What is Motor Insurance and why is it important? What is required for Motor Insurance?

What is Motor Insurance and why is it important? What is required for Motor Insurance?

Motor Insurance is a protection against losses which arise due to legal claims made by a third party in case of an accident caused by you or losses which arise as a result of manmade/natural calamity to you, your vehicle and co-passengers. Motor insurance is an insurance purchased by the owner of a mechanically propelled […]

Motor Insurance is a protection against losses which arise due to legal claims made by a third party in case of an accident caused by you or losses which arise as a result of manmade/natural calamity to you, your vehicle and co-passengers.

Motor insurance is an insurance purchased by the owner of a mechanically propelled vehicle to cover losses due to accidental damage, fire or theft as well as death or bodily injuries sustained as a result of an accident arising out of the use of the vehicle on a road. It is a legislative requirement under the Ghana Road Traffic Act 1958 for all vehicle owners to have an insurance policy that covers their legal liability for injury and /or death to third parties.

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