Waiting Period:
A waiting period refers to the time an insured must wait before some or all of their coverage comes into effect. Only when the waiting period has passed can the insured have a right to file a claim for the benefits of the insurance policy.

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The Insurance Act, 2006 (Act 724) Section 183 and 184 have made it compulsory for all owners and/occupiers of Private Commercial Buildings and even buildings under construction to obtain the Fire Insurance Policy. As a country, we have experienced some fire incidents which have taken our family and properties away from us. We can all remember the Melcom disaster at Achimota in Accra. There was another tragedy at the Fuel filling station around circle in Greater Accra. The recent yearly flood we are experiencing and the yearly fire in most of the market centers in the big commercial cities have become rituals. These incidents take away our lives and properties.

A summary of the documents and information required to make a claim is summarized.
1- Information And Documentation To Be Submitted By The Victim
The victim of motor Accident shall, at the request of the insurer, provide information on the following:
– Surname and other names
– Date and place of birth
– Profession or occupation and employer’s address (If any)

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The National Insurance Commission have published the claims payment guidelines for non-life insurance companies. Going through this guidelines, it is not supposed to take an insurance company more than a month to pay a legitimate claim after all necessary documents are submitted and claim is admissible.

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