Car Insurance Coverage Guide in Zambia

BFBlog_insuranceCar Insurance Coverage in Zambia

Car insurance coverage is one of the most important legal requirements when it comes to vehicle licensing in Zambia, vehicles such as cars, pickups, buses, trucks, 3 or 4-wheeled motorcycles, trailers,caravans, scooters, etc. All have to be covered in respect of loss, injuries or damage through collision, overturning, theft, etc. All motor vehicle owners are required by law to have a valid insurance disk on their vehicles, as failure to do so is liable to a fine.

3 Main Types of Car Insurance Coverage in Zambia

Comprehensive Car Insurance

This is an insurance coverage that compensates for any legal liability for damages caused by your vehicle to other people’s property. It also covers liability following bodily injury/death caused by your car to other people. Apart from that it also covers damage to your car in instances of fire, riot and strikes. The advantage of this insurance coverage is that it protects one from all possible liabilities that might come up and with extra protection one doesn’t have to be stressed much about how they are going to settle any issues that might arise. The disadvantage is that it does not cover wear and tear, mechanical breakdowns, consequential loss, loss of use and third-party damages and injuries.

Full Third-party Insurance Coverage

This insurance coverage is meant to compensate you for any legal liability following damage caused by your car to other people’s property, legal liability for bodily injury/death caused by your car to other people e.g., pedestrians. This insurance does not cover damages due to riot/strikes and fire damage to your car. This coverage also excludes wear and tear of motor vehicles, mechanical breakdowns, and consequential loss, loss of use and third-party damage and injuries. However third-party insurance has the advantage of being the cheapest of all the 3 coverage and the disadvantage of it is that it does not cover your own property or injury to yourself.

Full Third-party Fire and Theft Insurance

This insurance coverage offers the same benefits of compensation for any legal liability following damages caused by you to other people’s property, legal liability for body injuries/death caused by your car to other people. However this insurance also covers fire damage to your own vehicle and theft of your car. It is an economical package that allows many people to enjoy part benefits of the comprehensive package while paying less when compared to the full comprehensive insurance package.

Car Insurance Coverage Package Options

There are several options available when it comes to payment of insurance. Most of the insurance companies have packaged their products in such a way that every motorist is able to afford without much stress, flexibility of payments is one option and the other is the ability to cover your vehicle in quarters, half year and annually. However it is advisable to always pay yearly, as it is very convenient on one’s part as the risk of forgetting to renew is slime. Several factors are considered when it comes to determining the cost of insurance matters such as age of the owner, make of vehicle, driving experience, engine size, intend use of vehicle and other personal details are all factored into coming out with the best possible value. Therefore when it comes to costs it is usually dependent on the above factors as each vehicle is peculiar in its state of condition, features, accessories and others.
Hope you have a safe drive!

This article is written by BE FORWARD Supporters ID 235466 Mutimba Musonda in Zambia.
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