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How to fireproof your home

Having home insurance is a core element in ensuring that your home has insurance cover in the event of fire. Aside from this financial protection, there are certain practical steps you need to take to protect your home and youraelf against fire.

Below are three basic steps to keep in mind in order to fireproof your home:

Step 1: Fire Prevention

Your first step should always be to focus on preventing fires at any cost. As such, it is important to ensure that all fire hazards are adequately identified and taken care of. This is an important element to consider during the design stage of your house. You will need to think about the materials you use and possible escape routes, as well as the placement of fire nanagement devices to be installed.

  • Fire resistant exterior walls – As a first step, you will need to carefully select the construction materials used to build your house. Some materials slow down the spread of fire more than others, such as stucco, concrete, plaster brick or stone.
  • Electrical wiring maintenance – As many room fires are caused by faulty electrical wiring, always use a certified electrician for installation and maintenance. The moment you feel shock or see sparks when using a power outlet, you should consult an expert. On that note, avoid overloading a single power outlet as it may trigger electrical faults.
  • Smoke alarms – Some alarms will alert you when unusual presence of smoke is detected in the house, especially if you were asleep. This gives you sufficient time to decide whether to tackle the fire or escape one. When installing your alarm, always place it in a common area where it could easily detect an early fire. Avoid installing directly in the kitchen or bathrooms however as some people often remove the alarms or batteries out of frustration when it beeps regularly. Conduct regular tests to ensure it functions properly.
  • Location of hazardous materials – Safely store away flammable materials and avoid placing them next to fire hazards. For example, extensions should not be next to or on carpets; magazines and papers should not be next to heaters; and flammable liquids and aerosols should not be stored in the kitchen.

Step 2: Fire Management

Fire management is about how and when you tackle a fire. You can do so by placing certain devices in your house to manage the fire. Remember that your safety and that of those living with you is more important than saving your house or its contents. As such, you are always advised to yell FIRE immediately and evacuate through the safest and easiest exit.

  • Fire Sprinklers- Fire sprinklers are automatically triggered when detecting unusual heat. Its effectiveness is dependent on the water pressure so the best location to place them is close to a water supply. Sprinklers do not completely put out fires but they do provide you with additional minutes to safely evacuate.
  • Fire Extinguishers– Contrary to popular belief, water is not always effective in tackling fires. Extinguishers may be more appropriate for grease fires, for example. Place extinguishers in an easily accesible location and check its expiry date frequently. Not all fires can be put out, as such, safely evacuate if a fire is tok big.

Step 3: Fire Escape

  • Accessible Exits – When building your house, ensure that you have a fire exit and that it is not obstructed by any material. Your emergency exit should be at the opposite end of your front door or at the other side of your house. If you have only one exit door, your windows become your emergency escape.
  • Retractable Burglars Bars – Useful against thefts but are often death traps in the event of fire. If you have to use burglars bars, use retractable ones for easy exit.

Remember to call the emergency number in case of fire – 999

You might be tempted to run into a burning house to retrieve your personal items, but for your own safety, do not do so. Having a home insurance allows you to recover compensation against items lost due to fire damage. Our home insurance products cover your valuable possessions such as jewelry, fur, bags, etc., including electronic items. Moreover, you get 10% off your home insurance if you have another general insurance.

For more information on our home insurance products, call us on 4295000 or send an email to general@sacos.sc. You can also request a quote via our website.

Why is home insurance very important for a homeowner?

Home insurance is one of those products that you are either very familiar with or do not know much about.

Unlike motor insurance, a homeowner is not legally obligated to have home insurance; and, unlike life insurance, a homeowner does not receive the premiums paid in lump sum when the policy term ends. For some therefore, home insurance is one of those products considered as unnecessary- an additional burden to the household budget.

In fact, much like car insurance, a homeowner would only ever need to pay the premium annually. When the policy term ends after a 12-month period, a policyholder has to renew their insurance policy or risk a lack of coverage if it lapses.

Fires do not discriminate on neither the time nor day of their occurence. It does not target homes based on their (lack of) insurance coverage, which by the way, neither do burglars!

Yet, it helps to have home isurance when either occurs. The structural damage caused by a fire can take years of savings and loans to repair, renovate abd rebuild. On top of this, invaluable personal items have been lost, such as art, jewellry, bags, shoes, clothing and household items such as electronic goods – fridge, washing machine, TVs and computers/laptoos. The list is endless.

A homeowner cannot gamble on the idea that the government or the local community would repair or replace what was lost. After all, so many other people are on a long waiting for their first home or land.

Home insurance provides coverage against this very dilemma. It covers the house, including the building and/or contents, in case a fire breaks out. More than that, it also covers against damage caused by floods, storms, burglary and others. The homeowner is also provided with legal protection in case a third person is hurt on their property.

A homeowner would not have to worry how to finance the rebuilding and repairs or how to replace lost content. The Sacos Householders Insurance will provide compensation in the event of fire, burglary or other perils mentioned in the policy.

With the compensation received, it will then be at the homeowner’s discretion how and when they finance the reparation or rebuilding of the house At Sacos, we insure the market value of your home to ensure that your asset is not underinsured.

For more information on the Householders Policy, contact us on 429 5000 or send an email to general@sacos.sc. You can also request a quote via our website.

Have you prepared a savings plan for your child? Here is how we can help you!

It’s a parent’s worst nightmare. The unimaginable. The unthinkable. What will happen to my child after I pass?

It is more than just worrying about who will raise and love them in your absence, as painful as that realisation is; for a parent, there is also a concern for their future.

What funds will they have to sustain them in their daily lives? Will they receive a daily allowance for school? Will they be able to buy their preferred snacks or be gifted their presents of choice? It feels mundane compared to the grief that will accompany the loss of a parent at a young age and yet it’s part of the little things that make life…life. We understand.

Beyond worrying about how they will cope with their daily lives, there is also their future.

Every parent aspires for the best for their child. To be able to pursue their education, to follow their professional careers, to start their business, buy their first car, build their house and so on.

For many lucky enough to have those opportunities, their first handout has almost always been from their parents. From their first deposits, the savings account, inherited land or some other inheritance, their parents have been important contributors.

If you were no longer around, who would assist your child with their aspirations.

The Savings Plan!

A savings plan is your best answer.

It is a helping hand even in your absence. A show of love and concern for their future long after you have left this world, quite prematurely.

The Sacos Junior Plan perfectly addresses the concern of a savings plan against the realities of an early death.

With the Junior Plan, your child will receive the full sum assured at the time of maturity or even if you pass away or become permanently disabled during the policy term (before maturity).

It does not matter if you have only paid SCR10,000 thus far in insurance premiums, your child will still receive the SCR250,000 in full upon reaching the age of either 18, 19, 20 or 21. This is possible only if you have not missed any of your insurance premiums.

If your child was to pass away during the term of the plan, as a parent you will receive the full sum assured if the child had reached the age of six upon their passing. A death before that age would see the parent get a percentage of the sum assured according to the schedule of the life insurance policy.

With that in mind, give us a call today on 429 5000 or send an email to life@sacos.sc to learn more about the Sacos Junior Plan. You can also visit our website for more information or to request a quote.

Going out in bad weather? Bad weather means bad business for your boat

Tempted to go out to sea in bad weather? Don’t!

A lot of boatowners have taken calculated risks in bad weather, relying on their years of experience to help them navigate the rough seas.

We understand the reasoning- for some, it is an inevitable part of their work, the delivery of goods must take place to fulfill the needs of communities on other islands; for others, a day skipped could be a meal missed.

If for some reason, you feel tempted or obliged to go out to sea in bad weather, carefully consider all the potential implications and whether it is truly good for business.

Unpredictable weather can cause worse damage to your business than one day’s missed opportunity to earn an income. Boat owners can lose their livelihoods for a period up to a year, or even more, after their boats have sunk or been irreparably damaged.

The sentimental value goes beyond mainly monetary loss. Boats are very often named, even baptised. Much like a beloved member of the family, owners have great affections for their boats.

Nevertheless, the loss carries a significant burden to owners, now left with the choice to either rebuild or buying anew. If the option is to rebuild, the entire process can be quite lengthy thus leaving the market open for competitors. If, on the other hand, the option is to purchase a new vessel, the buyer will be at the mercy of current market prices.

Your best bet and the safest is insurance!

Insured boat owners can breathe a sigh of relief knowing that a large part of their value will be reimbursed (within their agreed contract). It will thus be easier to secure capital for building or buying a new boat.

Beyond worrying about the loss of an asset, the personal safety of passengers and crew must be considered. Sacos will definitely have an option for you, but still, we caution you to take great care and to consider safety above all.

For more information on Marine Hull insurance, contact us on 429 5000 or send an email to general@sacos.sc.

How do I know if my car is roadworthy?

Roadworthy usually means “in suitable operating condition or meeting accepted standards for safe driving on the road”. But how does a driver know if their car is truly roadworthy?

The Seychelles Road Transport Act states that a vehicle must be registered and licensed before being permitted to be driven on the road. 

You will only ever need to go through all four steps if this is your first car or you have purchased a new car. Roadworthiness is certified on an annual basis so steps 1, 3 and 4 will occur every year.

Step 1: Pass Certificate at the Vehicle Testing Station

The Vehicle Testing Station (VTS), located at Bois de Rose, performs the ultimate test to certify roadworthiness. Customers normally have to book a month in advance to secure an appointment given the high demand, with tests taking an average of 20 minutes to be completed.

At the end of the test, the VTS issues a Pass Certificate to the owner and stamps and signs the Vehicle Registration application form.

Step 2: Vehicle Registration

The registration process requires:

  • The vehicle registration application form be stamped and signed by an authorized Vehicle examiner at the VTS.
  • A registration fee of R100 and Levy according to the HS Code be paid.

Step 3: Vehicle Insurance

In order for a vehicle to be deemed safe to be driven on the road, the owner needs to ensure that they have a valid insurance policy for the vehicle. Owners can purchase their insurance at any one of the insurance companies based in Seychelles.

Sacos Insurance Group offers customers a range of motor insurance policies based on their needs or the nature of their business:

  • Private Motor Comprehensive Insurance – for private individuals covering the owners’ vehicles and third party damage.
  • Third Party Only – for private individuals covering only damage to third party vehicles.
  • Third Party, Fire and Theft – for private individuals covering third party damage only, as well as fire and theft of the owners’ vehicles.
  • Motor Fleet Insurance – for commercial owners with a minimum of five vehicles.
  • Motor Traders Insurance – for motor dealers and repair garage owners.

Motor insurance are payable on an annual basis and the premium is dependent on the type and cc of the vehicle, amongst other factors.

Step 4: Road License

The vehicle license process requires:

  • A Pass Certificate from the Vehicle Testing Station (VTS); and,
  • A valid insurance policy for the vehicle.

A licence fee, payable annually, is applicable depending on the type and cc of the vehicle (Vehicle License – Seychelles Licensing Authority).

  
Text Box:    Vehicle License – Seychelles Licensing AuthorityVehicle License All vehicles used on a public road are required to have a vehicle license. This license is issue…

After all these steps have been concluded, you no doubt have a roadworthy car with you. You can ensure that your car stays this way be conducting regular servicing.

For more information on motor insurance, contact Sacos on 429 5000, send an email to general@sacos.sc or visit our website.

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