Well, my jalopy is not yet below 500k according to the last valuation. So this insurance agent is charging me 5% on the premium.
Nilikuwa nimezoea 3.5% sasa ni kama nitalipa more premiums than when it valued more.Simply because it is a 2008 YOM.Meaning next year nitalipa at 5.5% or 6%
Jameni this lube will hurt na sio kidogo, worse is that the regulator has rubber-stamped this.
3rd party is a no-go for now and for me but ni kama Kenyans wengine will go for it.
I went third party during the corona downtime and have not resumed comprehensive come since…I am alive to the fact that its me, I and myself in case of any mishap. I have had an incident along the Nakuru highway - you have to negotiate and come get paid by the other driver - unamaliza story hapo hapo!
First umepewa jibu very practical for your peasant issue. Second thing you can devalue your car and pay bigger % or pay the valuer KSh200 to overvalue it and pay a smaller % still, you have to part with some good figures. You can’t have your cake and still eat it. Huezi jinyonya wewe sio senge.