When it comes to safeguarding what matters most, we often overlook one of the most accessible and comprehensive solutions available: home or office insurance. With Priority Insurance and iRisk Management’s Home/Office 360 Insurance policy, Ghanaians now have an option specifically designed to protect their property, contents, and visitors or employees from unforeseen risks. Here’s how this unique insurance plan can help you secure everything you care about, from physical assets to personal liabilities.

1. Protection for Your Home or Office Contents

Whether it’s your home or your office, the possessions you keep in these spaces have a lot of financial and emotional value. This is why the Home/Office 360 Insurance policy covers up to GHS 50,000 for the contents of your home or office against damage from:

• Fire and Other Perils: This insurance goes beyond just fire coverage. It includes protection from what insurance companies call “perils,” such as explosions, storms, and floods. Essentially, any natural or accidental event that could cause significant damage to your property is included in this coverage, helping to ensure your belongings are secure, regardless of what happens.
• Theft or Burglary: Break-ins are unfortunately a reality, but having coverage in place can help you recover lost or damaged items. Home/Office 360 Insurance ensures that if theft or burglary occurs, you won’t have to bear the full financial burden alone.

2. Public and Personal Liability Coverage

An added feature that makes Home/Office 360 Insurance stand out is its public and personal liability coverage. This is a major benefit for those who regularly have guests, clients, or employees in their home or office. Here’s what this liability coverage includes:

• Protection Against Accidents for Visitors: If a guest or client accidentally gets injured while on your property, you could be held liable for their medical bills or any other damages. This insurance provides up to GHS 10,000 to cover costs that could arise if someone suffers an injury while visiting your home or office, sparing you from potentially hefty legal or medical expenses.
• Coverage for Legal Issues: In the event that someone decides to pursue a legal claim against you due to an injury on your property, the public liability coverage within Home/Office 360 can cover legal expenses up to the specified limit, saving you time, money, and stress.

3. Personal Accident Coverage for You and Employees

Accidents can happen anywhere, even in spaces as familiar as your own home or office. Home/Office 360 Insurance includes a personal accident coverage of up to GHS 10,000, which provides support in the event of an accidental injury. Here’s why this is so valuable:

• For Homeowners and Office Managers: If you, a family member, or an employee suffers an accidental injury while at your property, the policy’s personal accident cover will help with related expenses. This could include medical bills or recovery costs, reducing the financial impact of such incidents.
• Support for Employees: This coverage also applies if you have employees working in your home or office, offering financial assistance for their medical needs should they experience an accident on your premises.

4. Fast and Hassle-Free Claims Process

One of the key concerns people have with insurance is the difficulty they might face when making a claim. Priority Insurance has streamlined this process for Home/Office 360 policyholders. Here’s how it works:

• Minimal Documentation: You’ll need a completed claims form, possibly a police report or fire service report if applicable, and a list of any damaged items. Having photos or videos of damaged property can further speed up the process.
• Quick Resolution: Priority Insurance is known for processing claims within five days of receiving all necessary documentation, ensuring that you get the financial support you need without delay.

5. Affordable Premiums for All-Inclusive Coverage

At only GHS 360 annually, this policy is accessible to everyone, from low-income households to small business owners. For just GHS 1 a day, you can secure this comprehensive coverage for your home or office, making it one of the most budget-friendly policies available in Ghana. The straightforward pricing and extensive benefits make it an appealing option for those looking to protect their assets without stretching their budgets.

6. Coverage Flexibility for Renters and Business Owners

Home/Office 360 Insurance is available to both renters and property owners, so whether you’re living in a rented home or operating from a leased office space, you can enjoy the same level of protection. The insurance extends to cover:

• Personal Belongings and Equipment: Renters can cover their furniture, electronics, and other valuables against potential damage or loss.
• Office Equipment and Inventory: Small business owners can secure essential equipment and inventory, ensuring that any unforeseen incidents don’t interrupt business operations.

7. Simplified Application Process and Immediate Coverage

Signing up for Home/Office 360 Insurance is a straightforward process. Visit a Priority Insurance branch or contact iRisk Management Ltd., fill out the necessary forms, and pay the premium. Coverage begins immediately upon payment, meaning there’s no waiting period before you’re protected.

Frequently Asked Questions (FAQ)

What is Home/Office 360 Insurance?
It’s a comprehensive insurance policy designed to protect the contents of your home or office against fire, theft, and other perils, and includes liability and personal accident benefits.

How much does it cost?
The policy costs GHS 360 per year, which is equivalent to about GHS 1 per day.

Can I buy this policy if I’m a tenant?
Yes, tenants are eligible and can use this policy to protect their personal belongings in a rented home or office.

How do I apply for this policy?
Visit any Priority Insurance branch or contact iRisk Management Ltd., where you can complete the application and make the payment.

What documents are needed for a claim?
You’ll need a filled claims form, possibly a police report or fire service report, cost estimates, and any photos or videos of damaged items.

When does coverage start?
Coverage begins immediately after payment is made.

Are there exclusions?
Certain conditions or high-risk items might not be covered. Be sure to read through the policy document or talk with Priority Insurance to understand all exclusions.

In Summary

The Home/Office 360 Insurance policy is a pioneering approach to protecting both property and people in Ghana. With its affordable pricing, comprehensive coverage, and fast claims process, it offers unmatched security for the average homeowner, renter, or small business owner. For Ghanaians looking to protect their most important assets and the people who matter, Home/Office 360 Insurance is a smart, practical choice.

Video Credit: SamBoad