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Who is it for?
- HomeSmart Plus Insurance has been exclusively designed for Gulf Bank customers who own a property in Kuwait.
HomeSmart Plus insures the cost of repairing or rebuilding the building if it is damaged or destroyed as a result of an insured event, as well as covering the cost of repairing or replacing the home content items on a new for old basis if they were ever damaged, destroyed or stolen as a result of an insured event. Content items include furniture, electrical appliances, CD’s / DVD’s and general household items such as linen.
Benefits
- Restricted to residential premises
- Cover for fire, lightning, explosion, riot, theft or escape of water
- Additional cover includes: personal baggage, personal accident, legal protection, additional living expenses, personal accident cover for one domestic servant and loss of rent
Features
- Flexible payment option – you can choose monthly or annual payment options for no extra premium
- The building and home contents will be assessed by Enaya Insurance to ensure correct valuation and sum insured
| What you are insured for | HomeSmart Insurance | HomeSmart Insurance Plus |
|---|---|---|
| For both HomeSmart and HomeSmart Plus, the following events are insured: | ||
| Fire and explosion | Yes | Yes |
| Lightning | Yes | Yes |
| Sudden impact | Yes | Yes |
| Vandalism and malicious damage | Yes | Yes |
| Flash floods | Yes | Yes |
| Riots and public disturbances | Yes | Yes |
| Theft | Yes | Yes |
| Accidental glass breakage | Yes | Yes |
| Escape of liquid | Yes | Yes |
| Storm | Yes | Yes |
| Earthquake | Yes | Yes |
| Fusion or power surge | Yes | Yes |
| Building Cover | ||
| Total building replacement cover | No | Yes |
| Legal liability cover | No | Yes |
| Demolition and debris removal costs | No | Yes |
| Alternative accommodation costs | No | Yes |
| Replacement of locks or keys | No | Yes |
| Loss of rent | No | Yes |
| Contents Cover | ||
| New for old replacement | Yes | Yes |
| Legal liability | Yes | Yes |
| Tenants liability | Yes | No |
| Alternative accommodation | Yes | Yes |
| Domestic workers compensation | (Limited to 1 Domestic) | (Limited to 1 Domestic) |
| Personal accident cover | Yes | Yes |
| Personal baggage | Yes | Yes |
| Jewellery | No | No |
Charges
- Competitive premiums (price dependant on assessed building and home contents value)
Branches
- Available in all Gulf Bank branches
NOTE: HomeSmart Plus is underwritten by Enaya Insurance, Terms and Conditions apply
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