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Property Insurance

Motor – Own Damage insurance

Motor insurance provides cover for loss or damage to the insured vehicle/s (Own Property Damage), as a result of accidental collision and/or overturning or fire or theft or malicious acts.

There is a privilege of  “DAILY CASH ALLOWANCE  ADDITIONAL COVER”  under this Policy. If the Insured vehicle sustained an accident and become non derivable, the Insured person will   receive a certain amount of money daily for some days for the purpose of covering his/her daily transportation expenses.  
Fire & Lightening Insurance

It covers the insured property against loss or damage by fire or lightning. In addition, with application of proximate cause, although not directly caused by fire or lightning the following are also covered.

*      Property blown up to prevent the spreading of the fire,

*      Damage by fire brigade in the execution of its duties;

*      Damage by water or other extinguishing agent used during the accident;

*      Loss of or damage to property removed from the burning building caused by the process

*  Of removal or rain provided the insured takes steps as soon as possible to protect the removed property.

* Neighborhood property (Adjoining and Communicating Building).


N.B. 2:2 Allied Perils

In addition to the above mentioned (basic) causes of loss and/or damage, the following additional perils can be covered under this policy with the payment of additional premium;

a.     Aircraft Damage,

b.     Impact damage (loss or damage by accidental collusion / hit by/ a third party object),

c.     Earth Quake,

d.     Spontaneous Combustion (fire from self-ignition),

e.     Storm, Tempest & Flood,

f.     Bursting, or Over flowing of Water apparatus,

g.     Bush Fire Hazardous / Non-Hazardous,

h.     Subsidence and /or Collapse (of land, ….),

i.      Malicious Damage,

j.      Explosion,

k.     Sprinkler Leakage,

l.      Smoke Damage,

m.   Volcanic Eruption,

n.     Malicious Damage.

Burglary & House Braking Insurance
It covers the property insured against loss by theft, accompanied by actual forcible and violent breaking into or out of the building or any attempted thereat, or if there shall arise any damage to the property insured or the premises.
Marine – Cargo Insurance

This insurance covers against loss of or damage to the goods / the insured properties being transported on Sea, on Air or on land.

All Risk – Personal Effects Insurance

It covers the insured property against loss or damage caused by an accident or misfortune

Plate Glass Insurance
It covers loss or damage of glasses destroyed or broken by any accident or misfortune of a fortuitous character

Head Office Address

Bole Bridge, In front of Brass Hospital
Tel:+251- 111-11 97 70/71
Office:+251 - 116- 50 66 32/37/38
Fax: +251-111-11 98 86
P.O.Box: 56144

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