It is legally required for all vehicle used on roads to have insurance to cover their legal liability to other road users (vehicles and pedestrians) who may suffer death, bodily injury or damage to their property as a result of the use of the vehicle.
Activa’s motor insurance policy is designed to provide cover the liabilities of our insured’s vehicle towards third parties who may suffer loss or bodily injury or death as a result of the use of the motor vehicle.
There are basically three types of motor insurance covers that are available and these are;
- Third Party Only Cover
- Third Party Fire & Theft Cover
- Comprehensive Cover.
Third Party Only Cover
This is a compulsory and minimum cover required by all vehicle users for their vehicles.
a) This covers bodily injury or death to third parties e.g. passengers, pedestrians and other road users
b) Cover is also provided as a result of damage to any third party property by the insured vehicle, and this cover is limited to GH¢2,000.00. However, the Third Party Property Damage Limit can be increased to any specified amount as agreed.
NOTE: Damage to the insured vehicle is not covered.
Third Party Fire and Theft
This policy covers all the above that is Bodily injury, death and property damage for third parties (that is other vehicles and road users) and in addition, provide compensation for the loss or damage to the insured’s vehicle as a result of fire and or theft.
The comprehensive cover is the highest cover which provides coverage for the two above and also accidental damage to the vehicle that is, we provide cover for losses like own damage or total loss either through fire, theft and accidental damage as well as third-party damage and bodily injury