Huu mwaka watatii. How many vehicles with comprehensive insurance have been damaged by floods?? Another casualty itakuwa Kenya Re juu niko sure it reinsures the companies.
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Insurance companies don’t cover flood damage as a result of widespread natural disasters. It is called the ‘act of God’ similar to earthquakes and wild fires. Hapo uko solo.
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BOOM!!
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Wrong.
It all comes down to the individual insurance company, the products that the individual company offers and the amount you are willing to part with in premiums.
pretty much every risk is insurable - hata acts of terrorism.
kenya re wanakaushanga kulipa ma claims za insurance company na hakuna kitu insurance wanaweza fanya inabidi wa rely on external reinsurers.
some actually do but for higher premiums