Insurance & Valuation
Independent property valuation and comprehensive insurance are mandatory for every Akwaaba mortgage. No shortcuts, no exceptions.
How Properties Are Valued
Every property is independently valued by a licensed valuer registered with the Ghana Institution of Surveyors.
Assignment & Scheduling
A licensed valuer from the Ghana Institution of Surveyors is assigned to the property. The valuer is independent — never employed by the developer or the buyer.
Physical Inspection
The valuer conducts a thorough physical inspection of the property, documenting condition, construction quality, finishes, utilities, and compliance with building standards.
Market Analysis
Comparable property sales in the area are analyzed to establish fair market value. The valuer considers location, amenities, infrastructure, and market trends.
Valuation Report
A formal valuation report is produced with the assessed market value, methodology, supporting comparables, and professional opinion. This report is reviewed by our underwriting team.
Loan-to-Value (LTV) Discipline
Our mortgages are structured with conservative LTV ratios — typically 70–80% of the independently assessed value. This protects borrowers from over-leverage and provides investors with an equity cushion.
What Our Policies Cover
All properties carry comprehensive insurance from NIC-licensed providers. The lender is named as first beneficiary, mortgagee, and loss payee.
Fire & Allied Perils
Coverage for fire, lightning, explosion, and related damages. This is the foundational layer of property insurance.
Flood & Water Damage
Protection against flood damage, water ingress, and burst pipes. Essential for properties in flood-prone areas of Greater Accra.
Structural Damage
Coverage for structural failure, subsidence, and ground movement. Protects the fundamental integrity of the building.
Third-Party Liability
Liability coverage for injuries or damages occurring on the property. Protects the owner from legal claims.
Loss of Rent
For investment properties, coverage for lost rental income during insured repair periods.
Insurance Trust Structure
How Insurance Protects All Parties
- First Beneficiary: The lender is named as first beneficiary on all insurance policies, ensuring claims are directed appropriately
- Mortgagee Clause: The mortgage interest is noted on the policy, preventing cancellation without lender notification
- Loss Payee: Insurance proceeds for covered losses are directed to the lender first, protecting the loan balance
- Annual Renewal: Insurance renewals are managed through escrow, ensuring continuous coverage throughout the loan term
- Coverage Verification: Our team verifies policy adequacy annually and requires coverage equal to or exceeding the outstanding loan balance