In mid 2015, Co-operative Bank began to issue car insurance stickers to motor vehicle owners from all its branches across the country.
The product which operates under Co-operative Bank’s Bancassurance docket revolutionized the provision of insurance policy to motor vehicles by being the first to get finalized within ten minutes of an order. “Printing of motor vehicle insurance certificates means a significant reduction of the turnaround time to a maximum of 10 minutes,” says Co-op Bank.
The car policy cover has two main components:
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- Motor private comprehensive: Provides cover for loss of or accidental damage to the motor vehicle, its accessories and spare parts as well as third party property bodily injury and property damage
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- Motor private TPO: Provides cover for any third party property damage and third party body injury
However, motor vehicle cover will include extended benefits such as:
- Tracking devices
- Occupational group personal accident for the driver and loader
- No blame no excess
- Carriers liability
- Loss of use cover
- Loss of personal effects
- Replacement of damaged and or lost key
- Forced ATM withdrawal limit
- Accommodation after an accident
- Daily hospitalization allowance
- Courtesy car
- Political violence and terrorism risks
To get covered, you will need the following five documents:
- Log book
- Driving License
- Insured ID
- Pin Certificate
- Valuation report if available.
To apply, click HERE