Sharp Daily
No Result
View All Result
Thursday, October 30, 2025
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team
Sharp Daily
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team
No Result
View All Result
Sharp Daily
No Result
View All Result
Home News

Toyota Probox, Sienta Among Vehicles Axed From GA’s Insurance Cover

Domenic Ntoogo by Domenic Ntoogo
November 4, 2022
in News
Reading Time: 1 min read

GA insurance Limited has struck off a number of vehicle models from their comprehensive insurance cover, citing unsustainability in settling claims.

Toyota Probox, Toyota Succeed, Toyota Passo, Toyota Porte and Toyota Sienta are the Toyota models that will be expelled from the cover and whose prices fall below Ksh.1 million. Others likely to be affected are all Suzuki models that fall within the price range.

“After a comprehensive review of our motor private book, and the loss trends, we wish to communicate that there are vehicles whose usage has been misemployed and, therefore, have proven to be a challenge when settling claims,” said GA in a letter.

“We will therefore not underwrite the below models on comprehensive basis to ensure smooth running of business and maintain an excellent client experience.”

RELATEDPOSTS

IRA drafts new regulations to introduce virtual assets insurance in Kenya

October 24, 2025

How increased oversight can clean up the insurance sector without stifling innovation

September 11, 2025

The insurance giant has attributed the move to the high number of accidents among the vehicle models, occasioned by the usage of cars listed as private for public transport.

“A significant number of motorists driving the listed vehicles are prone to causing accidents. This has subjected our business to losses in respect to the listed vehicles. And many people who seek insurance for the vehicles apply for private covers, only to use the vehicles for public transport, which is riskier. At times, you’d come across a compensation claim, only to realise that the vehicle, listed for private use, was transporting passengers at a fee during the accident,” said a GA representative.

A comprehensive insurance cover compensates motorists for an array of events, including theft, fire and vandalism.

Email your news TIPS to editor@thesharpdaily.com

Previous Post

Why Moses Kuria Will Never Win Mitumba Battle Against Kenyans

Next Post

KQ Pilots Down Tools As Squabble With Top Management Persists

Domenic Ntoogo

Domenic Ntoogo

Related Posts

News

Who Should Invest in a Money Market Fund

October 29, 2025
News

Eastern Africa’s unified spectrum strategy to boost broadband

October 27, 2025
News

Start Q4 strong with the Cytonn Money Market Fund

October 9, 2025
News

Kenya Q2’ 2025 GDP growth accelerates to 5.0%

October 3, 2025
News

Argentina’s crisis and Kenya’s lessons on political economy and market confidence

September 25, 2025
News

Kenya’s financial system remains stable but faces rising risks

September 25, 2025

LATEST STORIES

How Kenya’s bond market boom could benefit everyday investors

October 29, 2025

Kenya Inflation 2025: What Steady Prices Mean for Your Savings and Best Investment Options

October 29, 2025

CIC insurance and Equity bank fined KES 1.2 bn for holding unclaimed assets in Kenya

October 29, 2025

Building trust and convenience in modern finance

October 29, 2025

Global or local? Why Kenyan professionals should consider domestic investments

October 29, 2025

Who Should Invest in a Money Market Fund

October 29, 2025

EABL to redeem KES 11.0 bn bond early to cut financing costs

October 28, 2025

Money Market Funds Explained: A Beginner’s Guide (Kenya Edition)

October 29, 2025
  • About Us
  • Meet The Team
  • Careers
  • Privacy Policy
  • Terms and Conditions
Email us: editor@thesharpdaily.com

Sharp Daily © 2024

No Result
View All Result
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team

Sharp Daily © 2024