Policy Summary
This policy provides compensation to the insured person or entity following financial loss arising from accidental loss and/or damage to motor vehicles including accessories thereon, whilst carrying fare paying passengers for a shared ride for hire and reward excluding legal liability to third parties.
Client profile
This policy is suitable for:
- Transport companies involved in hiring out transport vehicles.
- Individual matatu operators providing transportation of passengers for hire and reward.
- Matatu Saccos providing passenger transport for hire and reward.
- Those desirous of insuring their motor vehicle under a separate insurance company from the insurer of the liability risks.
Main Features
It provides cover against:
- Loss or damage to the insured motor vehicle arising from accidental collision, overturning, fire, external explosion, self-ignition, lightning, burglary or theft and malicious damage.
