Co-operative Bank Gives You A Variety Of Insurance Coverage

One never knows the importance of something until they lose it. I’m sure you have heard or experienced that so many times.  It is not fun losing things we value, which is why we should guard them jealously, if I may say.

The universe knows that even the most careful people can mess up once in a while, or just be victims of a tragedy they didn’t see coming. That is why we have insurance covers, to cushion us during such times.

As life has it, one never knows when a tragedy will befall them. That is why, instead of taking the risk of trying to protect yourself and what you own, you would rather just have them all covered. It gives you peace of mind. You live a tension-free life knowing that you are protected.

Co-operative Bank gives you that much-needed peace of mind as it offers you a number of insurance coverage. It helps you bear the burdens of your losses, in case of any, without you feeling so weary and defeated.

Here are some insurance covers offered to you by Co-op bank;

• Motor cover

Car owners know the risks they are likely to face just by virtue of owning a car. Co-op bank covers you in case of an accident, fire or theft of your car and third party liabilities.

• Burglary insurance

Do you have a shop? A business? Not all of us work as hard as you do to see your business grow for you to earn a living.

In case of theft of your stock or other equipment, the Co-op bank has this cover specifically for you. Its premium is 0.5 percent.

• Domestic Insurance

Home should be where we find rest and feel protected from harm. However, there are times when bad things and situations, such as fire, natural disasters, social unrest, and theft take us a step backward.

Whether you are a homeowner or a tenant, this insurance cover is so important.

• Personal Accident Insurance

Life is a mystery. One minute you feel mighty fine, the next meaning you are injured, or you are scheduled for major surgery or treatments that need a lot of money to have you treated. Heck, sometimes life throws at us misfortunes that render us disabled, and at some point, people die. That is life.

This insurance provides monetary payments in case any of the aforementioned situations befall you.

• Biashara Salama

This one covers against loss of stock and other business tools through theft, fire, social unrest, lightning, and water damage.

It can extend to provide personal accident cover for the business owner and his/her family to cover accidental death, injuries that lead to disability and hospital costs.

The policy can also be extended to include Group Funeral Expenses (GFE) with a limit of 20,000 shillings at an annual premium of 400 shillings.

• Fire and Perils Insurance

Should you be a land or property owner, this policy offers protection over your office equipment and stocks against fire, theft, social unrest and the forces of nature. The cover can be extended to cover political violence and terrorism. The premium rate is as low as 0.125 percent.