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The main role of insurance is to pay the insured when a loss or misfortune occurs. However, note that payment is only made to those who have taken insurance cover. Insurance is based on trust of both the buyer (insured) and seller (insurer) of the insurance policy. To make this trust work, insurance is governed by six main rules called principles.The principles include utmost good faith, insurable interest, proximate cause, indemnity, subrogation and contribution. While […]

Costs Inclusive Excess  The policyholder must pay the amount of the excess towards the legal and defence costs. Costs Exclusive Excess The policyholder does not pay any excess towards the legal and defence costs but only pays the amount of the excess towards a claim settlement. Known Claims /Circumstance  The prior knowledge of a fact, situation or circumstance that a policyholder knew of before the  policy period began; or in which a reasonable person in […]

Never shop based on price alone whether you’re insuring your house, car or yourself. Buying insurance can be confusing, but when the unexpected happens – a house fire, a fender bender or a broken bone – it’s a relief to know that some of those financial losses will be covered. But how do you know how much coverage you need? And what questions should you ask before buying a policy? Many consumers aren’t sure. Insurance […]

I will tell you about the key aspects of insurance which you need to know before buying insurance. You can avoid many common mistakes people make while shopping around for an appropriate insurance cover. Our aim at Imana  https://imana.co.ke/ is to help consumers understand what they are buying. Let’s sample the insurance industry There are 49 insurance and 3 reinsurance companies in Kenya.  Some of the insurance companies only sell general insurance while others sell […]

Home or domestic package insurance covers the customers who own the house or rent the house they live in. But do you really think of domestic package insurance as a necessity? If no, then you should read this post and know why should you opt to purchase it. Here is everything you must know about Domestic Package Insurance In Kenya before you buy it as explained by Imana Insurance Agency Kenya Ltd  What is a Domestic […]