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Motor
Cover
Domestic Cover
Fire Cover
Accident Cover
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As a policy holder, it is your responsibility to ensure that your assets [possessions] are insured for the right perils and amounts. It is advisable therefore that you look at the terms and conditions of your insurance policy to check the adequacy of the cover.
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Dynamic
Insurance
Did you know… Dynamic Insurance Brokers has Offices in four countries? As part of our vision to expand, we have offices in…
MORTAGE PROTECTION POLICY
General Remarks
Granting loans is part of the core business of most financial
institutions and the business of granting mortgage loans to finance the purchase
of homes is an integral part of the functions of modern banks. These loans are
exposed to certain financial risks, which if not protected and monitored will
place the solvency of a financial institution in dire straits. The possible
risk exposure is bad debt.
a. These
may result from the inability of the debtor to pay or service the loan as per
agreed terms.
b. Death or permanent total disability of debtor.
The Botswana Insurance market have only the capacity to offer protection against bad debts resulting from death or permanent total disablement of the borrower and Mortgage Assurance policy provides such a protection to the bank.
