What do you put into consideration when you are investing in a motor vehicle?
Many people including you may have on top of their mind maintenance costs, and security of the vehicle. While both are important considerations, in this article we will consider the security of your asset. This is where insurance comes in. Why you may ask.
Insurance is a protection for your asset in the event that your vehicle gets damaged in an accident, gets stolen, or it breaks down. This is the reason why you need to insure your asset so that it can cover you in the event of any of those occurrences.
Many people have encountered such incidences in their life. In order to avoid paying the extra costs and most often very high costs, you should insure your asset. This, however, doesn’t mean you should settle for just any insurance cover you come across. It is essential to do thorough market research for the best cover that suits your needs. Here at Africus Insurance, we have made it easy for you to find the product that best suits your assets.
Most insurers here in Kenya including Africus Insurance offer 3 types of covers to protect your vehicle. Africus Insurance is a renowned name in the field of insurance that offers its services countrywide. The different types of covers that we provide are:
- Third-party insurance
- Third-party fire and theft insurance.
- Comprehensive car insurance.
A huge population of people prefers to buy third-party insurance over the other two because of the variation in costs. However, to gain maximum benefits from the cover, it’s advised to purchase the other two insurance policies.
The suitability of any one cover may be determined by your coverage needs, and finances available. Africus insurance offers the provision of custom-tailored plans that best suit your needs to be on the cover. All this can be done right from the comfort of your living room!
Now, let’s consider what each of the above insurance plans entail.
Third-party Car Insurance.
As per the Kenyan law, all vehicles running on the road must be insured. The choice of the type of cover solely lies on you. Third-party car insurance is the most basic when it comes to covering your car in the event of an accident. If you are looking for minimum coverage of your car, then this is the right plan for you.
This type of cover meets the expenses that are incurred from an accident that occurred as a result of your actions. The plan will take charge of the arising liabilities from the damage made to the other person, vehicle, or property.
This insurance plan does not cover you, or your car. Third-party insurance (as the name suggests) will only provide coverage for the third person, that is the other person who was involved in an accident with you. This means that in the event of an accident, you are not covered, you will foot your expenses arising from the accident.
If this is your preferred insurance plan, here at Africus Insurance will provide you with the best coverage from all the third-party liabilities directed at you. Get in touch with us today to share your requirements or request a quote.
Third-party fire and theft insurance
This is not a very common cover. It covers theft, fire, third-party bodily injury, and property damage. It has some features of comprehensive cover but is limited. It is suitable for vehicles that aren’t exposed on the roads.
Comprehensive car insurance.
Many people are exploring and doing in-depth research as to the insurance plan that has maximum benefits and one that best suits their needs. As such many are realizing the importance of having their vehicle fully covered, hence, comprehensive cover is gaining popularity. When you choose this type of cover, any third-party expenses, emergency medical bill costs, and costs arising from the loss or damage done to the car or its parts are covered.
We at Africus insurance assure you that you will get a total sense of monetary value and car protection when you purchase the comprehensive cover. The claim process is hassle-free. Get in touch to know more about the quotes and benefits under this plan.
By now you know the three types of covers for vehicles offered in Kenya. Have you seen what best suits your needs? Do you still have questions or need more information or clarification? Please call us or come to our offices where we can help you make a decision based on your needs and circumstances
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