Commissioner of Insurance, Dr Justice Yaw Ofori, has urged garage owners, including the local fitting shops, to insure their premises.
He said even though motor insurance was compulsory in Ghana, most of the insurance on vehicles did not cover taking the car to a garage or a mechanic.
Dr Ofori, therefore, urged vehicle owners to ensure that garages and fitting shops they patronise were insured to cover their cars should there be any incident.
He made this known in an interview with the Ghana News Agency saying such regulations were spelt out in the Insurance Act 2021 (Act 1061) and garages having insurance demonstrated professionalism.
Dr Ofori said the National Insurance Commission was working on developing a claim software, where frequent accident vehicles would be identified to inform the insurance companies on their level of risk.
“Having a claim software will also be a deterrent to bad driving since those who claim insurance compensations frequently will be noted as high risk.”
The National Insurance Commission is also encouraging commercial buildings and commercial buildings under construction to insure their premises, Dr Ofori said, pointing out that soon the Commission will enforce that aspect of the Insurance Act.
He said the NIC will soon issue certificates of insurance to commercial buildings and commercial buildings under construction.
Dr Ofori said one other compulsory insurance which many Ghanaians do not pay attention to, was the buying of fire insurance, saying fire insurance usually covered policyholders against fire loss or damage from a number of sources.
He expressed the Commission’s readiness to continuously engage stakeholders and undertake public education to sensitize people on the benefits of insurance.
“Insurance is a pool where everybody puts in money to take care of the unfortunate few,” he added.
Latest Stories
-
Financing assurance secured from bilateral creditors to aid 2nd review funding for Ghana – IMF Africa head
8 mins -
Man who set himself on fire outside Trump’s Manhattan hush money trial dies
23 mins -
Fuel purchase issues have nothing to do with personal interest – Egypa Mercer
28 mins -
ISRQ2024: Theorose School wins Championship with 0.5 points, heads to Canada
34 mins -
Use your voice, talents, skills to advocate for positive change – UniMAC VC tells graduates
39 mins -
Livestream: Newsfile discusses ‘dumsor’, Ex-MASLOC CEO jail and Election 2024
52 mins -
Otumfuo STEM Festival launched to find problem-solvers, promote science education
1 hour -
Irene Logan ties the knot in colourful ceremony
1 hour -
Alliance with other parties, not a merger – Alan Kyerematen
2 hours -
Ghana’s Mohammed Fuseini scores in Randers 2-2 draw Odense BK
2 hours -
We are behind schedule on flood control programme – Oppong Nkrumah
2 hours -
Jennifer Kankam scores five against Tala’ea El Gaish in ZED FC’s big win in Egyptian league
2 hours -
You won’t start at Hearts of Oak – Charles Taylor tells Erling Haaland
2 hours -
People have lost patriotism, passion for the nation – Sulemana Braimah
2 hours -
You can’t use context of past elections to determine what happens in 2024 polls- Alan
3 hours