claim shall be applicable if the loss or damage to the property is on account of rain water seepage through unsecured opening defects in the property.
4. Electrical or Mechanical Failure in Appliances and Equipment
Losses claimed due to electrical or mechanical failure in appliances and equipment will not be reimbursed by the company.
5. Inventory/Mysterious Losses
Losses of unexplained nature will not be covered under the policy.
Before deciding to buy a home contents insurance policy, understand the limitations and exclusions of the plan carefully to make an informed decision. Choose a policy with simple procedures, wide-coverage, and great affordability.