Low Uptake Of Flood Insurance Leaves Homes Exposed – Sunu Assurance CEO
As heavy rains wreak havoc across Accra and other parts of Ghana, the Executive Director- Finance and Admin. of Sunu Assurance, Mr Gideon Sosu, is sounding the alarm on the country’s low adoption of property and flood insurance, which continues to leave homes and businesses vulnerable to financial ruin.
In an interview with Pent News following the recent floods, Mr Sosu lamented that many affected properties could have been protected had their owners secured even basic insurance coverage.
‘In developed countries like the UK and the US, these protections are often embedded in rent. So, when tenants pay their rent, it includes premiums for disaster-related risks,’ he noted. ‘Unfortunately, in Ghana, most renters and small businesses consider insurance optional and often ignore i...
