S.H.I.C
Social Housing Initiative Cover.
Affordable protection for South Africans who qualify for government subsidised housing — from R100 per month.
The Government Subsidy Housing Scheme has changed the lives of millions of South African families. But when beneficiaries of low-cost homes suddenly face loss or damage to their properties, they carry a heavy financial burden.
S.H.I.C offers affordable protection against that scenario. For as little as R100 per month, RDP homeowners can make sure that if they experience theft, fire or material building damage, they will be able to pay the cost of repairs.
Cover applies to core property damage, excluding household contents and renovations made after handover. Policy holders also have the option to take up additional, affordable cover for household contents, as well as a funeral plan.
S.H.I.C was developed by Kunene Makopo Risk Solutions in partnership with Afribiz Invest, and is underwritten by the Constantia Insurance Company.
What's covered
Simple, fast, and built for reality.
Structural damage
Material damage to the building itself.
Theft and fire
Protection against theft and fire loss.
One phone call
A consultant guides you through and activates the policy.