GA Insurance Limited has published a list of vehicle models that they won’t underwrite on comprehensive basis.
In a memo to its business partners, the insurance company explained that they had incurred losses while covering such vehicles.
The company noted that these vehicles’ usage has been misemployed and turn out to be a challenge when settling claims.
GA stated that the decision is to ensure smooth running of the business.
The vehicle models are Toyota Probox, Toyota Succeed, Toyota Sienta, Toyota Passo, Toyota Porte and all Suzuki models valued below KSh 1 million.
“We count on your support and understanding in the implementation of these changes,” the company said in part.
In other news, Occidental Insurance excluded some car models from underwriting due to unavailability of their spare parts.
In a notice to his business partners, the insurance company said spare parts of these vehicles have become rare and obsolete posing a challenge when settling claims.
The notice added that all Comprehensive vehicles must be up to 15 years of age for private vehicles and 12 years for commercial vehicles.
The listed vehicle models were Honda HRV, Honda Crossroad, Honda Insight Hybrid, Honda CR-Z, Suzuki Alto EX Japan, Suzuki Swift, Suzuki Escudo, Mazda Axella, Mazda Premacy, Mazda Tribute, Mazda CX7, Mazda Verisa and Mazda Familia.
Others were Daihatsu all models, Subaru Exiga, Renault all models, Toyota Gaia, Toyota BB, Toyota OPA, Toyota Vios, Toyota Voltz, Toyota Prius Hybrid, Toyota Lexus Saloon, Hyundai all models and Ford Escape.
