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The country's high-rise buildings will soon be eligible for mandatory insurance coverage, said the commissioner of the National Insurance Commission (NIC).
Judge Yaw Ofori said, "We now have high-rise buildings in Ghana, everyone goes and buys his unit, but there should be insurance for every unit owner and insurance for the unit. The whole building, because if the unit of a burned owner, this can affect the whole building, but people do not see it that way.
He said, "We want this to be mandatory so that when you have a unit in an apartment building, if the building collapses because of the negligence of someone, you benefit." of some protection. "
The commissioner said he wanted to send a bill to Parliament by the end of the year to get the government to join.
Mr. Ofori said, "We are reviewing our law, so we are currently working on the bill."
He added: "We will incorporate additional policies; insurance for apartments and condominiums so that it becomes law. "
As part of its desire to expand the basket of compulsory insurance, the Commission has identified living in high-rise buildings as a risky business.
Condominium Regulation Bill
The construction of high-rise buildings in the country is booming. As a result, the Department of Public Works and Housing, last year, hinted that he was working hard to pbad a bill to Parliament aimed at regulating condominiums in the country.
According to the minister of the sector, Samuel Atta-Akyea, the bill, if pbaded, would lay down the rules and regulations governing the construction and location of such high-rise buildings in the country.
Other compulsory insurance
At present, Ghanaian insurance companies subscribe to two compulsory insurance policies. This is the third-party engine policy and the fire-fighting policy (for private commercial properties).
However, the Commissioner suggested that he was seeking to expand the compulsory insurance coverage to others, such as workers' compensation and group life insurance.
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