The Observer (Kampala)

1 January 2013

Uganda: Comprehensive Insurance Is a Necessity

opinion

In the second and last part on this series on insurance for travellers these holidays, we'll delve into the most common means - road transport.

The roads are characterized by heavy traffic during the holiday season, coupled with merry-making. All this makes for dangerous situations. Unfortunately, the highest numbers of road accidents occur during this season. Road transport should be an enjoyable family experience. With loved ones on board, motor comprehensive insurance becomes that much more of a necessity.

Cover for both your car and that of a third party is assured. This cover extends to accidental fire and theft of the vehicle. Certain motor comprehensive policies even include medical cover that will compensate the policy owner, and their passengers up to a certain limit, in the case of injury resulting from an accident.

Other insurance options to consider include Personal Accident (PA), and Domestic Package. PA pays out upon the accidental death or injury of the policyholder. It can also be taken out on a group of people, in which case the entire group is covered. PA offers 24-hour coverage within the stated jurisdiction in the policy.

Although domestic package insurance is not insurance for travellers per se, it does come in handy for those leaving their homes, and belongings unattended. It is a comprehensive policy covering dwellings, houses, flats and so on, plus their contents. Specific description of the items insured should be given when taking out this policy.

As with all other insurance policies, it is important to read the fine print of your contract to ensure that the limits and clauses are suitable to you. So, if you are driving to Nairobi, the territory of Kenya should be within the offered motor comprehensive, and PA jurisdiction. If it isn't, then negotiate a suitable extension with your insurer.

As we embrace the spirit of giving and sharing, let's for a moment remember the things that matter. Celebrate but be safe too. Thank you for a wonderful past year.

The author is a Chartered Insurer and works with the Insurance Regulatory Authority of Uganda

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