Enterprise Insurance final 12 months paid a complete of GH¢69 million as motor insurance coverage claims, Michael Otu-Larbi, Senior Manager, Quality Assurance stated.
Mr Otu-Larbi disclosed this throughout a webinar on the theme Insurance Claims Processes; a give attention to Motor Insurance held final week Friday.
He defined that Enterprise Insurance had been rated AA+ from AA, which demonstrated the corporate’s sturdy monetary muscle to pay claims promptly.
According to Mr Otu-Larbi, Enterprise Insurance established in 1924 was the oldest insurance coverage firm within the nation.
He stated the corporate had enhanced its motor insurance coverage merchandise to convey peace and worth to its prospects.
Mr Otu-Larbi talked about Comp Extra, which he defined, amongst others, paid for lack of use of a car and different further advantages.
He additionally talked about the Third Party Amplified which was an enhanced type of the Comp Extra, which paid for damages on windscreen, aspect mirrors, and minor scratches.
“This is new and first on the market and this can only come from Enterprise Insurance,” he stated.
Mr Otu-Larbi stated motor insurance coverage was a authorized requirement and supplied peace of thoughts to individuals within the interval of emergencies.
Speaking on motor insurance coverage declare processes, Head of the Same Day Claims, Bernice Davies urged motor insurance coverage coverage holders with Enterprise Insurance to not settle for legal responsibility when there may be an accident.
“Don’t assume liability when there is an accident. Once you buy insurance and there is an accident, allow the insurance company to pay, do not assume liability,” she stated.
Taking the members by means of the declare processes, Ms Davies urged coverage holders to safe the accident scene once they have been concerned in an accident, report back to the police when it was Third Party insurance coverage and notify their insurers.
“Do not make promises when you are involved in an accident, if you do that you put Enterprise Insurance in a prejudiced position,” she stated.
Ms Davies talked about accident, theft, hearth and injury attributable to insured to a different property as a number of the elements which triggered motor insurance coverage claims.
She stated the ceasure of engine, upkeep associated points and issues of automobile battery didn’t set off insurance coverage claims.
BY KINGSLEY ASARE