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Best Third Party Insurance cover in Kenya

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Table of Contents Hide
  1. Madison insurance
  2. CIC insurance
  3. Directline Insurance
  4. Old Mutual Insurance
  5. Britam
  6. Cooperative Bank
  7. Pioneer Insurance
  8. Takaful Insurance
  9. Standard Chartered Bank
  10. Family Bank
  11. Geminia Insurance
  12. Mayfair Insurance
  13. Equity Bank
  14. Heritage Insurance
  15. KCB Bank

Here is a list of the best Third party Insurance cover in Kenya:

Madison insurance

Covers legal liability for damages including the related costs and expenses for:

Extra Benefits

CIC insurance

Lipa mdogo mdogo

CIC Easy Bima is a monthly motor insurance cover from CIC General Insurance Company. The cover enables you to pay for your motor vehicle insurance on a monthly basis, easing your financial burden.

Why Easy Bima

Our motor product has been digitally transformed to offer value to our customers as follows.

Why Easy Bima?

What Is Covered?

Directline Insurance

 Third Party Only (TPO)

This is the basic, mandatory cover you as a motorist must have. It provides cover for third parties in case of bodily injury or damage to their property. Under TPO, we compensate the policy holder against legal liabilities incurred as a result of the use of the motor vehicle, such as, Third Party Injuries, Third Party Property Damage & Legal Representation. TPO applies to the following categories of vehicles.

PSV Matatu cover includes vehicles used in public transport with a seating capacity of 8-36. This cover can be arranged on monthly or annual basis.

PSV bus is a vehicle used in public transport and has a seating capacity of 37-105.Buses under Third Party Only (TPO) are this cover can be arranged on monthly to annual basis.

Taxi are vehicles with seating capacity of 2-7 that are engaged in a public transport business. Under this cover, policies can be arranged on monthly or annual basis for taxi owners.

Commercial motor include both own goods and general cartage vehicles used for carriage of goods in connection to insured’s business or for hire and reward. Policies can be arranged on monthly or annual basis.

Private motor are vehicles used for social, domestic and pleasure purposes or in connection to insured’s business. Policies can be purchased on a monthly basis via our BimaTap product or on an annual basis.

Requirements

Payment mode

Old Mutual Insurance

Third-party Fire and Theft – This package shields you against all third party risks including death, bodily injuries, and/or property damage Losses and/or damage to your vehicle caused by theft and fire are also covered under this package

Third-party Only (TPO) – This cover only protects you against third party losses including death, bodily injuries and/or property damage

How does it work?

This insurance package shields vehicles against loss or damage resulting from accidents, accidental fires and theft. Third-party liabilities such as death, bodily injuries, and/or property damage are also covered under this product.

Below are some of the benefits you can enjoy on the cover:

Britam

Cooperative Bank

Enrollment Requirements

The enrollment process is very easy. All you need are the following documents:

Eligibility

Any person over 18 years and with a valid driving license.

Benefits

Possible extended benefits such as:

Pioneer Insurance

What is offered

Motor Vehicle Insurance is a basic and compulsory coverage mandated by law
It has the following categories:
• Third Party Only
• Third Party, Fire and Theft
• Comprehensive Motor Insurance

Benefits at Glance

Depending on the level of cover chosen benefits include:

Takaful Insurance

What Cover do I have?

How much must I pay if I have a claim?

How do I make a claim?

You should report to us immediately. We will ask you for the following documents:

Can I cancel the policy ?

You should report to us immediately.

You may cancel the policy at any time by telling us in writing via email to talktous@takafulafrica.co.ke. We may cancel the policy by giving you seven days’ written notice to your last known address. We will charge you on a pro rata basis for the time we have been on cover plus an administration fee of Ksh.1,000 and pay any refund due to you. There will be no refund if we have paid a claim or one is outstanding at the time you cancel your policy.

Standard Chartered Bank

Key Features

Insurance by item:
Authorised repair / medical / towing charges / windscreen / vehicle entertinment system / vehicle aoccupant emergency medical expense
Forced ATM withdrawal after hijack up to KES 20,000
Alternative accomodation after an accident more than 30km from residence up to KES 10,000
Excess amounts:
Accidental Own damage and Partial Theft Excess – 2.5% of sum insured, minimum KES 30,000, maximum KES 100,000
Theft (with anti theft device) – 10% of value minimum KES 20,000
Theft (without anti-theft device) – 20% of value, minimum KeS 20,000
Theft (with tracking device or fleet management system) – 2.5% of value, minimum KES 20,000
Third Party Property Excess-Ksh 7,500
Young and/or Novice Driver-Additional Excess of  Ksh 5,000
Third Party Injury Excess-Nil
Loss of Use- Time Excess of 3 days
Limits of liability:
Description Limit
Third-party persons Unlimited
Third-party property damage Min KES 3 million and Max KES 20 million
Passenger liability Min KES 3 million per person and Max KES 100 million per event
Geographical limit East Africa (excluding third-party liabilities outside Kenya)
Personal injury cover(Death Limit for Driver) KES 500,000
Loss of personal effects KES 20,000 (excluding mobile phone and cash)

How does one file a claim?

Visit your nearest Sanlam/Standard Chartered branch with the following documents
1. Police Abstract
2. Copy of driver’s licence
3. Executed Claim Form to be provided from any of our Standard Chartered branches/Sanlam Offices

Which is a Motor Comprehensive Cover?

It covers:
• Damage to insured vehicle.
• Third party bodily or property liability.
• Passenger liability

Family Bank

Third Party Only (TPO)

This is the minimum cover that can be offered and coverage includes:

Third Party, Fire and Theft (TPFT)

This includes third party only. In addition, there is coverage for damage to client’s motor vehicle arising out of or caused by fire, external explosion, self-ignition, lightning, burglary or theft.

Geminia Insurance

Third-Party:

This type of policy covers third-party bodily injury or death and property damage arising out of the use of the motor vehicle.

Third-party Fire & Theft Cover:

In addition to the third-party cover indicated above, the policy extends to cover the vehicle from damage arising out of a fire and theft.

What are the additional benefits I can purchase under motor insurance?

What is the Maximum age for a vehicle to be Insured?

We insure vehicles up to 15 years from the year of manufacture. Any vehicle above 15 years will be required to undergo mechanical inspection before consideration for insurance.

Mayfair Insurance

  1. Third Party Only

This covers liability for third party property damage, personal injuries or death. For any vehicle, this is the minimum cover required by the Motor Insurance Act.

General Exceptions:

  1. Third Party, Fire and Theft cover

It has features of Comprehensive cover but excludes damage arising from an accident. It covers third party risks and in addition to that it also covers loss or damage by fire, external explosion, self-ignition or lighting or burglary or theft.

The policy may be extended to include the above extra covers under comprehensive cover.

This covers liability for third party property damage, personal injuries or death.The range is same as for private car policies i.e. Third Party, Third Party Fire & Theft and Comprehensive.

General Exceptions:

Own Damage Section

The policy indemnifies the insured against loss or damage to any motorcycle, including accessories and spare parts while attached on motor cycle. No cover while spares and accessories detached from motor cycle.

No cover for theft of accessories or spare parts unless the cycle is stolen.

Equity Bank

Bima ya Gari

Get insurance protection for your private personal motor vehicle against accidental loss or damage, including the spare parts and standard accessories, as well as protection against legal liability to third parties. This cover is for private vehicles for personal use, including use for your own business.

How To get started with this product

Note: Get optional extras at an additional premium, including tracking devices, rescue, courtesy car, political violence & terrorism and excess protector.

Get started

Benefits for this cover
1. Windscreen: KSh 50,000 free cover
2. Radio Cassette KSh 30,000 free cover
3. Capping of excess – OD & Partial theft 2.5% of value. Min of KSh 15,000; max of Ksh 100,000
4. Sum insured Agreed value basis
5. Free valuation At inception and renewal

Heritage Insurance

What types of vehicles are covered?

Covers are available for the following categories of vehicles;

Types of motor cover

For each category of vehicle, three types of covers can be purchased:

  1. Third Party Only (TPO): This is the basic and minimum cover available. It provides for liability to third parties only in respect of bodily injury and damage to third party property. It is the mandatory cover that a motorist should have.
  2. Third Party Fire and Theft (TPF&T): In addition to the TPO cover above, this cover extends cover the insured’s vehicle against the risks of fire and theft, including partial theft.
  3. Comprehensive: This is a superior cover to all the others as in addition to TPF&T, it extends to cover any other accidental damage to the vehicles including collision, overturning, effects of floods, Earthquakes etc.

What is required to get a motor cover?

  1. Completed and signed proposal form by the proposer.
  2. Copy of the logbook or importation documents (if the risk/vehicle is newly acquired/registered locally). Where a logbook has not been processed, we shall issue cover for up to 3 (three) months only.
  3. Copy of proposer’s national identification card. For non-Kenyans, a copy of a passport or Alien ID card is acceptable.
  4. The proposer/insured must be the registered owner of the motor vehicle.
  5. Copy of KRA PIN certificate for both individual and corporate customers.
  6. Corporate Entities: Certificate of incorporation and CR12 for companies. For non-incorporated companies, a copy of a legal document on registration of entity.

What are document requirements for launching a claim?

  1. Duly completed and signed claim form
  2. Police Abstract
  3. Copy of driver’s driving licence
  4. Copy of the driver’s KRA PIN
  5. Copy of your ID
  6. Copy of your KRA PIN or certificate of incorporation
  7. Copy of the Logbook

KCB Bank

Third Party Only
This is the minimum cover that can be offered and coverage includes:

Death and/or bodily injury to any persons other than employees of client and members of his own family
Damage to Third Party property arising out of or caused by the use of client’s motor vehicle

Third Party, Fire and Theft

Includes A above. In addition, there is coverage for damage to client’s motor vehicle arising out of or caused by fire, external explosion, self-ignition, lightning, burglary or theft.

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