SGIC Contents Insurance

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SGIC’s Home Plus Insurance is a policy that has your back when it comes to covering your contents. Along with new for old cover on your belongings, you’ll also have access to a multi-policy discount if you combine policies, a loyalty discount the longer you stick around and a no claims bonus if you have got a great claims history.

Key features

With SGIC’s Home Plus Insurance, you can rest easy knowing that your favorite belongings will be under top protection. You’ll get cover for your electronic files, like CDs and DVDs, plus software on your computer. Your cameras, antiques, jewellery and other valuables with hefty price tags are also covered under this policy. Bare in mind though, you will not have cover for any uncut gems or business inventory.

One other cool thing is that, if you and your pet need to temporarily move out, SGIC Home Plus will cover the accommodation costs for this and if you or your furry friend are injured, you’ll be covered there too. You’ll also receive cover for any locks that need replacing.

While we’d like to think that our homes are the best shield to protect our contents from damage, unexpected things do happen. That’s why with SGIC Home Plus you’ll be covered against 12 listed events, like fires, earthquakes and even explosions, just to name a few. You’ll also have the option of adding accidental loss and damage to your policy to give yourself that extra bit of cover. But keep in mind that power and storm surges are not covered under SGIC Home Plus.

And last but not least, there are a range of discounts on offer with SGIC, including:

• Multi-policy discount

• No claims bonus

• Loyalty discount

• Combined policy discount

Who is it good for

SGIC Home Plus is a suitable option for anyone concerned about protecting their belongings, but not the structure of your home, like renters. But if you are a homeowner, you might prefer to combine your home and contents policy.

Any catches

SGIC Home Plus does not offer underinsurance protection on your contents, which may leave you out of pocket if you haven’t insured your items correctly. When creating your list of contents you’d like insured, it’s important to consider  what it will cost to replace your things, not just their current value.

Also, SGIC Home Plus gives you the choice of being able to pay your premium monthly, but you should know that you will have to pay extra for this.