Aon Quartely Magazine

The insurance industry and the government of Kenya have engaged
in concerted effort to make coverage affordable to many farmers
through micro-insurance initiatives that provide viable and affordable
insurance products to farmers. Again, the lack of insurance cover
is implied to be largely based on the perception that insurance is a
complex area shrouded with legal jargon and too much ‘small print.
For most car owners in Kenya, the “Third party cover’’ is usually
the most mandatory type of coverage. However, this coverage
is only limited to damage and physical injuries on third parties
as a result of an accident. For those who use their vehicles often,
stay in a flood zone or park their cars where demonstrations
are likely to happen, know that apart from accidents, there
are many other ways in which their cars can be damaged.
Aon Motor Comprehensive Insurance Cover
Motor vehicle insurance is as old as
the invention of the motor vehicle
itself. After few days of inception, it
was soon realized that man wasn’t
in full control of the machine. It had
the potential to cause harm to which
adversely might result in death. That
is why it was christened a lethal
machine. That is when the thought
of countering its lethality was born.
Motor vehicle insurance was then
born as a result.
This is where Aon Motor
Comprehensive insurance comes in
handy. Aon Motor comprehensive
covers the asset against damage as a
result of other incidents other than
an accident, like fire, theft, vandalism,
animal damage, floods and falling
objects. Although this type of cover
is not required by the Kenyan law, it
may be a good idea especially if you
consider the value of the car you
drive. In fact most drivers of financed
or leased cars are required to acquire
this type of insurance cover so as to
protect the car lender or owner’s
investment.