This is our standard Fire Policy which pays for loss of or damage to insured items as a result of Fire, Lightning and Limited Explosion. i.e. Explosions from boilers used for domestic purposes.

This policy may be extended to cover the following Extra or Additional Perils at very low rates.

• IMPACT
  This extension covers destruction or damage caused to a building by contact with a vehicle, animal or any moving object not under the control of the Insured.
• AIRCRAFT AND/OR ARTICLES DROPPED THEREFROM
  This is an extension which covers destruction of/or damage to property resulting from impact with an aircraft or any article(s) dropped from it.
• EXPLOSION
  It is the shattering of an enclosed vessel under pressure such as boilers caused by the sudden production or release of a large volume of gas and/or vapour. This extension therefore covers destruction or damage to property resulting from explosion.
• TORNADO / WINDSTORM
  This is an extension which covers destruction of/or damage to property resulting from hurricane, cyclone, tornado and/or windstorm whether or not accompanied by rain but excluding flood, bursting and overflowing of water pipes, apparatus and the like.
• BURSTING AND/OR OVERFLOWING OF WATER PIPES APPARATUS AND THE LIKE
  This is an extension which covers destruction of/or damage to property resulting from bursting or overflowing of water pipes, apparatus and the like.
• FLOOD
  The policy extends to cover damage to property resulting from the overflowing of natural or artificial water courses.
• EARTHQUAKE
  This extension covers destruction of/or damage to property resulting from earthquake and volcanic eruption (fire & shock).
• RIOT & STRIKE, CIVIL COMMOTION & MALICIOUS DAMAGE
  Destruction or damage to property insured may be caused by Riot and Civil Commotion, Strikers, lockout workers or persons taking part in labour disturbances or malicious person acting on behalf of or in connection with any political organization.

1. Full name of Proposer
2. Postal Address / Telephone Number / E-mail Address
3. Occupation
4. Nationality

2. Risk Details such as:

1. Current Value of Building and/or Contents to be insured.

(Please note that value for building should be stated separately from value of contents)

1. Exact location of property. E.g. House No. 15, Abofour Crescent, Haatso, Accra.

1. Type of construction: For e.g. built with cement blocks and roofed with corrugated iron sheets.

3. Any other information relevant to the risk such as:

• Claims Experience
• Whether the items to be insured have been previously insured elsewhere and by which Insurance Company.

Commercial / Industrial Fire Policy (Business Premises)

The perils covered are mainly as outlined under “Private Premises” except for;

EXPLOSION: This is usually exclusion under the policy but cover may be considered on the payment of additional premium. This extension covers destruction or damage to property resulting from explosion.

Fire covers granted huge Industrial / Commercial concerns can be extended to cover consequential loss or Loss of Profits upon request.
A Fire causes not only material damage to property but a loss through interruption of turnover causing a business to cease earning profits. Our Loss of Profits Insurance makes good this type of loss.

Information required for Commercial Policy to be issued:

1. Name & Address of Business Concern
2. Type of Business / Occupation
3. Construction of Building etc. (Please see details under Private Dwelling House)
4. Values of Stock-in-Trade as ffs:
5. Finished Goods
6. Semi Finished Goods
7. Raw Materials
8. Fixtures, Fittings and Utensils-in-trade
9. Office Equipment
10. Other property to be insured

Types of Businesses Covered under our Policy for Business Premises include:

1. Shops (Retail / Wholesale) & Contents
2. Warehouses & Contents
3. Manufacturing Concerns
4. Petrol / Gas Filling Stations
5. Printing Press & Contents
6. Office Buildings & Contents etc.

We normally inspect premises/contents to be insured under our Commercial Policies before cover is granted.

This is a specially packaged policy that combines both Fire and Allied Perils and Burglary Insurance for House Owners who live in their own houses at a very moderate price.

Additional Benefits under the policy include FREE COVER for:

• RENT

In the event that it becomes necessary for the house owner to arrange alternative accommodation because his/her building is damaged, the company offers to pay ¢100,000 per month alternative accommodation for a period of six (6) months.

• INSURED’S PERSONAL LIABILITY
  
  The Company offers to indemnify the Insured in respect of all sums, which the insured shall become legally liable to pay as damages consequent upon:

1. Accidental bodily injury to or illness of any person (whether fatal or not).
2. Accidental loss of or damage to property occurring in Ghana during the period of insurance.

The liability of the Company for all damages payable in respect of any one occurrence or number of occurrences arising directly or indirectly from one source or original cause is limited to GH¢100.00.

1. Members of the insured are family or household and person(s) in the service of the insured are exempted from this cover.
2. Likewise loss of or damage to property belonging to or held in trust by or in custody or control of the insured or any member of his family in household.

• PERSONAL ACCIDENT FOR INSURED’S DOMESTIC EMPLOYEES

Persons (limit of three (3) persons only) engaged in the service of the insured are entitled to limited compensation for any accidental injuries they sustain that may lead to

1. Temporary Disablement
2. Total & Permanent Disablement
3. Death.

• PERSONAL ACCIDENT FOR THE INSURED

The Benefits here are as follows: -

• Other expenses payable are Medical and Funeral.

Please note that Additional Personal Accident Cover may be purchased at a rate to be agreed.

Under this type of Policy the Company provides cover for the insured against loss, damage or destruction of insured’s property resulting from any accidental cause during the period of Insurance (or any subsequent period for which the Company accepts a renewal premium).

Combined Policies

These are very flexible tailor-made Insurances with multiple covers issued under one policy for business concerns.
The range of combinations written in the Department is inexhaustible and includes the following:

• Fire & Allied Perils + Burglary
• Fire & Allied Perils + Burglary + Public Liability
• Fire & Allied Perils + Public Liability + Cash-in-Transit/Cash-in-Safe + Fidelity Guarantee.
• Fire & Allied Perils + Loss of Profits Insurance etc…

Some of the benefits enjoyed by the insured under Combined Policies include the following:

• One Proposal form to complete
• A single policy document.
• Common Renewal Date for all Covers
• Easier reference for day-to-day dealings with Insurers and/or Intermediaries.