Sign Up Now For Your Rewards

Home Insurance

Your home is perhaps your most treasured asset. Shouldn’t you have home insurance coverage that protects this valued item?

Premier Home Cover

  • Full cover for your replacement value based on valuation
  • Standard industry catastrophe deductible
  • Cover includes:
– Legal Fees
– Removal of debris
– Professional Fees
– Alternative Accommodations
– Liabiliy up to $2 million *(employers/public)
– Awnings, walls, gates and fences
– No deductible for non-catastrophe perils
– Title/other legal documents replacement up to $20,000

Agreed Value Policy

  • Full cover for your agreed value

We’ll use our in-house valuation system to arrive at a value for insurance purposes based on your square footage.

  • No average clause applicable
  • Standard 2% deductible
  • Cover includes:
– Legal Fees
– Removal of debris
– Professional Fees
– Alternative Accommodations
– Liability up to $2million *(employer/public)
– Awnings, walls, gates & fences
– No deductible for non-catastrophe perils
– Title/other legal documents replacement up to $20,000

Contents Only Policy

Even is if you don’t own the building, you deserve to have your belongings covered.

  • For less than $15,000 a year, you can insure up to $1 million of your assets.
  • All risks cover for valuables (jewellery, digital camera, laptops, etc.).
  • Liability up to $2 million *(employers/public)

FAQs

Why should I insure?

Your home is perhaps your most valuable possession.
The possibility of losing it along with other cherished items is ever present whether due to fire, lightening, hurricane, storm, flood, earthquake, burglary, theft and a host of other eventualities. Can you afford to replace all your possessions if damaged or stolen.

At what value should I insure?

You should always insure your property for the full replacement value. Failure to do so means tat you are self-insuring the difference and in the event of a loss the average clause will be applied to your claim settlement. Under the average clause we can only settle your claim to the extent that you have insured your property.
For example:
Value of property- $4m
Sum insured- $2m (50% of value)
Claim $2m
We can only pay 50% of the claim less the standard 2% deductible (excess).

However as a GK General Insurance client if you insure your property for 85% or more of the value, the average clause will not apply. otherwise, consider our “Agreed Value Policy”.

Do I need a valuation in order to insure?

A valuation is the only means of knowing the full replacement value of your property. If you cannot afford a detailed valuation, GK General Insurance will help you to get a valuation for insurance purposes only*.

What is the excess/deductible?

The excess/deductible is a limitation of the cover, which requires that you pay a proportion of the loss. usually 2% of the sum insured arising from catastrophe perils of: windstorm/hurricane, flood following these perils; earthquake and fire following earthquakes. With GK General Insurance Premium Home Cover, there’s no excess for any other peril related to buildings and/or contents.

It's not my house, can I still insure it?

Only the owner or authorised agent can insure the property. But if you live in the house and own its contents you can insure those items with a GK General Insurance Contents Policy.

*Conditions apply; contact us for details

Policy Wording

HOC Wording

To view our policy wording, click the link below.

Home Owner Coverage