This policy is purchased for cars and other road users to provide financial protection against physical damage and/or bodily injury following an accident, fire, flood or malicious damage. It also covers the theft of the vehicle and the third party liability arising out of the use of the vehicle. The geographical coverage of this policy is Kenya, but can also be extended to East Africa by purchasing COMESA yellow card
Covers are available for the following categories of vehicles
These will include Saloons, Station wagons, Estates, and the large Four Wheel Drives. The key aspect of these vehicles is that they must be used for social, domestic and pleasure purposes only.
These will range from pickups, trucks, Vans and company. The vehicles must only be used for the insured business only and will exclude all usage for hire or reward e.g. taxis, matatus and any general carriage of goods for reward or carriage of fare paying passengers.
Used for the insured business, carriage of fare paying passengers (Motor cycle –PSV) or for social, domestic and pleasure purposes
Other Special vehicles
These will include agricultural type vehicles e.g. tractors, combine harvesters, construction vehicles of graders and shovels, to emergency response vehicles e.g. ambulances, fire tenders etc.
Scope of cover;
For each category of vehicle the insured can purchase the following types of covers;
Third Party Only (TPO) -
This is the basic, and minimum cover available. All motorists are mandated to purchase this cover since it is the mandatory cover that a motorist should have.
It provides covers liability to third parties only in respect of bodily injury and damage to third party property.
This is a superior cover since it covers liabilities for both the asset and the third party arising as a result of third party bodily injury and any other accidental damage to the vehicles including collision, overturning, effects of floods, Earthquakes, Political violence and terrorism etc.