en English

Bankers’ Blanket Bond Insurance Key Considerations

Financial institutions should consider the following while choosing a Bankers Blanket Bond insurance policy:

Assess Specific Risks

It is important to evaluate the unique risks faced by the institution based on its size, operations, and geographic location.

Policy Limits and Deductibles

Consider appropriate coverage limits and deductibles that align with the institution’s risk appetite and financial capacity.

Coverage Exclusions

Endeavour to understand any exclusions in the policy to identify potential coverage gaps and consider additional coverage if necessary.

Regulatory Requirements

Ensure that the policy meets all regulatory requirements and industry guidelines for financial institutions.

Claims Handling

Review the insurer’s claims handling process and their reputation for handling claims efficiently and fairly.

Bankers’ Blanket Bond Insurance

Other types of insurance cover

Travel Insurance

Travel Insurance

In an ideal world, planes are on time, luggage arrives safely, traffic flows smoothly and the weather is perfect.

Motor Cycle insurance

Motor Cycle Insurance

We offer a range of options on Comprehensive Private Motor Cycle insurance so you can customize it to your individual needs.

Bonds Insurance

Bonds Insurance

Here an insurance company guarantees the principle payments of interest in the event of a payment default by the assured.

FAQ’s

You will need contents insurance, sometimes known as all risk cover, for items for which you require cover out with the home. Please provide details of these items at the time of quotation to ensure that the policy provided meets with your requirements.

Accidental Damage cover provides protection against costs incurred through damage that you, your family members or visitors may cause to the structure of your Building or to your Contents. Examples of incidents which would be covered under this extension include putting your foot through the loft floor damaging the ceiling below, leaving a tap running leading to water damage or carpet spillages. Such incidents would not be included under a policy taken out to cover Standard Perils only.

Additional charges will apply and in certain circumstances this cover might not be available.

Items kept in the garage or garden sheds will be covered under the Contents section of your policy provided you have included their value in the total sum insured declared. Limits may apply to the amount that can be claimed for theft of items taken from outbuildings and additional charges may be made for certain items such as ride on mowers. Cover for motor vehicles and motorcycles is excluded. Please declare your requirements for cover kept in outbuildings at the time of quotation to ensure that the policy provided meets with your requirements.

In most cases you will need to arrange cover for your own contents and personal possessions. Please refer to your tenancy agreement to check what, if any cover is provided by your landlord.

An excess is the amount a policyholder is required to pay towards the cost of any claim. You may be asked to pay this amount to a company that has carried out repairs on behalf of your insurer, or alternatively the sum will be deducted from any settlement received.

Tips:

Goldstar claim process

No matter what your worry is, we’re here to help explain the process, assess your claim fairly and minimize the disruption to you with a transparent claims process.

Read More...
How to make a claim

We have a number of options to help you make a claim quickly and effectively. Contact our dedicated claims team for advice on an incident/claim.

Read More...
Why choose us ?

Goldstar Insurance was IFM’s Best Insurance Company in Uganda (2015) and has over the years consistently maintained a Global A+ Credit Rating

Read More...