Equatorial Guinea Insurance
A small country located in Africa is has 52.5 free economy which ranks 129th freest economy in the world. The currency is pegged to Euro which makes the country less susceptible to inflation perils. The country has low threat of terrorism; however, while travelling to Equatorial Guinea, you should carry copies of proper documentation for safety and identification purposes. There have been instances of petty thefts in the country while travellers had been travelling in the country. Similarly, violent crime is also not high in Equatorial Guinea but presence of military or police is common on the street due to unstable political events in the country. The basic insurance sector in Equatorial Guinea is extremely small. Only three insurance companies operate in the whole country along with one re-insurance company. When you are travelling to Equatorial Guinea, you must essentially take travel and health insurance cover for the entire period of stay. You ought to check exclusions in the policy and opt for a comprehensive cover while travelling to Equatorial Guinea. You policy cover should essentially cover all the activities that you wish to undertake during your stay. It is wise to opt for comprehensive travel and medical insurance before travelling to Equatorial Guinea. Medical facilities are poor in the country and local food may be unhygienic for consumption. Thus, it is always advisable to have boiled or bottled water. You should also avoid ice in the drinks. Your comprehensive travel insurance cover should include your basic requirements. You also need to take a comprehensive medical insurance while travelling to Equatorial Guinea. If you suffer from any food and water borne disease, you may need to evacuate to Europe. Medical stores in Malabo and Bata store basic medication for any emergencies but it is always wise to carry your own medication. If you plan to stay for more than a month in Equatorial Guinea, then you would need to register with High Commission in Lagos. This is especially necessary for British Nationals. If you plan to purchase a house in the country, then the best way is to opt for mortgage. You can fund your purchases through mortgages or home loans in Equatorial Guinea. You can find information online about insurance agents and brokers in Equatorial Guinea with their phone numbers and other contact information listed on the yellow pages on the internet. Check out Equatorial Guinea Homeowner Insurance online. Auto insurance in Equatorial Guinea is not really common. Moreover, if you hire a car while you are travelling, the rental rates are all inclusive of the insurance cover. When you are travelling to Equatorial Guinea, you may often find road blocks and military check points. It is important to carry all documentation with you when travelling in the country. Absence of proper documentation may result in detention. Insurance cover is amongst proper documentation and you ought to have copies of the same, just to avoid any mugging or petty thefts that are prevalent in the country. You also need to have an International Driving Permit to hire a car for yourself. However, it is always safe to go with a local driver who can understand the local language and guide you around. Since there is limited scope for insurance in the country with only three insurance companies, home insurance, auto insurance, etc. are less prevalent. However, life Insurance and health insurance covers are more popular amongst the affluent class.
