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Welcome to SIC Insurance - Ghana's preferred Insurer for:    Motor   |    Accident   |    Fire    |    Marine & Aviation   |    Engineering & Construction   |    Workmen's Compensation   |    General Bonds   |   

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Insurance Policies >> Motor

Other Considerations

A. Age and experience of Drivers: The Drivers Age and Driving experience required are as stated below:

USAGE AGE OF DRIVER NO. OF YEARS EXPEREINCE
Private 18 1
Commercial 21 2
  1. THIRD PARTY, PROPERTY DAMAGE LIMIT:

The standard limit is ¢10,000,000.00. This has been built into the basic premium rate.
Where additional limit is required, it is granted on the payment of a very little premium.

  1. EXCESS [or DEDUCTIBLE]
    1. Act and Third Party Policies

There shall be no excess applicable
2. Comprehensive and Third Party, Fire and Theft policies: Excess on the above - mentioned policies are imposed on the Own Damage claim as follows;

Private Individual --- 10%
Private Corporate --- 10%
All Commercials --- 15%

This excess can however be bought back [waived] on the payment of an additional premium.
3. A voluntary Excess can also be taken by the Policyholder to enable him earn a reduced premium.
D. Discounts:
The Company has in place Discounts to attract the policyholder or to compensate and encourage good Insurance and Claims history.

E. Credit Sales:
The motor business is strictly Cash and Carry. Where for compelling reasons or by an agreement, an underwriting office grants a credit, the facility is for 90 days only.
The policy shall be deemed automatically cancelled if the credit is not paid in full within 90 days.
7. FACTS OR/INFORMATION NEEDED TO ENABLE US COMPUTE PREMIUM:

  1. Private Vehicles:

THIRD PARTY POLICY

    1. Cubic Capacity of vehicle
    2. Seating Capacity of vehicle
    3. Driving experience of person[s] driving
    4. Previous insurance/Claims History
    5. Whether the Proposer is an individual or Corporate

COMPREHENSIVE

  1. Value of vehicle
  2. Age of Vehicle
  3. Cubic Capacity of Vehicle
  4. Seating Capacity of Vehicle
  5. Driving experience of Person[s] driving
  6. Previous Insurance/Claims History
  7. Whether Proposer is an Individual or corporate

b. Commercial Vehicles
THIRD PARTY POLICY

  1. Use of vehicle [Limitations as to use]
  2. Cubic Capacity of vehicle
  3. Seating Capacity of vehicle
  4. Previous Insurance/Claims History
COMPREHENSIVE POLICY
  1. Value of Vehicle
  2. Use of Vehicle [Limitations as to use]
  3. Cubic Capacity of vehicle
  4. Seating Capacity of vehicle
  5. Previous Insurance/Claims History

8. All other enquiries may be made from our Motor Department or the Sales
and Marketing Department.
The SIC Motor package is next to none. Take advantage of our unique protection.

Contact Other Considerations Share This Page
 
Third Party Only Covers
Third Party Fire & Theft Cover
Comprehensive Cover
Additional Benefits Under Motor Insurance
Obligations Of Persons Intending To Insure
Other Considerations
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