Home Package Guide
Your home is your castle and likely your biggest investment.
It’s where you put down your roots and raise your children. Looking after a treasure like this is no small matter. Your home insurance should take care of what is important to you.
My Mutual offers different packages to help you make the best choice when purchasing insurance for your home.
To assist with explaining these differences, we offer the following scenario:
You trip at the top of the stairs, causing you to drop the paint cans you were carrying. They tumble down the stairs ruining the carpet, paint, and a couch and coffee table at the base of the stairs.
Premier
Premier protects your home and the other structures on your property, as well as your personal belongings, from all risks, other than the specific exclusions listed in your policy.
In the example above, all areas of your home that were damaged as a result of the spilled paint would be covered.
Premier provides the best coverage option for your home and belongings.
Advantage
The Advantage package allows you to prioritize your dwelling with your insurance. With Advantage, your home would receive the Comprehensive Coverage while your contents would receive the Named Perils Coverage.
Your walls and floor carpet would be covered for damages, your couch and coffee table would be excluded.
Flex
Our Flex coverage allows you to prioritize the contents of your home with your insurance.
Flex provides Named Peril coverage for your home structure; your contents receive a Comprehensive coverage.
Your couch and coffee table would be covered for damage, but your walls and carpet on the floors would be excluded.
Classic
Our Classic package looks after the necessities and covers against the most elemental risks. This coverage is often known as Named Peril coverage. It means you are covered against all of the perils listed on the coverage. (see list below)
If you purchased our Classic package, this mishap would not be covered by your policy because the cause (spilled paint) is not a Named Peril.
Comprehensive Coverage:
Protects your home or personal belongings against all types of loss or damage, except those specifically excluded in the policy wording. This coverage provides protection for a wide range of events, giving you peace of mind.
Named Perils Coverage:
Protects your home or personal belongings only against the specific events listed in the policy wording (see below). Any loss or damage caused by events not listed would not be covered.
Named Perils
- Fire and Lightning
- Smoke
- Impact by Aircraft or Land Vehicles
- Riot
- Windstorm or Hail
- Transportation
- Collapse
- Power Fluctuation Coverage
- Explosion or Implosion
- Falling Objects
- Vandalism or Malicious Acts
- Water Escape, Rupture, Freezing
- Theft
- Glass Breakage
- Earthquake
