Commercial, private drivers do not see any benefits from vehicle insurance

Commercial, private drivers do not see any benefits from vehicle insurance

INSURANCE
The report noted that 82% of Ghanaian drivers often did not have an interest in filing complaints The majority of drivers, both commercial and private, do not see any benefit from insurance companies in Ghana due to perceived unwillingness and refusal of payment of claims.The event, which brought together stakeholders from various sectors took place on Wednesday January 25, 2023 in Accra, to launch the YAFO “Driver MO” report and to find ways of improving the insurance sector.Nathaniel Dwamena, President of YAFO, said that most drivers expressed dissatisfaction with comprehensive insurance as it is expensive compared to income levels.He said the drivers only showed interest in vehicle insurance because it was mandatory and enforced by the police.He said drivers complained about delays in insurance claims and sometimes to the extent…
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Stolen vehicles have multiple impacts, including car insurance rates

Stolen vehicles have multiple impacts, including car insurance rates

INSURANCE
BUFFALO, NY (WKBW) — Faye Roberts Kia vehicle was stolen from her home in Keisertown in January. Now the car is in the shop, and Roberts is driving a rental car covered by insurance. The only issue is - she will be losing that car soon in a couple of days. "It's just sitting there. The insurance company hasn't really done much. They sent an appraiser in who said they're only going to cover 2,000 of the $7,000 in damages," Roberts said. "It's been really hard. I've been struggling a lot and it's just been me and my 7-year-old."Not only does Roberts need her car to drive her son to school, but she also needs it to get to her essential doctor's appointments. "I just had open heart surgery in…
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