1) Scout for a reputable Insurance Company:
Work with referrals from Friends.
They will guide you well.
Do not get Insurance through a relative or Family Member.
The Best insurance companies have been around for more than 20 years eg. GA, ICEA, CIC
2) Use brokers to get lower rates:
Brokers and Big Agents get low rates from Insurance companies as they have big business portfolios & can easily negotiate with Insurance companies
3) Provide the following by filling a proposal form:
* Logbook in your Name
* National ID card
*KRA pin
*Mobile number
* Physical address
* Email address
*Occupation
* Source of Funds
If logbook is not in your name yet provide copy of sales agreement.
You should be issued with one month certificate which will be extended on the whole annual premium payable in instalments after you get logbook in your name.
4) Go for Valuation:
The market price is used by insurance companies to adjust claims so it is important to go for valuation within two days of policy issuance.
The buying price of a car is not its market price.
Once valuation is out have the insurance company rework the annual premium for you using the market value provided in the report and pay the balance from what you paid as first instalment.
Get all the important buy backs into your cover e.g Excess protector own damage & political violence & terrorism.
If you own thief magnets like Axio and Fielder kindly get excess protector on damage and theft.
Make sure the insurance company revises the value of your windshield and entertainment system to match the figures shown in the valuation report.
Pay for extra premium if the windshield and entertainment system values are above the policy free limits.
Call us on 0727497935 for a personalized phone session about this
5) Demand the following after getting insurance certificate :
* Franked Policy document with wording
* Payment Receipt
*KRA E-tims receipt.
6) Drive safely and avoid situations that may land you in accidents:
You have a duty of care not to drive carelessly just because you have insurance.