Mr and Mrs Raymond were the envy of their neighbourhood. In their gated community, most newer residents kept to themselves. But even they know exactly who the Raymonds were. They were the kind of family children aspired to grow up into. Mr Raymond owned a series of businesses and Mrs Raymond worked as a director at an NGO. Life was nearly perfect. Their children were enrolled in the best schools and they even owned an upcountry home that they spent the holidays in. One holiday they decided to travel abroad.
They were travelling to celebrate Mr and Mrs Raymonds’s 15th wedding anniversary. They’d been saving for a dream holiday in Dubai. While there, they got to visit all the iconic sites and take part in adventures they otherwise couldn’t have elsewhere. They got to visit the Burj Khalifa and went all the way to the 148th floor. Being so high up triggered a hankering for further adventure for Mr Raymond. They got to tour the city at night to watch the lights bring the night to life. Mrs Raymond got to visit the Dubai Mall and went shopping in all the stores she wished they had back home. She also toured the souks and got so many gifts for her friends and family back home.
They visited the Palm Jumeirah, the artificial island famed for being shaped like a palm tree. The Raymonds were ecstatic having finally found the time between their busy schedules to go on a dream vacation. They sunbathed on the beaches, swam in the clear warm waters and even planned on extending their stay in the local resort.
Soon after, they went on desert safaris. First on camels then their tour guide told them about driving all-terrain vehicles in the sand dunes. At first, they were cautious, only watching other travellers doing it. Eventually, Mr Raymond, someone who had always loved cars, decided he wanted a chance at the fun. Unfortunately, while driving, Mr Raymond got into an accident that left him severely injured. The car flipped and flung him out of the vehicle. Even with seatbelts on and a helmet, he ended up having to get emergency surgery when he lost consciousness.
The doctors said his brain was injured and he had to be left in a coma until the swelling reduced. If they had to deal with it on their own, the medical bills and retransfer back to the country, it would have depleted their savings and sent them into nearly unmanageable debt.
With access to diaspora insurance, it cost them little to cover their medical expenses abroad. In addition, the transfer from Dubai to Nairobi also cost them next to nothing. As their family members came together to assist, all they had to contribute was watching the children and ensuring their home didn’t become rundown. Mrs Raymond was also able to maintain their way of life because they had insurance to cover their costs now that they’d lost the breadwinner.
After a little over a month, Mr Raymond regained consciousness. After getting world-class healthcare, he was able to go back home and start at-home recovery. With physical therapy covered, he could focus on recovering without having to worry about debt. His children were able to remain in school and his wife didn’t have to make any financial sacrifices to maintain their home. After being thankful to all the people who had helped take care of him, Mr Raymond regained full mobility and was able to return to work. But not too much. He couldn’t wait to tell his family about a trip he was hoping they could make to Iceland so they can see the volcanos. But no sand dune driving this time.
Because they had diaspora, health, and personal accident insurance policies, this family was able to protect their financial future. Insurance is necessary for ensuring that disaster doesn’t derail your life. From protecting the belongings in your house to any staff you may hire to manage your home, safeguarding your health, car or devices. Having insurance means you don’t have to worry about breaking the bank to replace any lost or damaged items, leaving your future finances intact.
Why insurance can be great for future-proofing
Different insurance policies ensure that you have financial stability even when you experience a disaster or unexpected loss. This is a great way to ensure your future is secure. Insurance also ensures you can maintain your living standards when something unexpected happens. This way you don’t have to go into debt to restart your life should a calamity happen. Breadwinners can also seek insurance policies that ensure their dependents don’t have to go into debt if something happens to them.
Insurance can also enable you to access financing. Some insurance policies let you make withdrawals against the policy as security. Future-proofing with insurance means you can also alleviate anxiety or worry over any disasters.
Learn more about Equity Bancassurance
Equity Bancassurance provides customers with motor insurance, life insurance, health insurance, personal accident insurance, property insurance, agriculture insurance, livestock insurance, crop insurance, marine insurance, and travel insurance, among others. Equity also offers customers free claims management, risk advisory services, insurance advisory services, and insurance premium financing. They work by giving people across East and Central Africa access to insurance policies regardless of their economic background.
Insurance Premium Financing
Through Insurance Premium Financing, Equity offers you a loan that will facilitate payment for all Insurance premiums. This ensures you are never out of coverage and always protected to prevent the financial and emotional stress of a major setback without insurance. It works for any insurance policy whether motor vehicle, non-motor vehicle, home insurance, or health insurance. When you can’t pay your premiums, Equity offers you a short-term loan to cover the cost of the insurance that you can repay in easy monthly instalments. It needs no security and only needs a PIN and ID for individuals and a CR 12 and company resolution for organisations. The repayment period for medical insurance policies is 6 months and for non-medical insurance policies is 10 months.
All-risk insurance
If you own a business or work in an industry that requires additional labour, this policy covers risks of physical loss or damage to the property. If you are a photographer, event planner, musical band, or organiser, this insurance policy covers any damages to the property. All-risk insurance ensures you don’t have to go into debt in case you have any property damage while working. Go to the nearest Equity Bank branch to know more about this policy or enter your details on this website form and someone from the bank will contact you.
Another version of all-risk insurance is Contractor All-risk Insurance. If you’re a contractor, this policy covers loss or damage to contract works and materials from fire, floods, natural disasters, malice or impact damage. It covers damage to buildings, roads, or any other infrastructure. The policy also covers liability to third parties for bodily injury. To learn more about it, fill in the website form or visit the nearest Equity Bank branch.
Why Equity Insurance is the best option
Future-proofing is one of the best things you can do for yourself, your family, your business, and even your farm. With robust insurance options, you can choose multiple policies that cover what matters most to you. Whether you’re a homeowner or a farmer, insurance works to ensure you don’t have to break the bank to rebuild your life. When disaster comes for you, it can’t destroy you if you’ve secured insurance. Bad luck doesn’t discriminate but preparedness can shield you from financial ruin.
Visit your nearest Equity Bank branch or visit the Equity Bank Website for more information about Equity insurance today. #EquityProtect
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