Our Motor Vehicle insurance policy offers three different types of cover. These are:
Third Party Policy
This policy provides a minimum cover and it covers your liability to third parties in respect of damage caused to properties of such third party or injury/death to the third party as a result of the use of your vehicle. Our standard third party has a limit on the liability for property damage. However, there is an option for an increase in the limit upon request. This benefit comes with a small additional premium charge.
This policy does not cover any loss or damage to your own vehicle.
Third Party Fire and Theft
Our Third Party Fire and Theft policy offers the benefits under the Third Party in addition to providing cover for your own vehicle when vehicle or any of its parts are stolen through violence or force, or there is loss or damage to the vehicle as a result of fire.
This policy does not cover own damage losses.
Comprehensive Insurance
The policy provides cover for loss of or damage to proposed vehicle caused by or arising out of:
● Accidental collision, overturning etc.
● Fire, External Explosion, Self-Ignition or Lightning
● Theft, Burglary, House-Breaking
● Malicious Act
● Flood, Storm, Earthquake, Riot, Strike and Civil Commotion
In addition to the above, this policy provides legal liabilities resulting from accident caused by your vehicle. The legal liabilities are:
● Death or bodily injury to any person-unlimited cover
● Damage to property belonging to other people – up to GH 2,000. This can be increased at additional cost.