For the first time in Ghana, there’s an insurance solution uniquely crafted for the average Ghanaian—one that’s both affordable and comprehensive: the Home/Office 360 Insurance policy. Developed by Priority Insurance in partnership with iRisk Management Ltd., this package brings an all-encompassing insurance plan that covers the valuable contents of your home or office with a range of benefits typically reserved for high-end policies. Here are several reasons why Ghanaians should seriously consider getting Home/Office 360 Insurance.

1. Affordable Coverage for Everyday Ghanaians

At only GHS 360 per year, this insurance plan fits easily into almost any budget. For just GHS 1 a day, you get coverage up to GHS 50,000, making it accessible to both low- and middle-income earners. This means you don’t have to stretch your finances to have the peace of mind that comes with reliable insurance coverage for your home or office.

2. Comprehensive Protection: More than Just Fire Insurance

Home/Office 360 Insurance goes beyond basic fire coverage, protecting against “perils”—a term that refers to damaging events like natural disasters, storms, floods, or explosions. This policy is one of the few in Ghana to cover such a broad range of risks for home or office contents in a single, affordable plan. Additionally, you’ll be protected from theft or burglary, an unfortunate reality for many Ghanaians. This means that even in case of a break-in, you’ll be covered for loss or damage to your belongings.

3. Unique Additional Benefits That Stand Out

Unlike standard home insurance policies, Home/Office 360 comes with two distinct features that set it apart:

• Public/Personal Liability: Covers up to GHS 10,000 in liability if a third party (such as a guest or client) suffers an injury or property damage in your home or office. This can cover legal costs or medical bills, which is rarely available in traditional home or office policies.
• Personal Accident Cover: This benefit offers financial assistance (up to GHS 10,000) in the event of an accident that results in injury to the policyholder. This can help with medical bills or any other immediate needs resulting from an accident.

4. Quick and Simple Claims Process

One of the biggest hurdles to insurance in Ghana is the fear of a complicated claims process. Priority Insurance has earned a reputation for fast claims processing, often within five days after submitting all required documents. You’ll need a filled claims form, police report (if applicable), a report from the Fire Service for fire-related incidents, cost estimates for replacement or repair, and photos or videos of the damaged items. This efficient claim approach shows Priority Insurance’s commitment to serving Ghanaians quickly and effectively.

5. Protect Your Assets from Unforeseen Expenses

Unexpected disasters can place a huge financial burden on families and small business owners. With Home/Office 360 Insurance, you can protect your hard-earned assets without breaking the bank. Fire damage, theft, and other sudden incidents can be financially devastating without proper coverage. This policy ensures that you’re not left struggling financially to replace or repair valuable items.

6. Flexibility for Renters and Small Business Owners

This policy is designed not only for property owners but also for renters and small businesses. So, whether you rent your home or office, you can still protect your belongings. Many insurance policies overlook renters, leaving them with limited options to protect their belongings. With Home/Office 360, renters now have a way to secure their valuables just as effectively as homeowners.

7. Easy Payment and Setup Process

Acquiring Home/Office 360 Insurance is straightforward. You can sign up by visiting any Priority Insurance branch or through iRisk Management Ltd., and they will guide you through a quick and simple application process. As soon as you pay, your coverage begins immediately, making it one of the easiest insurance plans to set up in Ghana.

8. Misconceptions on Insurance Claims in Ghana — A Trustworthy Solution

There’s a lot of skepticism about insurance claims in Ghana, with many people worried about delays or denials. Priority Insurance, however, has a proven track record of being reliable, with a structured claims process designed to avoid these concerns. For Ghanaians, the fast and transparent claims process of Home/Office 360 is a huge advantage over many other options.

Frequently Asked Questions (FAQ)

What is Home/Office 360 Insurance?
Home/Office 360 Insurance provides coverage up to GHS 50,000 for your home or office contents, covering fire, natural disasters, burglary, and more. It’s one of the first policies in Ghana designed for the low- and middle-income earners.

How much does it cost?
Just GHS 360 per year, or about GHS 1 per day.

Can I buy this policy if I’m a tenant?
Yes! Tenants are fully eligible to purchase Home/Office 360 Insurance for their belongings.

How do I apply for this policy?
Simply visit any Priority Insurance branch or contact iRisk Management Ltd., fill out a form, and make the payment.

What information is needed to apply?
Basic details about you and the contents you want to insure, and the Priority Insurance team will help you through the rest.

When does coverage start after paying?
Coverage starts immediately after payment, so you’re protected right away.

Can changes be made to the policy?
Yes, adjustments can be made if your needs change. Contact Priority Insurance to update your coverage as needed.

Are there exclusions?
Yes, certain exclusions apply. It’s best to read through the policy document or talk with Priority Insurance to clarify what’s covered and what isn’t.

In Summary

Home/Office 360 Insurance is a groundbreaking policy that finally brings comprehensive and affordable insurance to Ghanaians across various income levels. With benefits tailored to protect against real-life risks, a quick claims process, and added perks like liability and personal accident coverage, this policy is an ideal way for every Ghanaian to secure their valuable assets confidently. For anyone looking to protect their home or office without the high cost, Home/Office 360 Insurance is a practical, cost-effective solution.

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Video Credit: SamBoad