Buying or building a home is one of the biggest financial moves most will ever make. It's the dream.
But owning a home without insurance? That’s like driving down Thika Road with no brakes. Is it bold, risky, and are you asking for disaster? Big yes.
Many homeowners delay insurance because it feels like an extra cost. Or until something goes wrong. Home insurance isn’t a luxury. It’s a basic part of protecting your investment and financial future.
Building Insurance
This covers the physical structure of your home. The walls, roof, floors, and finishes. Wherever your home is, this insurance protects you if fire, flood, or other events damage the property.
In Kenya, building insurance focus on the replacement value . Which is what it would cost to rebuild today, not what you paid years ago.
Fire and Perils Cover
Fires, lightning, explosions, and storms are more common than you think. Electrical faults, gas leaks, and something as simple as a forgotten candle, have destroyed many homes.
That’s where fire and perils insurance comes in. It is often required by banks or SACCOs if you have a mortgage. It’s one of the most affordable covers available.
Flood, Storm & Natural Disaster Cover
With the increasing climate unpredictability, flood and storm coverage is critical. Although it is often not included by default. If your home is in an area prone to floods, landslides, tremors, or earthquakes, ask your insurer about a specialized policy.
Public Liability Insurance
What if your water tank bursts and damages a neighbor’s wall? Public liability insurance protects you from legal and compensation costs in such scenarios.
It’s necessary for homeowners who host visitors, have staff, or live in closely packed estates. Accidents happen and this cover ensures they don’t bankrupt you.
Mortgage-Linked Insurance
If your home is financed through a mortgage, your lender likely required insurance. But don’t assume this mortgage-linked insurance covers everything. Often, it’s the bare minimum.
Request a copy of your policy, review the coverage, and consider supplementing it with more comprehensive protection. After all, your home is your responsibility, not just the bank’s asset.
