After you finally buy your dream car, one thing you need to get is car insurance. According to the Third Party Insurance Act 195, it is mandatory for the owner of a car on public roads to have insurance to cover his liability for others. One thing to note is that the benefits that each person receives depend on the type of insurance coverage. Business Group, Quality Insurance Company Limited, Preferred Insurance Company and SIK Insurance Company are some of the agencies that offer good services and incentives. Types of Car Insurance:
I. Comprehensive Policy: This policy covers accidental damage to the insured vehicle, theft, burglary, vandalism, injury or death caused by third parties and natural events such as floods and earthquakes.
II. Third Party Policy: Covers people driving your car with your permission against claims by other people in the event of property damage or injury while driving.
III. Third Party Fire and Theft Policy: This car provides coverage against fire or theft.
Insurance costs
The cost of insurance coverage varies from different providers. Priority third party insurance for saloon cars is GHC 221 per year and GIC 371 for SIC insurance. To get a quote for a comprehensive policy, the car must be sent to the insurance provider for a valuation. Factors such as the model year and purpose of the car are taken into account.
Post a Comment