What is a Defined Events Home insurance policy?
Defined Events insurance policies cover certain events, such as fire, wind, water, storm, earthquake, cyclone, malicious and impact damage and burglary.
What is an Accidental Home insurance policy?
Accidental Damage Home Insurance is a broader coverage providing coverage for any damage unless excluded, and if it is not excluded, insurance cover is provided.
All home insurance policies are subject to dollar limitations on certain types of items and will have exclusions such as damage from wear and tear. Differing policies have different coverage, different exclusion, conditions, and basis of settlement.