Why You Need To Insure Your Car with Co-op Bank’s BancaAssurance

Generally, insurance companies in Kenya have a bad history. That is a fact. Kenyans are often reluctant to associate with insurance companies in Kenya.

According to many disappointed Kenyans, the majority of insurance companies in Kenya are always quick and happy to receive your premiums but treat you like a first-class suspect when you claim the same.

Insurance penetration in Kenya is less than 3 percent and experts warn that the rate might go down if nothing will be done to change people’s perception towards the sector.

Having car insurance is mandatory in Kenya and this is why we would recommend you to find out the right insurance company for your car. Before insurance your car, find out the history of the company you want to insure with; do they pay claims on time? Do they have any history of fraud? How do they treat their clients?

You insure your car, not just because it is of high value but because it gives you the comfort and the freedom to move freely. Whenever an accident or theft of your car happens, your routine and finances will be affected, the more reason to have a reliable insurance company.

We would advise you to try bout Co-operative Bank of Kenya through their assurance segment and see what they offer. You will not be disappointed. In fact, you will have it within minutes. For your private car, the lender gives you two major products:

• Motor Private Comprehensive

This option covers for the loss of your car (in case of theft) or accidental damage to your car, its accessories and spare parts as well as third-party property, bodily injury and property damage.

• Motor Private TPO

This option provides cover for any third party damage and third party body injury.

You can visit them physically at their branches or get some more information by clicking on the link here.