Personal Line Insurance
Burglary Insurance
Exclusions:
- Loss or damage done by someone who is lawfully on the premises, such as an employee or friend
- Loss or damage that happens while your premises are left empty or without a caretaker for a continuous period exceeding particular consecutive days as it may be enshrined in a policy in question
Fire & Allied Perils Insurance
Fire and Allied Perils policy covers you against the loss or damage of your personal or commercial property as a result of fire, lightning, or other allied perils including:
Explosions – Covers domestic explosions and associated fires. This excludes steam generating boilers, economisers or other vessels, machinery or apparatus or their contents resulting from their own explosion or implosion.
Windstorms – Covers complete roofed buildings and contents thereof. This excludes partially constructed building and good stored in the open.
Earthquakes or volcanic eruptions – Covers against loss or damage caused either by earthquake shock and fire or volcanic eruption. Â
Burst Pipes – Bursting or overflowing water tanks, apparatus or pipes.
Floods – Covers against severe weather conditions that cause loss or damage due to rapid rise in water levels.
Aircraft damage and/or articles – Covers loss, destruction or damage caused by aircraft, other aerial or space devices and articles dropped from them. This excluding those caused by pressure waves.
Impact damage – Covers loss of or visible physical damage or destruction caused to your insured property due to impact by any rail/road vehicle or animal by direct contact.
Optional benefits.
- Direct loss or damage to your property that is caused by strikers and/or riots.
- The loss or damage to your property caused by any malicious act.
Home Insurance
Losing your home and contents to fire, flood, burglary or any other equally disastrous event is bad enough, but finding out you don’t have an insurance would be much devastating!
Motor Insurance (Vehicle)
Personal Accident
Scope of cover:
- Death
- Permanent Disability
- Temporary Total Disability
- Medical Expenses
You may also choose to add on the following extensions to your policy:
- Exposure – to elements, starvation and/or thirst
- Disappearance
- Burns Disfigurement
- Life support system (not less than 3 consecutive days)
Phone / Tablet Insurance
Accidental means an unfortunate incident that you could not foresee that happens unexpectedly and unintentionally at an identifiable time and place.
In event of the mobile phone/ tablet been stolen or accidentally damaged the insurance will replace or repair the item.
Cover types:
Comprehensive – covers accidental damage and theft of your insured mobile phone/ tablet.
Travel Insurance
Most of the travel policies currently are provided in partnership with foreign insurers, which make it an international policy that covers any risk you face when travelling outside of this country. This partnership gives you access to one of the largest global medical assistance networks in the world in event of a medical help while you are away.
Though there is customised limit of cover up to about $150,000.00, most Travel Insurance pay up to a maximum of EUR 30 000, for the following benefits:
- Medical expenses and hospitalisation abroad
- Transport or repatriation in case of illness or accident
- Emergency dental care
- Repatriation of family member travelling with the insured
- Travel of one immediate family member
- Repatriation of mortal remains
- Emergency return home following the death of a close family member
- Delivery of medicines
- Relay of urgent messages
- Advance of funds
- Legal defence
- Loss of passport, driving license or national identity card abroad
- Compensation for delay in the arrival of luggage
- Location and forwarding of baggage and personal effects
- Delayed departure
Frequently Asked Questions
Our links with the top insurers in the country help us get multiple quotes for comparison within minutes. We actually do these at no cost to you. Just place a call to us now.
What are the types of insurance?
General Insurance – General Insurance provides financial security and protection for your movable & immovable assets and investments. It could be your house, vehicle, office assets, business operations, personal belongings, etc.
Types: Motor Insurance, Travel Insurance, Home Insurance, Personal Liability, Business Insurance, Property Insurance and more.
Life Insurance – Life Insurance plan(s) pays a certain amount of money (lump sum or part) to the insured person as per the plan term or to his or her beneficiary in the event of the death of the insured. Types: Term Plans, Income Replacement, Child Plans, Retirement Plans, Tax Saving Plans, Money-Back Plans, Monthly Income Plans, Funeral Plans, Short Term Guarantee Plans, Systematic Investment Plans and more.
Health Insurance – Health Insurance gives coverage for the insured’s medical or hospital expenses.
This assures that you and your family will have enough money to pay for expenses if ever you get ill and are hospitalized. Types: Individual Health Plans, Family Health Plans, Corporate or Group Health Plans, Critical Illness Plans, Preventive Health Plans and more.
Micro-insurance – Micro-insurance as the name suggests, encompasses of life, health and general insurance but offers coverage to low-income households or individuals who have little savings. It is tailored specifically for lower valued assets and compensation for illness, injury or death. Some of these risks include agricultural insurance, insurance for theft or fire, health insurance, term life insurance, death insurance, disability insurance and insurance for natural disasters and more.
How to choose an insurance company
Here are some of the things that you need to consider before choosing an insurance plan, hence a company:
• The reputation of the insurance company
• Compare the benefits and coverage of their policies.
• Is it the right type for your needs?
• What is the claims settlement ratio?
• Terms and Conditions of their policies.
• Policy serving and claims handling (are they prompt and efficient).
• If you are ready to explore your options, then let the experts assist you!
How to choose the best insurance plan
1. First, understand your requirements (future financial needs, your child’s education, marriage, or some other requirement).
2. Second, calculate how much premium you can pay every month or quarterly or half-yearly or annually.
3. See what benefits the Plan gives (each insurance company gives different benefits, so compare).
4. Decide on the tenure of the Plan.
5. See whether it is value for your hard earned money.
6. Decide the Sum Assured, the more the sum assured, the more the benefits.
7. Read the Terms and Conditions of the Plan.
8. Find out how prompt the insurance company is in settlement of claims for the plan.
What is insurance excess / deductible?
An example; If a motorist had a car insurance policy that has a policy excess of 10% and files in a claim for damage to his/her vehicle amounting to GH¢10,000, he/she would have to cover the first GH¢1,000 (ie.10% of the claim amount), with the insurer covering the remaining GH¢9,000.
It is possible to opt for zero excess or buy the excess off…however; the insurer has the prerogative in accepting or even increase it depending on the risk in question.
What is an insurance policy?
What is a quote?
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