Fire & Perils

We will support you, when things fall apart.

Whether it’s your home or your business, you have probably invested a considerable amount of time, effort and money in your property. Fire insurance will protect your property and investments against loss or damage from perils such as fire, lightning and flooding

This policy can also be extended to cover riots, strike, malicious damage, storm, earthquake, and impact by vehicles, aircraft and other aerial devices, subterranean fire, spontaneous combustion, explosion of industrial boilers and economizers, flooding, water damage due to bursting or overflowing of water tanks, apparatus, and pipes.

Claims
In the event of a claim, kindly ensure to have the following
  • A Duly completed Claim form.
  • Police abstract report.
  • Replacement invoice/ purchase receipts/ proforma invoices.
  • Statement on the circumstances of the loss.
  • Witness statements.
Tips & Advice
  1. Always take steps to prevent spread of fire
  2. In the event that you have to take out property out of the building, keep a watchful eye on them
Burglary

Protect your investments from Burglary

This policy provided financial compensation against loss or damage to property contained in your premises by acts of Burglary or housebreaking.


Eligibility
  • Minimum joining age is 30 days for children and maximum limit is 75 years.
  • Children over 18 years are covered up to 25 years with proof of schooling.
Cover Options
  • Minimum joining age is 30 days for children and maximum limit is 75 years.
  • Children over 18 years are covered up to 25 years with proof of schooling.
Machinery Breakdown

Uncertainty is an uncomfortable position. Cover your risks

This policy is designed to provide cover against unforeseen and sudden physical loss or damage to the machinery by any cause subject to excepted risks.

Machines are an integral part of all manufacturing and industrial units engaged in production of industrial/household goods. These may be large industrial establishments or small and medium enterprises and any unexpected accident/breakdown to their critical machinery brings production to a standstill adversely affecting business and causing a financial strain towards repair or replacement of the affected machinery. The Machinery Breakdown Insurance offers coverage to your organization against these sudden unforeseen accidents/events.

Eligibility
  • Minimum joining age is 30 days for children and maximum limit is 75 years.
  • Children over 18 years are covered up to 25 years with proof of schooling.
Cover Options
  • Minimum joining age is 30 days for children and maximum limit is 75 years.
  • Children over 18 years are covered up to 25 years with proof of schooling.
Transit Risks

Never say this won’t happen to me. Protect yourself from uncertainties

This policy covers goods in shipment is to protect the damage caused to goods and the related expenses.

Whether you are buying or selling goods from or to the international market, there is always a risk that they may be delayed, damaged or lost in transit.

Cover your goods from uncertainties.

Eligibility
  • Minimum joining age is 30 days for children and maximum limit is 75 years.
  • Children over 18 years are covered up to 25 years with proof of schooling.
Cover Options
  • Minimum joining age is 30 days for children and maximum limit is 75 years.
  • Children over 18 years are covered up to 25 years with proof of schooling.
Personal Accident

Go confidently in the direction of your dreams. We got you covered

This policy is designed to provide financial help if the insured has an accident or injury or if they suffer fatal injury.

The principle member should be between 18-85 years. Children and legal spouse are included as dependents

This cover can be annual or short term. The short term cover is designed for students who require the cover while on their industrial attachment. It can also be taken by schools to cover students against accidents while at school in the school bus or where they are at school based activities like sports

What is covered?
  1. Accidental death
  2. Permanent Total Disability
  3. Funeral expenses
  4. Accidental Medical Expenses
  5. Artificial appliances.
  6. Political and terrorist related accident and death
What do you need to get cover?
  1. Duly filled proposal form
  2. Copy of ID and PIN
  3. Premium payment as per the option selected
What do you need to do in event of claim?
  1. Report the claim immediately once notified
  2. Provide a duly completed claim form
  3. Police abstract
  4. Receipts for medical expenses
  5. A doctors report in the event of Permanent Total Disability
  6. Death certificate in the event of accidental death
Cover option without artificial appliances
BENEFITSOPTION - AOPTION - BOPTION - COPTION - D
Accidental Death100,000250,000500,000750,000
Permanent Total Disability75,000200,000400,000600,000
Accidental Medical Expenses50,00050,00075,000100,000
Last Expense20,00050,00075,000100,000
Premiums per Person2505007501,000
Political & Terrorism Risk50100150200
Premium per person3006009001200
Cover option with artificial appliances
BENEFITSOPTION - EOPTION - FOPTION - GOPTION - H
Accidental Death100,000250,000500,000750,000
Permanent Total Disability75,000200,000400,000600,000
Accidental Medical Expenses50,00050,00075,000100,000
Artificial Appliances20,00020,00030,00050,000
Last Expense20,00050,00075,000100,000
Premiums per Person3355158001100
Political & Terrorism Risks70105160220
Premiums per person4056209601320
Features of the product
  1. Can be taken by individual, family or groups
  2. Has a Political, Violence and Terrorism extension
  3. One is able to insure dependents
  4. Can be taken by students going on industrial attachment
Landlords Insurance

Enjoy life without outliving your money. Cover Your rental property with us today.

This is an affordable comprehensive, tailor made cover that enables landlords benefit from several policies in a single package. Subject to the terms and conditions, the policy is offered upon the fact that the buildings are owned solely for rental purposes only.

BUILDINGS

This policy provides insurance coverage for the building against losses resulting from Fire lightning, Earthquake, storm, floods, burglary, accidental impact to the building, bursting or overflowing of water tanks, escape of water from storage facilities, falling trees, riot and strike, explosions from gas cylinders, impact from aircrafts or other aerial devices.

Electrical installations,

This policy covers the following named electrical installations - CCTV /Alarm systems, dishes e.g for DSTV and, Water Pumps and Electric Fences against all risks unless specifically excluded. This forms part of the sum insured but needs to be captured separately at proposal stage.

LOSS OF RENTAL INCOME-OPTIONAL

The policy covers for loss of rental income to a maximum of 12 months following loss occasioned by the perils in (buildings) above.

CONTENTS FOR FULLY FURNISHED RENTAL APARTMENTS/ HOMES - OPTIONAL

This policy provides cover against loss or damage to furniture, electronics and other contents as described in the schedule against losses in (buildings) above. In addition, this section also covers thefts occasioned by the tenants.

MORTGAGE MONTHLY LOAN INSTALLMENTS - OPTIONAL

This policy covers loan repayment following an occurrence of an insured event which leads to total loss of rent for a period not exceeding three months subject. It is anticipated that within three months the adjustment report should have reached the company and a final position on the loss will be know. There are two options available:

  • With a time excess of 30 Days
  • With a time excess of 60 Days

COVER FOR BUILDING CARETAKER-Wiba Act 2007

This policy provides cover against legal liability to you as the employer under the Work Injury Benefits Act (WIBA). The cover available is for:

  • Accidental death or bodily injury in the course of duty
  • Medical expenses
  • Funeral expenses

THIRD PARTY LIABILITIES

This policy provides cover for legal liability that may arise from accidental bodily injury or damage to property in connection with the owner-ship of the building.

Eligibility
You must be a property owner
Cover Options
  • Buildings as well as electrical installations attached to it
  • Loss of rental income
  • Contents for fully furnished rental apartments or homes
  • Mortgage monthly loan payments
Features and benefits
  1. Comprehensively covers building, income, contents, mortgage and employees
  2. Deposit refund for tenants in the event of an insured peril rendering the building inhabitable
  3. Fire brigade charges up to Kshs. 200,000/=
  4. Cost of debris removal following a fire up to Kshs. 200,000/=
  5. Cost of replacement of keys/replacement of locks up to Kshs. 5,000/= following a burglary or attempted theft
  6. Legal liability to third parties for death, injury, or damage to their property arising out of ownership of property up to one million
  7. Free Work Injury Benefits Acts insurance for the building one caretaker
  8. 10% discount on premium for the landlords personal home insurance
  9. 10% discount on Contractor all Risk/construction insurance for future developments
  10. 10% cash back for prepaid premiums after three years if the first three years are without a claim.
Claims
When reporting a claim, you should ensure to have the following in order
  1. Report claim as soon as the client has informed you
  2. Duly executed claim form
  3. Police abstract
  4. Receipts/ invoice for contents/installations claimed
Tips and Advice
  • Always ensure the property is under your name
  • Always have your proof of ownership documents secured in a safe place
  • CONTRACTOR ALL RISKS

    Never take a risk you can’t afford to lose! Cover your civil projects over sudden and unforeseen physical damage

    Whether it’s your home or your business, you have probably invested a considerable amount of time, effort and money in your property. Fire insurance will protect your property and investments against loss or damage from perils such as fire, lightning and flooding

    This policy covers projects on site during construction period, and, if required during maintenance period.

    This is a property insurance cover for any building or civil engineering project. Legal liabilities to third parties can be included as well.

    Project is exposed to risks beyond control of contractor. The policy covers pprojects such as:

    • Residential, commercial, office buildings, hospitals schools e.t.c
    • Factories, Power Plants
    • Roads and Railway facilities, Airports
    • Bridges, Dams, Tunnels, Water Supply and drainage systems, canals, harbours (County projects)

    NB:- Target the above projects for business)


    RATE

    Machinery

    • 1% minimum Kshs.20,000/=(Inclusive of riot & strike)
    • PVT = 0.3% minimum Kshs.6,000/=
    • T.P.O. 5,000/= (For road risks)

    Constructions/Projects

    • 0.15% of contract value, with a maximum sum insured of Kshs.299 million.
    • Third party property liability – 5M per event & 100M per year

    Excesses:-

    • Acts of God: 5% of loss minimum Kshs.250,000/= for contracts above Kshs.10M.
    • 5% of loss minimum Kshs.50,000/= for contracts below 10M
    • All other claims: 10% of loss minimum Kshs.50,000/=

    Extensions

    Professional fees: 5% of contract value maximum Kshs.500,000/=

    Debris Removal: 5%of contract value maximum Kshs.500,000/=

    NB:- All Projects/machinery above Kshs.300 million, seek separate quotation)

    PARTIES TO BE COVERED

    • The Principal
    • The Contractor

    Exclusions

    • War and War like risks
    • Nuclear Risks
    • Gross negligence of Insured
    • Cessation of work, total or partial
    • Deductible
    • Consequential losses
    • Faulty design
    • Defective material and or workmanship
    • Wear and tear, etc.
    • Files, drawings, etc.
    • Losses discovered at time of taking inventory
    • Vehicles licensed for general road use
    Home Insurance

    Sit and relax with your family at home without too much worry

    Your home and the assets in your home are some of the most important belongings to your family.

    Cover your home and the contents you so love with the Co-op Bancasurrance Domestic Package.

    This product allows you as the homeowner or the tenant to benefit from several policies that are comprehensively packed in one package.

    Overview

    1. Buildings

    Covers building against loss resulting from fire lightning, earthquake, storm, flood, burglary, accidental impact to the building, bursting or overflowing of water tanks, escape of water from storage facilities, falling trees, riot and strike, explosion from domestic gas cylinders, impact from aircrafts or other aerial devices.

    2. Household Contents

    The policy will provide insurance against loss or damage to furniture, electronics, cutlery, crockery and all other contents of all description against losses resulting from the perils in (buildings) above.

    3. Cover for personal items

    This part will provide cover for loss or damage to the following specified personal effects against all risks unless specifically excluded.

    • Mobile phones
    • Laptops
    • I pads
    • Jewellery
    • Spectacles
    • Led and Plasma TVs
    • Hearing aids
    • Electrical installations e.g. Dstv, alarm systems etc
    • Camera

    4. Domestic employees

    This will provide cover for legal liability to you as the employer under the Work Injury Benefits Act (WIBA) against:

    • Accidental death or bodily injury in the course of duty.
    • Medical expenses.
    • Funeral expenses.

    5. Third Party Liabilities

    This will provide cover for legal liability that may arise from accidental bodily injury or damage to property in connection with the owner-ship and /or occupation or the residence by the insured or his household.

    There is an optional Political, Violence and Terrorism extension to cover that covers against losses caused by terrorism or political violence.

    Unique benefits under the package

    Unique benefits under the package

    1. Free First aid kit for every household
    2. 1 free nanny training on safety and prevention, prompt detection when a child is ill, controlling bleeding, care of fractures, dealing with burns, common medical emergencies, your first aid kit, child abuse, detection and prevention, resuscitation and CPR and practical sessions.
    3. Emergency medical expenses following assault during burglary up to 20,000/-
    4. One emergency ambulance rescue service per family per year following fire or burglary.
    5. 10% cash back for paid premiums after three years if the first three years are without a claim.
    6. Loss of personal money up to ksh 5,000/- following fire or burglary.
    7. Cost of replacing damaged grilles following a burglary-ksh 5,000/-
    8. Damage or loss of insured contents on transit while the insured is moving houses- ksh 20,000/- (following collision or overturning of conveying motor vehicle)
    9. Cost of replacement of keys/replacement of locks up to ksh 5,000/- following an attempted theft or fire
    10. Cost of alternative accommodation following an insured event not exceeding 10% of the sum insured.
    11. Damage to contents in the freezer up to ksh 5,000/- following continuous power failure for a period exceeding 12 hrs.
    12. Mobilization (initial payment) up to 10% of a documented and valid claim for contents/building to the affected insured in the event of fire or theft.
    13. Cost of debris removal following a fire up to ksh 200,000/-
    14. Fire brigade charges up to ksh 200,000/-
    15. Damage to guest effects up to ksh 20,000/- for any one event.
    16. Work injury benefits in insurance for the first two domestic workers- up to ksh 2,000,000/-
    17. Owner/occupiers liability up to ksh 2,000,000/-
    Eligibility
    You must be a property owner
    Cover Options
    • Buildings as well as electrical installations attached to it
    • Loss of rental income
    • Contents for fully furnished rental apartments or homes
    • Mortgage monthly loan payments
    Features and benefits
    1. Comprehensively covers building, income, contents, mortgage and employees
    2. Deposit refund for tenants in the event of an insured peril rendering the building inhabitable
    3. Fire brigade charges up to Kshs. 200,000/=
    4. Cost of debris removal following a fire up to Kshs. 200,000/=
    5. Cost of replacement of keys/replacement of locks up to Kshs. 5,000/= following a burglary or attempted theft
    6. Legal liability to third parties for death, injury, or damage to their property arising out of ownership of property up to one million
    7. Free Work Injury Benefits Acts insurance for the building one caretaker
    8. 10% discount on premium for the landlords personal home insurance
    9. 10% discount on Contractor all Risk/construction insurance for future developments
    10. 10% cash back for prepaid premiums after three years if the first three years are without a claim.
    Claims
    When reporting a claim, you should ensure to have the following in order
    1. Report claim as soon as the client has informed you
    2. Duly executed claim form
    3. Police abstract
    4. Receipts/ invoice for contents/installations claimed
    Tips and Advice
  • Always ensure the property is under your name
  • Always have your proof of ownership documents secured in a safe place