UAP-Old Mutual to cash in on home insurance covers ahead of holiday season

Regional financial service prodider, UAP Old Mutual Group is expecting rekindled interest in home insurance covers ahead of the Christmas season from homeowners who are preventing a holiday disaster.

UAP Old Mutual General Insurance MD James Wambugu said that homeowners normally take covers around the festive season to protect their homes from losses associated with burglaries, burst piping, overflowing water amongst other perils.

Additionally homeowners face potentia“Most people go on holiday around this period, leaving their houses empty which increases the likelihood of burglaries. l losses from leaked pipes and other accidents since they are not present to take immediate action when such disasters occur,” Wambugu said

The covers are also meant to protect against fires, riots, injuries and illness to staff employed to domestic staff.

He added that interest in travel insurance is also expected to pick around this period.

“This cover is ideal for those who plan to travel upcountry or outside the country and protects them from losses associated with misplaced luggage, cancelled trips and medical expenses in the unfortunate event of an accident.”

Marine and speciality insurance are other major areas that UAP Old Mutual is eyeing.

The speciality insurance business offers specialised covers for commercial property, energy, construction, political risk and trade credit.