Personal insurance

Home Owners Insurance in Ghana

Buildings and contents cover for your home and belongings.

In brief

Home Owners insurance protects the building you own and the possessions inside it against fire, flooding, storm, burglary and other insured perils. You can insure the structure, the contents, or both. Get an indicative premium online, then a firm quote from a Provident agent.

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Indicative only — not a binding quote. Final premium is confirmed by a Provident agent.

What’s covered

Fire, lightning and explosion
Flood, storm and tempest
Burglary and theft following forcible entry
Impact and escape of water (burst pipes)
Alternative accommodation after an insured loss
Optional all-risks cover for valuables

What’s not covered

Wear, tear and gradual deterioration
Damage from poor maintenance or faulty workmanship
Loss of cash beyond the stated limit
Property left unoccupied beyond the permitted period
War, terrorism and nuclear risks

Who it’s for — Homeowners, landlords and tenants who want to protect their property and possessions — especially valuable for financed homes, where the lender often requires buildings cover.

What does home owners insurance cover?

The buildings section covers the physical structure of your home — walls, roof, fixtures and fittings — against fire, lightning, explosion, flood, storm and impact. The contents section covers your furniture, appliances and personal belongings against the same perils plus theft following forcible entry. You can add all-risks cover for valuables you take outside the home.

Do I need buildings and contents cover?

If you own and live in your home, both sections work together: buildings protects the asset, contents protects what is inside it. If you rent, you may only need contents cover. If you are a landlord, buildings cover and loss of rent are usually the priority.

How are sums insured set?

The building should be insured for its full rebuilding cost — not its market value — so a total loss can be fully reconstructed. Contents should be insured for the cost of replacing your belongings as new. Under-insuring either reduces what is paid at claim time.

FAQs

Frequently asked questions

Should I insure my home for market value or rebuilding cost?

Always for the rebuilding cost. Market value includes land and location; insurance pays to rebuild the structure, which can be higher or lower than the market price.

Does home insurance cover flooding?

Yes. Flood and storm are insured perils under a standard Provident Home Owners policy, subject to the policy terms.

Can tenants buy this cover?

Yes. Tenants can insure their contents only, while the landlord insures the building.