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What is Motor Insurance and why do you need it?

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Summary

Motor Insurance is a type of insurance policy that offers coverage to the policyholder’s insured vehicle against financial losses arising out of accidents and other damages. Considering the safety of individuals, car insurance has been made mandatory by the government. Vehicle insurance in Kenya also provides comprehensive vehicle insurance that covers third-party, third-party property and financial compensation for own losses. It also covers a group of other unforeseen contingencies and natural disasters that can cause damage to your car such as vandalism, fire, tornado, falling objects, landslide, etc.

First published

03/10/2021

Genres

business investing

Duration

6 minutes

Parent Podcast

JazaPay Insurance

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Episode Description

Motor Insurance is a type of insurance policy that offers coverage to the policyholder’s insured vehicle against financial losses arising out of accidents and other damages. Considering the safety of individuals, car insurance has been made mandatory by the government. Vehicle insurance in Kenya also provides comprehensive vehicle insurance that covers third-party, third-party property and financial compensation for own losses. It also covers a group of other unforeseen contingencies and natural disasters that can cause damage to your car such as vandalism, fire, tornado, falling objects, landslide, etc.

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