Know Why A Priority Motor Insurance Policy Is Significant For You
Owning a vehicle is no longer a luxury, but is more of a necessity. A vehicle enhances your mobility and reduces the need to depend on public transportation. However, driving on our Ghanaian road comes with its own set of perils. Lack of discipline while driving and bad condition of the roads often increases the risk of an accident. Such an unfortunate event may result in damage to your vehicle and may also cause bodily injuries as well as death.
In order to financially protect yourself from such incidents, you may consider investing in Priority Insurance Company’s Comprehensive Insurance
Our comprehensive motor insurance policy offers a plethora of benefits. Following are five major advantages of such a plan.
- Offers coverage for damage to property
The risk of damage to your vehicle during an accident cannot be eliminated. The cost of repairs is indeed an expensive affair and may burn a huge hole in your pocket. Purchasing a motor insurance policy prevents such out-of-pocket expenses as your insurance provider will bear a substantial percentage of the cost of repairs.
- Provides coverage for hospitalization costs
In case of severe bodily injuries or fractures, you may require treatment at a hospital. A motor insurance plan financially protects you against exorbitant medical costs. It covers all hospitalization expenses, thus allowing you to focus on speedy recovery, instead of worrying about finance.
- Reduces your liability
This type of insurance policy reduces your liability in case an accident is caused by you. The insurance provider covers all damages caused to third-party property or injuries caused to a third party. Besides, you are covered from the legal repercussions, if a case is filed against you.
- Compensates the family in case of death
Accidents may result in an unfortunate death of the vehicle owner. The family may face financial difficulties in an event of the demise of the policyholder, especially if he/she was the breadwinner of the family. Motor vehicle insurance plans provide a lump sum amount in an event of death. This amount may be used by the loved ones to meet their financial obligations.
- Offers coverage for natural and man-made calamities
A vehicle insurance plan also provides financial protection against natural calamities such as flood, typhoon, cyclone, among many others which most are not experienced in Ghana. It also offers coverage against man-made activities such as terrorism, fire, and strikes.
The aforementioned points show that a motor insurance plan is indeed significant for every vehicle owner.
Secure your car with Priority Insurance Company Limited Comprehensive Insurance.
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