Image credit kevinandamanda.com

Image credit kevinandamanda.com

ZIMSEC O Level Commerce Notes: Insurance: Property Insurance

Property insurance

Household insurance

  • Is taken by individuals.
  • It covers household movable items such as furniture, Tvs and jewellery.
  • Covers against losses due to theft and fire.
  • Compensation is based on the value of items at the time the risk occurs i.e. after wear and tear and depreciation has been deducted.

Building insurance

  • Is taken by the owner of buildings i.e. shops and houses.
  • It covers against damage to buildings.
  • Compensation is based on the value of the buildings at the time when the risk occurs.

To access more topics go to the Commerce Notes page.


Quick NetOne, Econet, And Telecel Airtime Recharge