Coverage Options & Policy Details
The specific elements you are covered for in through NEXT comprehensive car insurance policy include the following
If your car is stolen, the NEXT comprehensive car insurance policy will ensure you get compensation. The value of the compensation will vary depending on factors such as whether your car had an antitheft device and whether it had a tracking device. The amount will also be subject to an excess (a portion of the sum you have been insured for that you are required to pay).
The NEXT comprehensive car insurance policy will also ensure that you get insured should your car catch fire accidentally. Car fires are not very common, but they happen. A car burns highly combustible fuels such as diesel and gasoline (petrol), and also uses inflammable lubricants such as engine oil, transmission oil and the power steering fluid. In addition, the engine operates at very high temperatures, and can cause spontaneous ignition. We have said nothing of the hundreds of meters of electrical wiring that circulates electric power to all parts of the car which can also cause sparks or may overheat leading to spontaneous combustion. Thankfully, the NEXT car insurance Kenya policy protects you from the damage associated with accidental fire in the car.
When your car is accidentally damaged, whether by yourself or a third party, whether on the road or in a parking space, your comprehensive car insurance policy will ensure you get compensation. Usually, any claim you make in this regard will be subject to excess, and may be investigated before settlement. It is important to note that deliberate damage to your car is not insurable.
Total Loss of the Car
A car may be totally lost after an accident. In insurance practice, a car is considered lost if the cost of repairs after an accident exceeds 50% of the sum assured. This can be the result of a road accident, a fire, or an accident when the car is parked. Whatever the cause, your car will be replaced if it is totally lost if you have the NEXT comprehensive car insurance policy
Third Party Liabilities
The fifth benefit of the NEXT car insurance policy is protection from third party liabilities. Third party risks include accidental damage to other people’s property, whether cars on the road, or other assets such as buildings, goods etc. It also includes injury or death of third parties as a result of an accident, and injury or death of any passengers you are carrying on the car.
You can enhance your comprehensive insurance cover by paying for additional benefits which include access to a courtesy car if your car should become unavailable after an accident. Additional benefits accessible by paying additional premiums include a stereo cover, a personal accident cover, and the political violence and terrorism cover.
|Third Party Property Damange||5,000,000|
|Third Party Persons Injury/Death (per person)||Unlimited|
|Third Party Person (per event)||20,000,000|
|Passenger Liability (per person)||3,000,000|
|Passenger Liability (per event)||20,000,000|
|Entertainment Unit (Radio, CD player etc)||30,000|
|Excess Protector||0.25% of insured value min of 2,500|
|Loss of Use (Courtesy car benefit)||Maximum of 10 days 30,000|
|Political Voilence & Terrorism Extension||0.25% of insured value|
|Riot, Strike, Civil Commotion||Covered|
|Special Perils e.g. storm, floods, earthquakes||Covered|
|Geographical Area||East Africa|
|Accidental Damage||2.5% of value of vehicle (min KSh 15,000, max KSh 100,000)|
|Theft (with anti-theft device)||10% of the value of the vehicle (min KSh 20,000, max KSh 100,000)|
|Theft (without anti-theft device)||20% of value max KSh 100,000|
|Third Party Property Damage||KSh 7,500|
|Young Driver (under 21 years)||KSh 7,500|
|Inexperienced Driver (less than 1 year experience)||KSh 7,500|