MOTOR COMMERCIAL
Overview
This type of vehicle is used for private use and the carriage of goods for the insured’s business only.
Features & Benefits
- This category is for commercial vehicles used for the insured’s own business such as tractors, lorries, trucks, pickups, trailers and motor trade.
- The minimum cover that is required by the Kenyan government is the Third Party cover. This policy covers third parties who may suffer from injuries or death as a result of your vehicle.
- Other covers include the Comprehensive Cover and the Third Party Fire and Theft Cover.
- The Comprehensive Cover is highly recommended because it insures the policyholder against all risks. These risks include:
- Vehicle damages as a result of an accident
- Theft of the vehicle
- Damage to vehicle due to accidental fire
- Damage of property belonging to third parties
- Bodily harm to third parties
- Damage to car accessories that had been declared when the policy was bought
- Consequential Legal fees incurred with permission from the insurer.
|
Extra Benefits |
Third party only (TPO) |
Third party Fire & Theft (TPF & T) |
Comprehensive |
|
1 |
Windscreen |
Not applicable |
Not applicable |
Charge at 10% of the value insured. |
|
2 |
Car Entertainment |
Not applicable |
Not applicable |
Charge at 10% of the value insured. |
|
3 |
TPPD |
Ksh. 3 Million |
Ksh. 3 Million |
Above Kshs. 5 Million, charged at 1 per mile for extra limit. |
|
4 |
Medical Expenses |
Not applicable |
Not applicable |
Above Kshs.10, 000.00 charged at 2.5% up to a maximum of Kshs. 30,000.00 |
|
5 |
Riot, Strike and Civil Commotion (RSCC) |
Not applicable |
Not applicable |
Charged at 0.5% of the sum insured |
|
6 |
Towing/ Recovery Expenses |
Not Applicable |
Not applicable |
Above Kshs. 30,000.00 charged at 10% for the insured limit. |
|
7 |
Authorized Repairs |
Not Applicable |
Not applicable |
Insurers to authorize repairs above Kshs. 50,000.00 |
|
8 |
Extended Geographical Area: Outside Kenya |
Charge as per COMESA Guidelines |
Charge as per COMESA Guidelines |
Charged as per COMESA guidelines |