Commercial Car Insurance
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- Commercial Car Insurance
Estimating car insurance costs
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Why do you need car insurance?
- Requirement for cars to be used on the road
- Easy compensation for losses caused by your car to other people
- Get vehicle repair services incase of an accident
- Get compensation incase of fire damage to your vehicle
- Get compensation incase of vehicle theft.
How to calculate how much car insurance coverage you need
Vehicle insurance cost depends on the type of vehicle insurance cover purchased by the vehicle owner.
There are three main types of commercial motor insurance policies in Kenya. They include:
- Third Party Only Insurance
- Third Party Fire and Theft Insurance
- Comprehensive Insurance
Third Party Only insurance offers compensation against claims arrising from damages caused by your car to other people’s property or lives; these are refered to as third party liabilities. Third party fire and theft insurers against third partyliabilities and losses to the vehicle owner caused by fire or theft. Comprehensive insurance offer compenstation for third party liabilities and lossesto the vehicle brought about by theft,fire or accidents.
Comprehensinve insurance is often only sold to vehicles under 15 years of age since year of manufacture.
Coverage levels and insurance pricing
Most insurance companies focus on Third party Only insurance and comprehensive insurance.Third party only commercial vehicle insurance is calculated as a fixed annual amount irrespective of vehicle value or age. Comprehensive insurance is however calculated as a percentage of vehicle value and may be dependent on vehicle make and age.
A better understanding of commercial vehicle insurance
There are additional insurance and security measures often recommended for comprehensive commercial vehicle insurance. This extensions are optional but offer great value in the event of related loss. They include:
WATCH YOUR INSURANCE ADD UP.
Save money through getting the most ideal insurance cover for your car. We offer a variety of insurance covers from reputable insurance companies to help us meet your most ideal insurance match.